EV Industry

Volvo announced on July 21 that it has reached an agreement with parent company Geely Holdings to acquire the latter's stakes in two joint ventures in China.

The business combination of the two is expected to close around July 21, 2021, and FF expects to receive about $1 billion in funding, according to the announcement.

In the first half of the year, China's exports of automobiles and parts amounted to $50.78 billion, up 66.2 percent year-over-year.

Hebei plans to build 25 hydrogen refueling stations by 2022, and the demonstration operation scale of fuel cell buses and logistics vehicles will reach 1,000 vehicles.

The company's stock has fallen about 80 percent since the Shanghai auto show on April 19.

Chinese smartphone maker Meizu recently disclosed a patent related to driver driving status detection with an application date of April 2021.

These features include finding and navigating to charging stations, charging route planning, long-distance service area charging alerts, and scanning QR codes for charging.

Chinese self-driving mobility company WeRide has acquired self-driving freight startup MoonX for an undisclosed amount, according to an announcement from WeRide on Tuesday.

TuSimple recently launched its vehicle-building project Turing Auto and established two subsidiaries for this purpose, according to local media outlet Auto-Bit.

WM Motor's SUV W6 has received its first OTA update to support 11 popular vehicle remote control functions.