Industry News
WM Motor cuts employee salaries to cope with financial pressure, internal letter shows
The Covid epidemic, rising raw material costs, and untimely parts deliveries have severely impacted WM Motor's production and operations, said WM Motor's CEO.
Audi tells Chinese consumers: We also have EV offerings!
While this may be the act of just one dealer, it demonstrates the low acceptance Audi faces in the Chinese EV market.
Kia launches EV offensive with opening of its 1st City Store in China
Kia's first City Store in China is located in a central business district in Xi'an, and its all-electric EV6 will be one of the first models to be showcased at the store.
Jidu teases its second model, possibly a sporty coupe
Judging from the image, Jidu's second model will probably be a sporty coupe with large dimensions.
Regulatory filing: Buick Electra all-electric SUV not far from launch in China
Buick's all-electric Electra is a 5-seat mid-to-large-size SUV with a single motor delivering 180 kW of peak power.
Self-driving chip maker Black Sesame enters strategic partnership with ZTE
The two will work together to build an automotive software and hardware platform and jointly promote the establishment of an automotive electronics ecosystem alliance.
Voyah closes Series A funding at valuation of about $4.2 billion
The latest market capitalization of Nio, Xpeng Motors and Li Auto are now $17.8 billion, $6.9 billion and $18.5 billion, respectively.
Geely signs deal to license SEA architecture to ElectroMobility Poland
ElectroMobility Poland's Izera brand will build a variety of electric vehicles based on the platform, the first of which will be a compact SUV.
Regulatory filing: Smart's second EV, Smart #3, coming soon
Smart #3 will be longer and wider than Smart #1, but lower.
US regulators get 'good access' in reviewing Chinese firms' audits, report says
This is a key step in resolving a long-running bilateral dispute, a Reuters report said.