American Auto

The Cadillac Lyriq was launched in the US earlier this year with a starting price of $59,990.

Ford China announced that official reservations for the Mustang Mach-E are available immediately, with deliveries expected by the end of the year.

Faraday Future was up more than 4 percent in pre-market trading after releasing the update.

Momenta was founded in 2016 and received a $46 million investment led by Nio Capital in 2017.

In 2017, Momenta received a Series B investment of $46 million led by Nio Capital, the venture capital arm of Nio.

General Motors announced Tuesday that it is officially introducing its Ultium electric vehicle platform to the Chinese market "to join Chinese consumers on their journey to an all-electric future."

Tesla's new version of the Model Y, which was launched earlier this month and is eligible for China's state subsidies, has garnered the company plenty of orders, and now its US counterpart Ford Motor is following suit.

There have been rumors that Zhu Jiang, the head of Ford China's Mustang Mach-E program and a former Nio vice president, may leave the company, and now the news seems closer to confirmation.

The company also plans to further strengthen its Lincoln brand and fast-track its electric vehicle business.

Ford's smart, all-electric SUV Mustang Mach-E was launched in China on Tuesday and is available for pre-order, with a price range of 265,000 yuan ($40,480) to 379,000 yuan.