BYD to establish battery production base in northeastern Chinese city Changchun
BYD, the government of Changchun City in northeast China's Jilin Province and FAW Group signed an agreement on Wednesday for the new energy vehicle maker to establish a power battery production base in Changchun.
WM Motor to launch its first sedan, M7, within the year
The car will have powerful self-driving hardware with multiple LiDARs and 500-1000 TOPS of computing power.
Leapmotor's flagship SUV C11 to go into mass production in October
Leapmotor founder Zhu Jiangming said the company is confident in its self-driving technology and expects to achieve full-scene autonomous driving by 2024 and surpass Tesla within three years.
CATL signs deal with Chinese city to establish another headquarters
In addition to the new headquarters, CATL will also work with Yibin to build a production base, an industrial ecosystem, an international training center, a new energy academy and a new energy industry fund.
What do June's insurance registrations say about Nio, Xpeng, and Li Auto?
For car companies, insurance registrations are data that more accurately reflect sales, and this data for Nio, Xpeng Motors, and Li Auto in June reveals something interesting.
Half of Tesla's sales in China come from cities with restrictions on car purchases
Tesla Model 3 sales in China in June were 45.7 percent from cities with restrictions on car purchases, and for the Model Y, that ratio was 52.2 percent, according to a July 15 report from Essence Securities.
Leapmotor's plant gets vehicle production qualification
Leapmotor said Wednesday that its plant in Jinhua, Zhejiang province, has been qualified to produce new energy vehicles. That means the company's products can be produced under the name Leapmotor, rather than its OEM.
China's NEV penetration rate hit record high of 15% in June
That's up 3 percentage points from May and up 7 percentage points from 8 percent in January. The ratio was 11 percent in the first half of this year, an increase of 5 percentage points from 2020.
BYD sets up new firm in Shenyang, with business scope including battery sales
BYD established a new company in Shenyang, North China's Liaoning province on Wednesday, following the establishment of a new company in Hefei, Anhui province on July 12.
Leapmotor closes over $700 million Pre-IPO round of financing
Leapmotor will likely file for an IPO in the second half of this year and is expected to list on China's Nasdaq-style sci-tech innovation board, also known as the STAR market, in late 2021 or early 2022.
