EV Industry

As a key component of new energy vehicles, IGBT is regarded as the core technology peak due to its difficult technology and large investment. Now, after BYD, another Chinese company is going to mass produce this product.

The team raises their 2025E NEV forecast from 6.6m to 8.3m units, representing about 35% penetration.

Chinese power battery maker Envision AESC will build a power battery factory in France with a total investment that may reach $2.9 billion, Bloomberg reported recently.

ByteDance, the owner of TikTok and its Chinese version Douyin, recently launched a logo called "Douyin Car" that sparked rumors that it might be involved in building cars.

It has a total installed capacity of 16 million kilowatts, second only to Three Gorges' 22.5 million kilowatts.

Good news for the global automotive industry hit by a global chip shortage.

"We're still debating and considering," said Peng, when asked about the time frame for a public share sale.

Geely said Friday it withdrew plans to list on China's Nasdaq-style sci-tech innovation board, also known as the STAR market, becoming the latest car company to do so after WM Motor.

FF is an electric car company founded by Jia Yueting, an entrepreneur who filed for bankruptcy in the US in October 2019 after accumulating billions of dollars in personal debt.

The new vehicle will be based on Geely's SEA architecture, the same as the Zeekr 001.