Xiaomi applies trademark for its car business
Xiaomi announced its entry into the smart electric vehicle market on March 30, with an initial investment of RMB 10 billion and an expected investment of $10 billion over the next 10 years.
Dongfeng Motor's first model with battery swap support expected to go into mass production in June
Dongfeng Motor recently said that its first battery swappable model, the Aeolus E70, will go into mass production in June.
Despite not delivering a single car, Evergrande Auto has overtaken Nio as second most valuable carmaker in China
At the close of trading on April 1, Evergrande Auto had a total market capitalization of HK$589.5 billion ($75.8 billion), higher than Nio's $62.2 billion, which is listed in the United States.
Tesla Model 3 reclaims title as world's best-selling EV in February over Hongguang Mini EV
Tesla delivered 28,014 Model 3s worldwide in February and it was the best-selling new energy vehicle in Europe.
Xiaomi CEO's hometown trying to get his car project based there
For local governments, attracting a car company to their area would certainly give a significant boost to the local economy, especially if the company is also China's largest smartphone maker.
Xiaomi's Lei Jun, Nio's William Li, Xpeng's He Xiaopeng show up at rare gathering
Given that Xiaomi just announced its entry into the car-making industry three days ago, this gathering of the leaders of China's most prominent new energy vehicle companies has quickly generated widespread interest among Chinese Internet users.
Li Auto reportedly plans to build second factory, possibly in Beijing, where it is headquartered
Li Auto is planning to build a second factory, most likely in Beijing, where the company is headquartered, local media iautodaily.com said on April 2, citing sources familiar with the matter.
Chinese firm's next-gen power battery seeks to challenge energy density bottleneck
Farasis Energy said it has developed and validated a next-generation electric vehicle battery with an energy density of 330Wh/kg, marking a challenge to the industry's widely held belief that lithium batteries have an energy density bottleneck upper limit of 350Wh/kg.
Xpeng's new sedan expected to be unveiled at Shanghai Auto Show later this month
The new car, rumored to be named the Xpeng P5, is expected to be slightly smaller and positioned below the Xpeng P7.
Neta sells 3,246 units in March, up 62 percent from February
Chinese electric vehicle company Neta said on April 1 that its March sales reached 3,246 units, up 62 percent from February and up 680 percent year-on-year.