Industry News
BMW slashes price of iX3 electric SUV by $10k to take on Tesla Model Y competition in China
BMW announced on January 27 that it is adjusting the price of its all-electric SUV, the BMW iX3, in a move believed to be a response to the Tesla Model Y's pricing in China to secure sales.
Faraday Future announces Nasdaq listing through merger with PSAC
At a subscription price of $10.00 per PIPE share, the transaction indicates an implied equity value of $3.4 billion for the combined company.
FF expects to sell more than 400,000 units in next five years, says FF 91 orders exceed 14,000
Faraday Future (FF) expects to sell more than 400,000 units over the next five years and has received more than 14,000 orders for its first flagship model, FF 91, the company said today.
Ford to build all-electric SUV Mustang Mach-E in China
Ford China announced plans on January 28 to build the Mustang Mach-E in China, an SUV based on Ford's world's first high-performance all-electric platform that will be built at Changan Ford, its joint venture with Changan Automobile.
Faraday Future could go public in US on Friday through merger with a SPAC
Chinese automaker Geely will act as an anchor investor, with the deal valuing Faraday Future at about $2.7 billion.
MARVEL R, SAIC's electric SUV with 5G connectivity, to be launched on Feb 7
MARVEL R has the necessary qualifications for commercial use of 5G technology and becomes a real 5G smart car that can be driven on the road.
Chinese ministry urges addressing shortened electric vehicle range in winter
China's Ministry of Industry and Information Technology (MIIT) has urged vehicle and battery manufacturers to research to improve the driving performance of electric vehicles in cold weather in order to improve user experience.
Chinese city Zhuhai reportedly invests $300 million in Faraday Future
Chinese state-owned capital from the city of Zhuhai has invested RMB 2 billion($300 million) in Faraday Future's (FF) latest funding round, Sina Tech reported Wednesday, adding that the investors could also bring policy support to the company.
Chinese e-bike maker soars 350 percent on NASDAQ debut
Chinese e-bike maker EZGO Technologies jumped 352.75 percent on its first day of trading on the NASDAQ on Tuesday, triggering three meltdowns.
Will OPPO be next tech giant to enter car-making industry?
OPPO has applied for car-related patents including "collision avoidance alert", "vehicle control", "vehicle positioning" and "distance measurement method", indicating that it may also be entering the car sector.
