Leapmotor secures $84.3 million strategic investment from local govt funds
This is the latest investment Leapmotor has received after announcing a 1.5 billion euro investment from Stellantis on October 26, with the subscription price a 70 percent premium to its closing price in Hong Kong today.
Xpeng has solid new models pipeline for 2024-2025, says BofA
The Xpeng brand will have a total of 10 models based on the SEPA 2.0 platform, many of which will be launched in 2024-2025. The Mona project's A-class sedan is scheduled for launch in the second half of the year.
Chinese startup Newrizon begins exporting battery swap-enabled electric trucks to Middle East
Newrizon, founded by a former Nio senior vice president, announced in February 2023 that it had secured more than RMB 100 million in Series B+ funding from Nio Capital.
Tesla importing cell parts from China to expand 4680 battery capacity, report says
Tesla began purchasing cathode coils from two second-tier Chinese battery makers in the second half of 2023 and shipping them to its Texas factory in the US to produce 4680 batteries, according to local media.
Chinese lithium producer Ganfeng signs long-term supply deal with Hyundai Motor
Ganfeng will supply battery-grade lithium hydroxide products to Hyundai Motor under a contract valid from January 1, 2024 to December 31, 2027.
Tesla to display Cybertruck in China
Tesla in China is asking those interested to choose the city where they want the Cybertruck to make its debut, but the pickup may not be available for sale in the country for the foreseeable future.
China's major automakers gather in Beijing to discuss industry development, report says
The meeting covered topics including promoting the development of the NEV industry, boosting NEV consumption, and encouraging the expansion in overseas markets, according to local media.
SAIC's new car carrier makes maiden voyage, aims to add 14 vessels in 3 years
A new car carrier joins the fleet of SAIC's Anji Logistics, bringing the total number of vessels to 31.
Nio reportedly offering up to $5,560 off current models
There's no specific deadline for these discounts until the 2023 models are sold out. Nio will begin delivering 2024 models in March.
BYD to stop producing pouch batteries for its PHEVs over leak concerns, report says
BYD last month began converting its pouch-type battery cell production lines at two of its factories to produce prismatic batteries, but is still producing pouch cells at a third plant, according to Reuters.