Phate Zhang

Sunwoda EVB is seeking a new round of financing estimated at more than RMB 3 billion ($448 million), valuing it at RMB 20 billion, according to local media.

The latest 1200V 1040A SiC power module is BYD Semiconductor's highest power SiC module and will be used in higher power NEV platforms in the future.

Xpeng's cumulative deliveries surpassed 200,000 units this week, joining Nio as the next Chinese carmaker to reach the milestone.

Nio owners who refer a friend for a test drive this summer will have the opportunity to paint the walls of the company's battery swap stations.

According to Chinese policy, NEVs sold to corporate customers need to reach 20,000 kilometers of driving range within 2 years or they will not receive the purchase subsidy.

Alibaba-backed DeepRoute will provide self-driving medium-duty trucks to Deppon and they will provide the courier company with a year-long regular freight transit service.

CATL has equipped seven of its global production sites with 5G connectivity and aims to extend it to all 10 sites in the future.

Consumers who take delivery this year will receive a purchase subsidy of at least RMB 11,340.

Apple unveiled its next-generation CarPlay at the WWDC22 earlier this month, sparking widespread discussion in the automotive industry.

China is set to introduce extraordinary policies to address the risk of a lack of investment momentum in manufacturing downstream companies whose profits are being squeezed.