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.
Leapmotor secures about $1.55 billion credit line from Chinese bank
Leapmotor's overall sales target for 2025 is 800,000 units, the company said previously.
Chinese regulator calls for stronger cybersecurity and data security for smart vehicles
The MIIT on Thursday issued a notice on strengthening cybersecurity and data security for connected vehicles, saying the safety and security systems for such models urgently need to be improved.
Xpeng may consider M&A to expand production capacity
"If we need additional capacity in a year or two…we may think about using M&A as a tool to get more capacity."
Xpeng officially launches P5 sedan with starting price around $24,500
After two months of pre-sales, Xpeng Motors' new sedan, the P5, officially went on sale on September 15 at prices several thousand RMB lower than the pre-sale prices.
BYD to discontinue a fuel model that has been on sale for 16 years in Oct as it focuses on NEVs
The F3 was popular at the time of its launch, and during its most glorious period in 2008 and 2009, sales often exceeded 30,000 units per month.