Foxconn ramps up efforts in NEV industry with new investment
Foxconn said one of its subsidiaries signed an agreement with HengDrive, a motor manufacturer, to acquire a 63 percent stake in the latter for about RMB 378 million ($60 million).
Nio says over 34% of users have swap stations within 3-km radius
The percentage increased by 3.48 percentage points from 30.86 percent at the end of July and by 14.02 percentage points from 20.32 percent at the end of January.
Nio's swap stations reach 428, with 87 new ones added in Aug
As of September 3, Nio has 428 battery swap stations, 291 supercharging stations, 499 destination charging stations, and access to over 400,000 third-party charging piles.
Neta signs deal with AI chipmaker Horizon, aims to release jointly built model next year
Neta is currently targeting the affordable market, though a series of recent moves suggest it could launch more competitive models next year.
Tesla said to aim for $25,000 electric car release in 2023
Musk linked the launch of the new model to Tesla achieving a deployable full self-driving system, even asking employees, "Do we want to have this car come with a steering wheel and pedals?"
Nio now has an exclusive vineyard in France
Providing lifestyle services to vehicle owners is one of Nio's most important endeavors outside of vehicle sales, and now the company has made a new move.
Evergrande says it has completed summer testing of five models
A total of 53 vehicles of five models were tested at the same time, according to Evergrande.
Chinese regulator takes steps to help automakers cope with chip shortage
In the face of a growing chip shortage, the industry's regulator in China is taking action in addition to car companies finding their own ways to deal with it.
Lotus Technology, owned by Geely and backed by Nio, appoints ex-Jefferies exec as CFO
Lotus Technology announced on August 31 that it had received an investment from Nio Capital, the venture capital arm of Nio.
Wuling says Mini EV cumulative sales top 370,000, unveils two new color options
The Hongguang Mini EV offers 120km, 170km NEDC range options and are priced at RMB 37,600 ($5,820) and RMB 43,600 respectively.