BAIC BluePark says it has completed development of 2nd-gen solid-state battery cells
BAIC BluePark says its planned third-generation solid-state battery technology will be used in a new Arcfox-branded model with a cell energy density of 360Wh/kg.
Svolt Energy closes about $940 million in Series B+ financing
The funds will be used mainly to develop new technologies and build new production bases and R&D centers.
Deutsche Bank expects BEV sales in China to reach 5 million units next year
Edison Yu's team expects China's BEV penetration to be more than 40 percent by 2025, equivalent to about 10 million units.
Xiaomi subsidiary Smartmi reportedly jumps on car-making bandwagon
Smartmi's first model will be an SUV, and a car design firm has been approaching Smartmi about a car design, according to local media.
Xpeng reportedly secured over 3,000 single-day orders on Sunday as purchase benefits set to shrink
This is largely due to the fact that Xpeng's car purchase benefits for consumers will begin to be reduced on December 13.
Self-driving startup Pony.ai suspends driverless testing in California after traffic accident
Pony.ai's driverless vehicle was involved in a minor collision during routine testing in California, and the company subsequently voluntarily halted its unmanned testing in the state.
HiPhi, highest priced local Chinese EV brand, delivered 763 vehicles in Nov
HiPhi's first model, the HiPhi X, starts at RMB 800,000 ($125,600) for the four-seat version. By comparison, Nio's hot-selling Nio ES6 starts at RMB 358,000.
Deutsche Bank ups Li Auto price target to $34, maintains Hold rating
Edison Yu's team updated their sales forecast for Li Auto in 2022, expecting the company to deliver an average of 10,000 Li ONEs per month and 15,000 units of the new SUV next year.
Chinese EV startup Neta gets about $310 million credit line from local bank
The funds will be used primarily for the development of its smart cockpit and smart driving technologies, and the construction of the sales and service systems.
Lithium supplier Ganfeng unveils its first-gen solid-state battery
Dongfeng Motor's E70 model will be the first to use the battery and is expected to be delivered before the Chinese New Year, which arrives in early February.