Industry News
Chinese electric car startup Enovate Motors could release its second SUV in April
Chinese electric vehicle startup Enovate Motors could launch the Enovate ME5, the company's second SUV, in April, eeo.com.cn reported Tuesday.
Baidu Apollo's commercial use gets major breakthrough as it gets new license to operate on toll basis
Chinese tech giant Baidu's autonomous driving platform Apollo has received a toll operating license in Cangzhou City, Hebei Province, marking the move from testing to commercial use on the first open road network across the downtown area in China.
FF 91 completes 2nd winter testing, paving way for launch in H1 2022
US-based electric car company Faraday Future (FF) announced on March 15 the completion of the second season of winter testing for the FF 91.
Evergrande Auto, Tencent set up JV to develop operating systems for cars
Evergrande Auto will hold a 60% stake in the joint venture and Phoenix Auto Intelligence, a subsidiary of Tencent, will hold a 40% stake.
Geely to invest $4.61 billion in power battery project
Chinese automaker Geely has signed an agreement with the government of Ganzhou City, Jiangxi Province, to invest RMB 30 billion ($4.61 billion) in a power battery project with a design capacity of 42 GWh per year.
Scooter maker Niu Technologies reportedly acquiring plant to enter EV sector
Chinese scooter maker Niu Technologies is said to be acquiring a BAIC BluePark New Energy plant in Changzhou, sparking discussions that it will also join the car manufacturing boom.
China produces 317,000 new energy vehicles in January-February, up 395% from last year
Auto production during the period was 3.855 million units, up 89.9 percent from the same period last year.
ID.4 CROZZ, FAW-Volkswagen's first electric SUV, to begin deliveries on March 20
The model is available in five versions, with a subsidized price range of RMB 199,900 ($30,745)–RMB 279,900. It is available in three NEDC range versions: 400km, 500km, and 550km.
CICC expects Chinese EV trio's stock price to go upward, but cuts Nio and Li Auto price targets
CICC cut its price target on Nio by 27% to $62 from the previous $85, saying this is due to the pullback in Tesla as a "valuation anchor" for EV makers. It also lowered its price target on Li Auto by 12.5% to $35 from $40.
Huawei achieves mass production of its own electric vehicle motors
The permanent magnet synchronous motor model TZ210XY584 has a peak power of 230kW, which is close to the highest level of the MIIT new energy model recommendation catalog.
