SAIC to integrate IM Motors and Rising Auto's R&D teams to reduce costs, report says
The R&D teams of IM Motors and Rising Auto, and power battery, smart driving, and chassis technology programs, will be relocated to SAIC's R&D innovation headquarters, according to local media.
BYD Denza starts Z9GT pre-sales: Built on powerful e3 tech, starting at $47,620
The Z9GT will officially go on sale and begin deliveries in September, and its powerful performance and lower-than-expected prices mean Denza has high hopes for its sales.
EU unveils new proposed tariffs for EVs from China, 9% for Tesla
BYD, Geely, and SAIC all face slightly lower tariff rates than previously, while Tesla's 9 percent is well below the 20.8 percent indicated last month.
Xpeng sees gross margin improve further in Q2, net loss narrows
Xpeng reported revenues largely in line with expectations in the second quarter, with gross margin increasing sequentially for the fourth consecutive quarter and net loss narrowing slightly from the first quarter.
Avatr signs deal to become 2nd-largest shareholder in Huawei's auto unit Newcool
Newcool's business scope will cover full-stack solutions for smart cars and is expected to grow into China's largest smart car solution provider, analysts said.
Nio Power Up 2024: Infrastructure plans, new swap station plant, and more
Nio Power will build a new battery swap station manufacturing facility in Wuhan, targeting an annual capacity of more than 1,000 battery swap stations.
China EV insurance registrations for week ending Aug 18: Nio 3,300, Tesla 14,300, Xiaomi 2,600, BYD 78,500
Li Auto had 10,700 insurance registrations last week, Xpeng 2,300, Zeekr 3,500, Leapmotor 5,300 and Aito 5,600.
BYD enters Pakistan with 3 models, considers local plant
BYD has launched the Atto 3, Seal EV, and Sealion 6 in Pakistan and said it may open an NEV assembly plant in Karachi.
Xpeng Mona M03 launch event to begin at 7 pm Beijing Time on Aug 27
The Xpeng Mona M03 will have a starting price of no more than RMB 135,900 ($19,050), according to a previous poster from the company.
Avatr to acquire 10% stake in Huawei's parts unit Newcool for $1.6 billion
After the transaction, Avatr will hold a 10 percent stake in Newcool, while Huawei will hold 90 percent.