Phate Zhang

The manufacturing site will be used to produce the flying body portion of Xpeng Aeroht's modular flying car, with a planned annual capacity of 10,000 units.

Svolt said it had to make the decision after the development of the European EV market failed to meet the expectations of all stakeholders.

Former Nio CFO Steven Feng has joined US-sanctioned surveillance camera maker Hikvision, after leaving the EV maker in early July.

A BYD executive expects the Shark to sell between 10,000 and 15,000 units annually in Brazil, which would make it a top 5 midsize pickup in the country.

The EU and China have agreed to hold further technical negotiations soon on possible alternatives to tariffs on China-made EVs, at a time when additional tariffs are due to come into force next week.

The new mid-to-large-size SUV will be a key weapon in Onvo's drive to boost deliveries next year, a local media report said.

CATL has launched the Freevoy battery for hybrid vehicles, which offers a range of more than 400 kilometers and supports 4 C fast charging, allowing hybrid vehicles to deliver a BEV-like experience.

Xpeng will hold this year's tech day event on November 6, changing from its regular practice of holding the event on October 24 each year for the past five years.

Xiaomi unveiled the SU7 Ultra prototype in July with 1,548 horsepower. It had previously said that the official launch of the production version of the SU7 Ultra would be in the first half of 2025.

Tesla said it expects to achieve slight growth in vehicle deliveries in 2024 despite ongoing macroeconomic conditions.