Industry News
Dongfeng Motor's premium EV brand Voyah is attracting talent with super high salaries
Voyah has posted several positions with annual salaries exceeding RMB 600,000 ($92,881). By comparison, the average annual salary in Beijing in 2020 was RMB 77,560, official data showed.
Higher oil prices seen as boon to new energy vehicle industry
While attention is focused on China's fast-growing new energy vehicle industry, an unnoticed phenomenon is providing a new boost to the industry's growth - international oil prices have reached a nearly three-year high level.
Baidu's carmaking arm Jidu hires former Cadillac designer
Jidu Auto, the carmaking arm of Chinese search engine and AI giant Baidu, has hired former Cadillac executive Frank Wu to lead its design studio.
Founder of CATL, battery supplier to Nio and Tesla, becomes world's 30th richest person
Robin Zeng, 52, has a net wealth of $43.9 billion, according to the Forbes Real-Time Billionaires List, making his debut in the top 30.
After Nio EP9, China's hottest-selling EV to land in racing game
Bringing their models to games is an occasion for car companies to expand user awareness. After Nio, another Chinese company has done so.
After BYD, another Chinese company to mass produce automotive IGBTs
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.
Volkswagen to stop fuel car production in Europe by 2035 at latest, but a little later in China
Volkswagen will stop producing fuel-fired vehicles "a little later" in the United States and China, and even longer in South Africa and Africa.
Deutsche Bank raises NEV sales forecast for China by 2025
The team raises their 2025E NEV forecast from 6.6m to 8.3m units, representing about 35% penetration.
Chinese power battery maker to build new factory in France
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.
Great Wall Motor's premium EV brand to launch first product in 2022, targeting luxury segment
Great Wall Motor will launch the first product of the company's premium EV brand Saloon in 2022, positioning it as a luxury smart battery electric vehicle.