EV battery maker Farasis Energy plans to raise up to $800 million for new project
The lithium battery project is located in Wuhu City, Anhui Province, and will achieve an annual production capacity of 12 GWh of power batteries when it reaches production.
SAIC-GM-Wuling debuts its computing chip
SAIC-GM-Wuling unveiled its computing chip at a launch event on September 15, saying its specifications have reached the technical level of similar foreign products.
China supports accelerated development of NEV industry, govt document says
China's Ministry of Commerce said it is working with relevant departments to carry out activities to bring NEVs to rural areas.
Nio's William Li says automakers should play bigger role in carbon neutrality
He said Nio is involved in building a world-class smart electric vehicle industry cluster in Hefei, with the main purpose of achieving low-carbon and sustainable development.
SAIC-GM-Wuling unveils mini battery swap station
The battery swap station takes up the area of the parking space needed for two Baojun E200s, which measurs just 2,497*1,526*1,616 mm.
CATL steps up efforts in overseas markets by partnering with BASF
CATL's first European plant is under construction in Germany and aims to localize the production of lithium-ion batteries, the company said.
SAIC aims to sell over 2.7 million NEVs globally by 2025
China's largest automaker SAIC Motor aims to sell more than 2.7 million new energy vehicles (NEVs) worldwide by 2025, accounting for at least 32 percent of its total sales.
China's new energy vehicles still face high costs, official says
The MIIT will work with relevant departments to accelerate coordination and promote the high-quality development of new energy vehicles.
Nio says its battery swap network now covers highway service areas from Beijing to major neighboring cities
Nio announced on September 16 that it has completed a network of battery swap stations in highway service areas from Beijing to all major neighboring cities.
GM reportedly leads investment in Chinese self-driving unicorn Momenta with $400 million
In 2017, Momenta received a Series B investment of $46 million led by Nio Capital, the venture capital arm of Nio.