FF to begin trading on Nasdaq on July 22 as PSAC approves merger deal
The business combination of the two is expected to close around July 21, 2021, and FF expects to receive about $1 billion in funding, according to the announcement.
Li Auto donates about $1.54 million to flood-ravaged Henan Province
Li Auto donated 10 million yuan ($1.54 million) to Henan Province through the China Charity Federation, the company said on July 21.
Xpeng G3 OEM Haima's plant in Zhengzhou shut down due to flooding
Xpeng said the current situation will not affect the company's production and sales.
Nissan Zhengzhou production base temporarily shut down due to heavy rainfall and flooding
Nissan's production base in the capital city of Zhengzhou is in a state of temporary suspension due to heavy rains, yicai.com said Wednesday, citing a source from Nissan China.
China's auto and parts imports up 56.5% year-over-year to $48.3 billion in H1
In the first half of the year, China's exports of automobiles and parts amounted to $50.78 billion, up 66.2 percent year-over-year.
Great Wall Motor reports strong H1 performance, shares rise by daily cap of 10%
For the first half of 2021, Great Wall Motor reported revenue of RMB 62.159 billion ($9.6 billion), up 73 percent year-over-year, according to figures the company announced on July 20.
Power battery maker Gotion to build 20 GWh production base in Hefei to supply unified cells to VW
The project is expected to cover 500 acres and will be built in phases. In the first phase, the company will build 10 GWh of battery capacity, with production scheduled to begin 18 months from the start of construction.
Tesla to open Supercharger network to other EVs within the year, Musk says
Tesla will open its Supercharger network to other electric cars within the year, the company's CEO Elon Musk said on Twitter on Wednesday.
Nio's software VP jumps ship to join GM
Car-making startups with a strong focus on software has become targets for traditional car companies to poach talents.
SAIC plans to invest about $310 million in fuel cell heavy truck sector
SAIC Motor, China's largest local automaker, announced on July 20 that it has signed an agreement with Inner Mongolia's Ordos municipal government to invest 2 billion yuan ($308 million) to build a fuel cell heavy truck chain there between 2021 and 2025.