Toyota recalls over 200,000 vehicles in China for non-compliant adaptive cruise control system
They involve 116,551 Corolla vehicles produced by Tianjin FAW Toyota from August 2019 to July 2021 and 109,034 Levin vehicles produced by GAC Toyota from May 2019 to July 2021.
Tesla said to seek significant EV import tariff cut in India
India currently charges a 100 percent tariff on cars over $40,000, while Tesla's US website shows that only the Model 3 Standard Range Plus is priced below that figure.
Volkswagen expects its EV sales in China to soar in H2
Volkswagen expects its ID series of electric cars to see a sales surge in China in the second half of this year, Reuters reported on Thursday, citing Volkswagen Group CEO Herbert Diess.
Self-driving startup CalmCar closes $150 million Series C funding round
CalmCar, a Chinese startup self-driving technology provider, announced on July 22 that it closed a Series C round of funding of approximately $150 million and plans to launch an IPO in 2022.
Tesla could generate $25 billion in annual revenue by opening charging network to other EVs, Goldman Sachs says
Tesla CEO Elon Musk recently said the company plans to open its Supercharger network to other electric vehicles (EVs) later this year. In the eyes of analysts, the move is expected to significantly boost the company's revenue.
Porsche recalls 5,957 Taycan EVs in China due to risk of loss of power
Porsche is recalling thousands of electric vehicles in China due to the risk of loss of power, becoming the latest company to announce a recall in the Chinese market.
Nio puts two new battery swap stations into operation, bringing total to 316
As of July 23, Nio has 316 battery swap stations, 213 Supercharging stations, 396 destination charging stations, and access to over 380,000 third-party charging piles in China.
Power battery maker Eve Energy to spend $380 million to add new production lines
Chinese power battery maker Eve Energy plans to spend RMB 2.45 billion ($380 million) on new production lines, according to an announcement made by the company on Thursday.
Nio ramps up hiring in Europe, confirms Amsterdam as EU headquarters
Nio appears to be setting out to accelerate its expansion in Europe, as the company has begun hiring for its positions in the Netherlands, following those in Germany.
Appliance maker Skyworth's first model to go on sale July 27
Chinese appliance maker Skyworth announced on Thursday that its first model, the midsize SUV Skyworth ET5, will go on sale on July 27.