Phate Zhang

Rising Auto will invest RMB 20 billion ($3.16 billion) over the next five years and will focus on the mid- to high-end NEV market priced at RMB 200,000-500,000.

BYD's fuel economy-focused Han DM-i, and performance-focused Han DM-p models will soon be available for pre-order.

Construction of Volkswagen Anhui's MEB plant started in April 2021, with more than 70 percent of the building construction already completed.

Nio has 25 battery swap stations in Guangzhou, covering all 11 districts of the city.

Li Auto will form a joint venture with SiC chip maker Sanan Semiconductor and hold a 70 percent stake in the company, a regulatory filing shows.

A government document has issued measures to address issues that many EV users are currently complaining about, including a focus on "zombie charging piles".

The Black Cat and White Cat models are causing Ora huge losses, with the Black Cat losing more than 10,000 yuan ($1,580) for each unit sold.

"We know our competition is Nio and Tesla, and we have to beat them, not match them," Ford CEO Jim Farley said.

The project is expected to reach full design capacity in about a year, a BYD Semiconductor executive said.

The model is aimed at the mobility market and was jointly developed by Livan and Geely's ride-hailing subsidiary Cao Cao Mobility.