EV Industry

Volvo Cars announced yesterday that it will invest $1.1 billion in upgrades to its plant in Sweden, a key one of which is the introduction of a large casting process.

With China now having three times as many NEVs as charging facilities, the difficulty of charging was once again highlighted during the holiday season.

Rather than developing its first model from scratch, Eezi Tech has chosen to have other OEMs build it for it.

After being overtaken by Europe in 2020, China regains its position as the largest contributor to global new energy passenger vehicle sales in 2021.

A CSRC official met with executives of Western banks, saying China and the US are making progress in coordinating regulations governing New York-listed Chinese companies, according to Reuters.

At the end of August last year, Lotus received an investment from Nio Capital and announced plans to launch four all-electric vehicles within five years.

The funding round, from Baidu and its strategic partner Geely, will help JiDU accelerate the development and mass production of its first robot car.

The joint venture will build a smart battery swap ecosystem based on in-house developed technology to provide competitive products and services, said Geely.

Rox Motor received $100 million in financing in late 2021, with Tencent's investment amounting to more than $50 million, according to local media.

Tesla Model Y and Model 3 both sold more than 20,000 units in Shanghai in 2021, making them the most popular models among local residents. The Nio ES6 is ranked fifth with 6,228 units.