Industry News
Faraday Future announces nearly $100 million in debt financing
US-based electric car company Faraday Future (FF) announced Friday that it has raised nearly $100 million in debt financing led by Ares with participation from existing lenders including Birch Lake.
'Xiaomi Motors' trademark registered by another firm even before Xiaomi decides to build cars
Xiaomi has yet to officially announce its intention to start building cars, the trademark for "Xiaomi Motors" has been registered by another company.
Xiaomi exec dismisses report that it's teaming up with Great Wall to build cars as fake news
Earlier today, it was reported that Xiaomi was in talks with Great Wall Motor to use its factory to build electric cars. In response, a Xiaomi executive dismissed it as fake news.
Xiaomi reportedly in talks with Great Wall to use its factory to build electric cars
The report said Xiaomi's electric car would target the mass market, in line with the company's overall positioning for electronics.
China's new energy passenger car sales expected to reach 2 million units this year
Sales of all new energy vehicles are expected to reach 2.2 million units this year, up 900,000 units from last year.
Evergrande Auto has invested $7.25 billion to build cars
Evergrande Auto, the car-making business of China's largest real estate company, has invested RMB 47.4 billion ($7.25 billion) to build new energy vehicles, the company said in its annual financial report released March 25.
Geely says its in-house developed central control chip will be assembled on board in 2023
Geely Auto started laying out its chip strategy in 2019, and the in-house developed central control chip will be assembled on board in 2023, the auto giant said.
Former Byton CEO reportedly to join Evergrande Auto
Dai Lei, former CEO and co-founder of Chinese EV startup Byton, will take a position at Evergrande Auto.
BAIC New Energy recalls over 30,000 EVs due to potential battery fire hazard
BAIC New Energy Changzhou, BAIC Motor, and BAIC Guangzhou Automotive plan to recall 31,963 electric vehicles due to a fire hazard in the batteries they carry.
Horizon Robotics expects to ship one million of its auto AI chips this year
Chinese chip company Horizon Robotics is on track to ship a million automotive AI chips this year, up from 160,000 in 2020, the company said Tuesday.
