Baidu is in hiring spree for its car-making arm
Headhunters are recruiting for Baidu to build cars, this time for a mid-level cadre, Sina Tech reported Tuesday, adding that the joint venture is likely to be set up in Shanghai.
CICC expects Nio to see strong demand ahead of Chinese New Year
Nio announced January deliveries of 7,225 units, which China's top investment bank CICC believes is in line with the company's planned monthly capacity of 7,500 units, indicating strong consumer demand.
Kandi subsidiary signs contract to supply 3,000 EVs to ridesharing partner
Chinese electric vehicle manufacturer Kandi Technologies Group announced on January 28 that one of its subsidiaries has signed a sales contract for 3,000 K23 pure electric vehicles with Zhejiang Ruiheng Technology.
Tesla blames China’s power grid for vehicle failure and then apologizes
Tesla blamed State Grid of China for a vehicle charging malfunction, a common practice that brings the US electric car company back into the spotlight by first skimming off the blame in the face of problems.
VOYAH FREE, a Li ONE competitor, begins trial production
The mid-size SUV is already available for reservation and is expected to be delivered in the third quarter of this year, with an expected price of no more than RMB 400,000 ($61,900).
SAIC-GM-Wuling says its cumulative sales of small EVs exceed 300,000 units
Among them, Hongguang Mini EV, the best-selling model, has exceeded 150,000 units in six months after its launch, and won the top spot in China's new energy sales for four consecutive months from September to December 2020.
Geely’s premium brand Lynk & Co’s Model 3 competitor begins trial production
The Lynk ZERO Concept offers both single and dual motor drive options, with a 0-100km acceleration time of less than 4s and an NEDC range of over 700km.
Geely-Foxconn joint venture could produce vehicles for Faraday Future in China
As a financial investor, Geely also participated in a small investment in the FF SPAC IPO.
Nio’s William Li says high market cap puts more pressure on the EV maker than 2019
Nio shares rose 1,286 percent the past year to a current market capitalization of $91 billion, crossing Daimler as the fifth-highest market capitalization car company in the world.
BMW slashes price of iX3 electric SUV by $10k to take on Tesla Model Y competition in China
BMW announced on January 27 that it is adjusting the price of its all-electric SUV, the BMW iX3, in a move believed to be a response to the Tesla Model Y's pricing in China to secure sales.