EV Industry

Tianfeng International analyst Ming-Chi Kuo expects the Apple Car to be released in 2025 at the earliest and will be very expensive because of its high-end positioning.

The era of smart cars is upon us as global commercialization of smart cars and autonomous driving accelerates in 2020, CITIC Securities said.

Headhunters are recruiting for Baidu to build cars, this time for a mid-level cadre, Sina Tech reported Tuesday, adding that the joint venture is likely to be set up in Shanghai.

Chinese electric vehicle manufacturer Kandi Technologies Group announced on January 28 that one of its subsidiaries has signed a sales contract for 3,000 K23 pure electric vehicles with Zhejiang Ruiheng Technology.

China's state-owned electric utility State Grid plans to invest an average of more than US$70 billion annually over the next five years to upgrade its power grid to the energy Internet.

US-based electric car company Faraday Future (FF) will receive $1 billion in funding through a US IPO, half of which comes from Chinese investors.

The Lynk ZERO Concept offers both single and dual motor drive options, with a 0-100km acceleration time of less than 4s and an NEDC range of over 700km.

As a financial investor, Geely also participated in a small investment in the FF SPAC IPO.

US-based EV maker Faraday Future (FF) has raised a total of 8 public financing rounds since its inception, totaling 30.96 billion yuan ($4.8 billion), second only to its Chinese peer Nio, according to data provider Qichacha.

At a subscription price of $10.00 per PIPE share, the transaction indicates an implied equity value of $3.4 billion for the combined company.