EV Industry
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FF 91 completes 2nd winter testing, paving way for launch in H1 2022
US-based electric car company Faraday Future (FF) announced on March 15 the completion of the second season of winter testing for the FF 91.
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Evergrande Auto, Tencent set up JV to develop operating systems for cars
Evergrande Auto will hold a 60% stake in the joint venture and Phoenix Auto Intelligence, a subsidiary of Tencent, will hold a 40% stake.
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Geely to invest $4.61 billion in power battery project
Chinese automaker Geely has signed an agreement with the government of Ganzhou City, Jiangxi Province, to invest RMB 30 billion ($4.61 billion) in a power battery project with a design capacity of 42 GWh per year.
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Scooter maker Niu Technologies reportedly acquiring plant to enter EV sector
Chinese scooter maker Niu Technologies is said to be acquiring a BAIC BluePark New Energy plant in Changzhou, sparking discussions that it will also join the car manufacturing boom.
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China produces 317,000 new energy vehicles in January-February, up 395% from last year
Auto production during the period was 3.855 million units, up 89.9 percent from the same period last year.
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CICC expects Chinese EV trio's stock price to go upward, but cuts Nio and Li Auto price targets
CICC cut its price target on Nio by 27% to $62 from the previous $85, saying this is due to the pullback in Tesla as a "valuation anchor" for EV makers. It also lowered its price target on Li Auto by 12.5% to $35 from $40.
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Huawei achieves mass production of its own electric vehicle motors
The permanent magnet synchronous motor model TZ210XY584 has a peak power of 230kW, which is close to the highest level of the MIIT new energy model recommendation catalog.
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Chip shortage affects about 5-10% of China's Q1 auto production, association says
Chip shortages are a major challenge for China's auto industry today, but their impact is limited and expected to ease soon, according to an industry association.
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China to further strengthen quality supervision of NEV industry
China will further strengthen quality supervision of new energy vehicles to promote the industry's development with higher quality, according to the official Chinese media Xinhua News Agency.
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China's February NEV sales up 584.7% year-on-year
Sales of pure electric vehicles in February were 92,000 units, up 580.0% year-on-year.
