Industry News

Geely to build $1.6 billion LFP battery facility in Hunan

The project's ten-year total output is expected to be RMB 70 billion, and the ten-year total output after completion of the first phase is expected to be RMB 30 billion.

Geely's ride-hailing arm Caocao reportedly gets RMB billions in new funding

If it is true, the financing would be the first local equity financing in China's ride-hailing industry in 2021, an ice-breaking move after the crackdownon Didi Chuxing.

SAIC says it sold over 280,000 NEVs in H1, up over 400% from a year earlier

SAIC sold about 260,000 units overseas in the first half, up nearly 100 percent year-over-year, the company said.

GAC Aion reportedly to launch its super-fast charger on Aug 30

GAC Aion will officially launch its A480 supercharger matched with graphene-based fast-charging batteries on August 30, cls.cn quoted people familiar with the matter as saying Friday.

Hefei, where Nio China is headquartered, plans to introduce new policies to promote NEV industry

Hefei, home of Nio's China headquarters, released a new energy vehicle industry development plan on Friday that is expected to further boost the industry there.

SAIC ups its bet on smart driving for commercial vehicles

A wave of autonomous driving is sweeping China's auto industry, and commercial vehicles are being included.

Kaixin Auto to acquire EV maker to speed up its car-making ambitions

Kaixin Auto closed down 1.85 percent to $3.19 on Thursday. The stock rose about 88 percent since August 5.

OPPO leads $15 million funding round for auto chip company

OPPO's entry into the car-making business has become an open secret, as more investment by the company in the automotive sector is reported.

SAIC reports revenue of $55 billion in H1, up 30% year-over-year

SAIC's first-half net profit attributable to shareholders of the listed company was RMB 13.31 billion, up 58.61 percent year-over-year.

Baidu Apollo launches self-driving routes in Beijing's Tongzhou District

Tongzhou was turned into the Beijing Municipal Administrative Center to restructure the spatial pattern of Beijing. It covers a total area of about 155 square kilometers.
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