Nio secures $1.1 billion investment from Abu Dhabi fund
The investment will further strengthen Nio's balance sheet to power its continuous endeavors in accelerating business growth, driving technological innovations and building long-term competitiveness, said William Li.
Leapmotor partners with ZF to develop smart chassis
Leapmotor will enter the European market, and ZF will use its branding in Europe to help the NEV maker.
Xpeng signs partnership deal with home appliance giant Midea's auto parts unit
Midea's automotive parts division, Welling, will provide thermal management products, including electric compressors, for the entire Xpeng model line.
China NEV insurance registrations for week ending Jun 18: Tesla 14,500, Li Auto 7,800, Nio 2,000
Nio was 2,000 units last week, higher than the previous week's 1,500 units. From June 1 to June 18 Nio sales were 4,800 units.
BYD launches 2023 Song Plus at lower prices than pre-sale
All versions of the 2023 Song Plus are priced RMB 10,000 lower than the pre-sale.
Polestar partners with Geely's Meizu to make in-car operating system that caters to Chinese consumers
Polestar will own 49 percent of the joint venture, with Xingji Meizu holding the remaining 51 percent.
China may introduce NEV support measures soon
China's State Council Information Office will hold a briefing at 10 am Beijing time on June 21 on promoting the development of the NEV industry.
BYD Yangwang U8 expected to be officially launched in Aug
Yangwang will have separate sales channels from BYD and is in the process of building its first stores in 16 cities, and they are expected to start trial operations gradually in August.
Li L7 sees single-day sales of over 1,000 units, says Li Auto CEO
The Li L7 is a model that was nearly canceled during development, according to Li Auto CEO Li Xiang.
Li Auto Family Tech Day: 1st BEV named Li MEGA, aims to be top seller above $70,000 in China
"We are confident that it will be the No. 1 seller of all passenger cars priced at RMB 500,000 ($70,160) or more, regardless of energy form and regardless of body form," Li Auto said.
