Industry News
Analysts say the era of smart cars has arrived
The era of smart cars is upon us as global commercialization of smart cars and autonomous driving accelerates in 2020, CITIC Securities said.
Baidu is in hiring spree for its car-making arm
Headhunters are recruiting for Baidu to build cars, this time for a mid-level cadre, Sina Tech reported Tuesday, adding that the joint venture is likely to be set up in Shanghai.
Kandi subsidiary signs contract to supply 3,000 EVs to ridesharing partner
Chinese electric vehicle manufacturer Kandi Technologies Group announced on January 28 that one of its subsidiaries has signed a sales contract for 3,000 K23 pure electric vehicles with Zhejiang Ruiheng Technology.
State Grid plans to spend $350 billion over next 5 years to upgrade its grid
China's state-owned electric utility State Grid plans to invest an average of more than US$70 billion annually over the next five years to upgrade its power grid to the energy Internet.
VOYAH FREE, a Li ONE competitor, begins trial production
The mid-size SUV is already available for reservation and is expected to be delivered in the third quarter of this year, with an expected price of no more than RMB 400,000 ($61,900).
About 50% of Faraday Future's funding comes from Chinese investors
US-based electric car company Faraday Future (FF) will receive $1 billion in funding through a US IPO, half of which comes from Chinese investors.
SAIC-GM-Wuling says its cumulative sales of small EVs exceed 300,000 units
Among them, Hongguang Mini EV, the best-selling model, has exceeded 150,000 units in six months after its launch, and won the top spot in China's new energy sales for four consecutive months from September to December 2020.
Geely's premium brand Lynk & Co's Model 3 competitor begins trial production
The Lynk ZERO Concept offers both single and dual motor drive options, with a 0-100km acceleration time of less than 4s and an NEDC range of over 700km.
Geely-Foxconn joint venture could produce vehicles for Faraday Future in China
As a financial investor, Geely also participated in a small investment in the FF SPAC IPO.
Faraday Future has raised $4.8 billion in total funding, second only to Nio
US-based EV maker Faraday Future (FF) has raised a total of 8 public financing rounds since its inception, totaling 30.96 billion yuan ($4.8 billion), second only to its Chinese peer Nio, according to data provider Qichacha.
