Industry News

Ford terminates agreement to build new energy joint venture with Zotye

Ford China has terminated its agreement with Chinese automaker Zotye to build a new energy joint venture, as it cannot be continued after significant changes in China's pure electric vehicle industry and related policies.

ARK's Cathie Wood says Baidu to build China's most promising EV company

Nio is a company that is replacing charging with battery swap, and it could win the day, she said.

Huawei registers car-related trademarks

Chinese tech giant Huawei registered two driving-related trademarks - MATEDRIVE and MATEAUTO on January 28, both classified as scientific instruments and transportation tools, according to data provider Qichacha.

Evergrande starts winter testing of its vehicles in -35°C environment

Evergrande NewEnergy Vehicle Group, the car making arm of China's biggest property developer China Evergrande, started winter testing of its first production vehicle, the Hengchi 1, in the cold environment of northern China's Inner Mongolia.

Former CEO of GAC Nio creates new NEV brand

Liao Bing, founder and former CEO of Chinese automaker GAC Nio, has launched a new new energy vehicle brand, "Ziyou Auto", which literally means "Free Auto".

GAC Aion sells 7,356 units in January, up 145% year-on-year

For the full year of 2020, the Aion S, Aion LX and Aion V have accumulated sales of 60,000 units, up 42.9% year-on-year, and entered the top 10 in the rankings of China's new energy vehicle sales.

China's top-selling electric car seen in Europe

Selling at 9,999 euros in Europe would mean that this is about RMB 777,765 yuan, more than twice as much as the price in China.

Huawei, BAIC New Energy reportedly to unveil jointly made model in April

Huawei and BAIC New Energy's jointly-built model will be announced in April this year and launched in November, cls.cn quoted BAIC New Energy sources as saying.

Mazda said to launch pure electric models for Chinese market in Q3

Japanese automaker Mazda is said to put into production an all-electric model for the Chinese market in June this year and launch it in the third quarter, according to a Chinese auto industry website.

Ming-Chi Kuo expects Apple Car to be released in 2025 at earliest, and will be very expensive

Tianfeng International analyst Ming-Chi Kuo expects the Apple Car to be released in 2025 at the earliest and will be very expensive because of its high-end positioning.
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