Industry News
Another Chinese EV maker to follow Li Auto in launching extended-range model
After Li Auto, another Chinese new energy vehicle startup is testing the waters of extended-range electric vehicles.
Geely unveils SEA architecture for EVs and new concept car with range of over 700 km
Geely Automobile Group on September 23 announced the Sustainable Experience Architecture (SEA) for pure electric vehicles. At the same time, the Lynk&Co ZERO concept, the first all-electric luxury coupe based on this architecture, made its public debut, and it will go on sale in mass production in 2021.
Tesla opens Chengdu-Lhasa charging route, allowing Chinese car owners to drive into Lhasa
Tesla said today that it has officially opened the Chengdu-Lhasa charging route with the opening of Tesla charging stations along China's National Highway 318, a route of approximately 2011 kilometers with two Supercharger stations and 11 destination stations, one for every 154 kilometers.
Nio's local rival WM Motor reportedly closes 10 billion yuan new financing round
Chinese EV maker WM Motor has completed its 10 billion RMB Series D round of financing, which was co-led by Shanghai State-owned Assets Investment Platform and Shanghai Automotive Industry Corporation (SAIC), with Baidu and SIG participating in the round, according to 36kr.com.
Why did GAC Nio set up a $1 billion fund?
About a month after announcing that it would focus on the "AI OS + eco-services" model instead of making money from selling cars, GAC Nio's brand new business model has seen new progress.
Didi said to partner with BYD to make ride-hailing EVs
Chinese ride-hailing giant Didi Chuxing is partnering with automaker BYD to produce customized electric vehicles for its transport business, Bloomberg reported citing people familiar with the matter.
CICC: Global new energy vehicles show inflection point of growth
Since the autumn, the global new energy vehicles to establish a growth inflection point, China investment bank CICC said, adding the medium- and long-term development path is clear.
New alliance formed in China to promote self-sufficiency in automotive chips
The China Automotive Chip Industry Innovation Strategic Alliance was officially established in Beijing on September 19, which is jointly supported by the Ministry of Science and Technology and the Ministry of Industry and Information Technology of China, and led by the China New Energy Vehicle Technology Innovation Center.
Chinese electric car startup ENOVATE launches its first car with 5 screens
Chinese electric car startup company ENOVATE launched its first product, the smart electric SUV ME7, in Shanghai on September 19.
SAIC-Volkswagen's new energy vehicle plant to start production in October with annual capacity of 300,000 vehicles
The new energy vehicle plant of SAIC-Volkswagen, a joint venture between Volkswagen Group and SAIC Motor, in Shanghai is scheduled to go into production in October 2020, and is currently the largest and most efficient pure electric vehicle plant in China.
