Industry News

Faraday Future sues HiPhi founder in China for alleged trade secret infringement

Faraday Future seeks monetary damages and demands that HiPhi's parent company, Human Horizons, immediately stop infringing on its trade secrets related to the FF 91. ...

China's Feb NEV wholesale at 450,000, down 34% from Jan, CPCA estimates show

February sales in China's auto market are expected to be the lowest of the year, the CPCA said. ...

GAC Aion adds new trim to Aion Y Plus, drops price by 17%

The new Aion Y Plus starts at RMB 99,800, RMB 20,000 lower than the previous entry-level price. ...

IM Motors secures over $1.1 billion in new financing

The financing will be used for next-generation model development, smart driving technology development and entry into overseas markets. ...

Chery's new iCAR brand launches 1st EV model iCAR 03, prices start at $15,260

The iCAR 03 has a boxy look, and Chery said it's a car for young people. ...

China's NEV retail at 283,000 in Feb 1-25, down 44% from same period last month

Retail sales of all passenger vehicles in China for the period February 1-25 were 861,000 units, down 25 percent year-on-year and down 43 percent from the same period last month. ...

Chinese EV makers' CEOs react to Apple's reported ditching of EV effort

Bloomberg reported that Apple is canceling its decade-long EV-making effort. CEOs of EV makers including Xpeng, Li Auto, Xiaomi, and Jiyue have expressed their views. ...

HiPhi in touch with Changan for takeover talks, report says

HiPhi began production halt on February 18 -- the first working day after the Chinese New Year holiday -- sparking fears about its fate. ...

IM Motors hints at shooting brake model as Zeekr launches refreshed 001

More EV makers are betting that the shooting brake style will become a new trend in China. ...

Polestar begins Polestar 3 production in China

Production of the Polestar 3 has begun in Chengdu, China, with additional production expected to begin in the US in mid-2024, Polestar said. ...
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