EV Industry

Faraday Future (FF) expects to sell more than 400,000 units over the next five years and has received more than 14,000 orders for its first flagship model, FF 91, the company said today.

Chinese automaker Geely will act as an anchor investor, with the deal valuing Faraday Future at about $2.7 billion.

China's Ministry of Industry and Information Technology (MIIT) has urged vehicle and battery manufacturers to research to improve the driving performance of electric vehicles in cold weather in order to improve user experience.

Chinese state-owned capital from the city of Zhuhai has invested RMB 2 billion($300 million) in Faraday Future's (FF) latest funding round, Sina Tech reported Wednesday, adding that the investors could also bring policy support to the company.

Chinese e-bike maker EZGO Technologies jumped 352.75 percent on its first day of trading on the NASDAQ on Tuesday, triggering three meltdowns.

OPPO has applied for car-related patents including "collision avoidance alert", "vehicle control", "vehicle positioning" and "distance measurement method", indicating that it may also be entering the car sector.

WM Motor, Nio's local rival, will open the pre-sale of its recently announced mid-sized all-electric SUV WM W6 in March 2021.

Geely Holding plans to invest $30-40 million in FF, to be announced next week at the earliest.

Among them, two-wheeled vehicles, three-wheeled vehicles, and four-wheeled vehicles have all seen price increases ranging from a few dozen to a few hundred yuan, with four-wheeled vehicles' price increase being the largest.

Chinese new energy vehicle brand SERES launched the SERES SF5 Free Expedition version at its launch event on January 25, which is said to be the world's first mass-produced electric vehicle with a range of more than 1,000 km using extended range technology.