Industry News
Chinese EV startup Qiantu taps Malaysian market with 3 models
Qiantu showcased and started the pre-sale of Qiantu K50, Qiantu K25 and Qiantu K20 in Malaysia, among which Qiantu K25 made its global debut.
Toyota unveils electric sedan bZ3 with BYD battery and motor in China
The sedan was jointly developed by Toyota, BYD and FAW Toyota, with the motor and battery coming from BYD.
Jidu sees 1st validation prototype of ROBO-01 roll off line
While vehicle hardware development is underway, Jidu has begun testing its assisted driving system in city and highway scenarios in Shanghai in October.
China's Oct retail sales of NEVs expected to be 550,000 units, CPCA says
In terms of retail sales, the penetration rate of NEVs in China is expected to be about 28.8 percent in October, down from 31.8 percent in September.
WM Motor reportedly cuts employees' salaries to ease financial strain
Starting in October, WM Motor is paying only 70 percent of normal salaries to regular employees and 50 percent to management, according to local media.
Former Huawei smart driving veteran Su Jing reportedly joins VW's JV with Horizon Robotics
Su Jing, a former Huawei executive and self-driving industry veteran, has joined Volkswagen's joint venture with Horizon Robotics, according to local media.
Great Wall Motor to set up chip-making unit
Great Wall Motor will set up a chip company with its chairman that may involve chip development in the areas of IGBTs, autonomous driving and smart cockpit.
Polestar enters into strategic partnership with Industrial Bank in China
The two will cooperate globally in credit financing, retail lending, and international business.
GAC Aion closes Series A funding round, valued at over $14 billion
GAC Aion has brought in 53 strategic investors, paving the way for a possible IPO next year.
BMW to expand its battery production facility in China, report says
The battery production center is BMW's third in the world and its first outside Germany.