SAIC abandoning EV unit Rising Auto, report says
Employees at Rising Auto are expected to be laid off by more than 70 percent, while the remaining employees are likely to get a pay cut, according to local media.
Nio to officially launch Onvo brand in May, explains meaning of name
Nio confirmed the Onvo name and said the brand's official launch is expected in early-mid May.
Nio revamps BaaS, a key car-buying option for reducing initial costs, amid fierce price war
Nio has dramatically restructured its BaaS battery rental option in an attempt to make its cars more attractive in the face of fierce price competition, though emphasizing that it's not a response to the ongoing price war.
Nio signs deal with CATL to jointly develop long-life batteries
CATL will also plan and develop battery systems of longer service lives for Nio's upcoming models.
VW Anhui files for 1st model ID.UNYX
Volkswagen Anhui is majority-owned by Volkswagen and is its first joint venture in China focused on NEVs.
Xpeng's 2 remaining co-founders exit from core management team
The remaining two of Xpeng's three co-founders have exited from the core management team, with the team led by chairman and CEO He Xiaopeng taking full reign of the company.
China's NEV retail at 154,000 in Mar 1-10, up 64% from same period last month
Retail penetration of NEVs in China rebounded to 43.38 percent in the March 1-10 period.
From empty land to parked cars: Satellite images show how fast Xiaomi's EV plant was built
The Xiaomi EV factory, which started construction in April 2022, has seen an increasing number of vehicles parked in the parking lot in the last ten days.
Nio Alps' official name could be Onvo; camouflage-free spy shots revealed
Two uncamouflaged spy photos of a model allegedly under Nio's second brand are circulating on social media today, with the rear end showing the vehicle's English brand name as Onvo.
Nio's 2024 models see shorter wait times
The ET5 and ES7 had the longest wait times at 7-8 weeks and 8-9 weeks, respectively, while the ET5 Touring, ES6, EC6, EC7, and ES8 all had 2-3 weeks.
