EV Industry
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Faraday Future named as 'New EV Scam' in short-selling attack
"We don't think Faraday Future (FFIE), an EV SPAC, will ever sell a car. "
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WM Motor expects to raise $500 million in new financing
This includes $300 million in Series D1 financing and $200 million in Series D2 financing, which is expected to accelerate the company's overseas IPO.
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WM Motor sold 5,005 vehicles in Sept, up 115.8% year-on-year
As one of the most talked about new car makers in China, WM Motor has been questioned for lagging behind its peers as it previously stopped releasing sales figures.
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Geely chairman's phone-making company officially established
The company will be headquartered in Wuhan and aims to make high-end smartphones to serve the global market.
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Geely aims to have 5,000 battery swap stations by 2025
Unlike Nio, which offers battery swap technology to the general consumer, Geely's battery swap stations are aimed at the cab market.
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Chinese market regulator fines auto chip dealer RMB 500,000 for sharp price markup
Earlier this month, three auto chip dealers were fined a total of RMB 2.5 million for inflating the price of auto chips.
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While phone makers covet auto market, Geely rumored to have opposite plan
Geely is reportedly planning to enter phone making sector and has already started a talent hunt, with offices to be set up in Wuhan, Shanghai, and even overseas.
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Jidu, Baidu's car-making arm, has started developing smart driving features based on simulation prototype
Jidu is front-loading the development of smart cockpit features, smart driving to improve R&D efficiency, and has been working with Baidu's Apollo team on these features.
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Maker of Mini EV to unveil even smaller model called Nano EV on Sept 29
The Mini EV is small enough, but it still has a four-seat layout. Now its maker is releasing an even smaller model with only two seats.
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Geely plans to release new energy concept truck with self-driving support this year
Geely's concept heavy truck will support a variety of new energy sources, including pure electric, hybrid with extended range technology, and methanol.
