Phate Zhang

Skyworth Auto has signed a 10-year partnership agreement with Saudi Arabia's KAG, with the first phase of a five-year partnership having a business plan worth RMB 10 billion ($1.38 billion).

Tesla is escalating the scale of layoffs in China, with more cuts starting earlier this week, extending mid-April cuts, according to Bloomberg.

The joint venture is 51 percent owned by BYD's battery unit FinDreams, with local conglomerate Huaihai holding the remaining 49 percent.

Nio's 500,000th production car is an ES8, the most expensive of its available models, with a cumulative total of 81,740 units delivered by the end of March.

Xpeng has entered into a partnership with Australia's TrueEV, which will be its sole importer, distributor and retailer in the country.

One of the key reasons why Toyota is leaning towards adopting BYD's DM-i technology is that it is less expensive and relatively mature, according to local media.

Nio's first vehicle rolled off the line on May 27, 2018. It saw its 100,000th mass-produced vehicle roll off the line in April 2021, when Tesla CEO Elon Musk expressed his congratulations.

Nio and GAC will work together to establish a unified battery standard and jointly develop battery swap-enabled passenger cars and battery swap stations compatible with models from both brands.

Nio will officially launch sub-brand Onvo on May 15, with the new brand's first model to go on sale in the third quarter and deliveries to begin in the fourth quarter, according to local media.

The Chinese government will likely support Tesla's local testing of robotaxi, but did not immediately approve its widespread use of FSD features, according to local media.