EV Industry
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Chinese EV startup Niutron still hopes to start delivering vehicles next year
Niutron's founder is currently approaching new production partners in a bid to resolve production issues and hope to start deliveries in the first half of next year.
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China retail sales of passenger NEVs in Nov at 598,000, CPCA data show
At retail, NEVs reached a record 36.3 percent penetration rate in November.
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Faraday Future to source LiDARs from Nio supplier Innovusion
Faraday Future has selected Nio supplier Innovusion's Falcon LiDAR to power the FF 91's autonomous driving system.
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Chinese EV startup Niutron to refund all consumers in major setback to its car-making efforts
Niutron's first model, the Niutron NV, went on sale only on October 8 and had received 24,376 orders.
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WM Motor plans backdoor listing in HK to solve financial woes, report says
WM Motor plans a backdoor listing through a reverse takeover of Apollo Future Mobility Group, which is already listed in Hong Kong, according to local media.
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China's Nov wholesale sales of passenger NEVs hit record 732,000, CPCA estimates show
Demand in China's NEV market has held steady amid high international oil prices, the CPCA said.
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Evergrande NEV reportedly halts mass production of its only model due to lack of orders
Evergrande NEV has suspended mass production of its sole model, the Hengchi 5, due to a lack of sufficient new orders, according to Reuters.
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Evergrande's EV brand Hengchi begins layoffs and salary cuts to cope with financial difficulties
Hengchi's previous staffing structure was based on the company's need to develop nine models simultaneously, according to local media.
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Thai EV firm reportedly plans to buy 150,000 EVs from Chinese startup Aiways
This is the biggest partnership so far reached by a new Chinese car maker overseas, local media said.
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Chinese auto chip maker SemiDrive closes $140 million Series B+ financing
SemiDrive currently has four series of products with an annual output of one million chips.
