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.
China issues guidance to promote development of energy storage industry
With the rapid development of the new energy vehicle industry, the energy storage industry is also receiving policy support.
Xpeng gets qualified to draw high-precision maps with $39 million acquisition
Xpeng Motors has completed an RMB 250 million ($39 million) acquisition of a high-precision map provider, paving the way for it to support Navigation Guided Pilot (NGP) on urban roads.
Members of this club help Nio sell an average of 25 cars each
EP Club members have helped Nio sell an average of 25 cars each, and some have even sold more than 160.
Faraday Future goes public in US, aims to disrupt Ferrari, Bentley
Before FF began trading on Thursday, Jia laid out the company's two-phase goal, saying the first phase is to achieve disruption of traditional ultra-luxury car brands such as Maybach, Ferrari and Bentley with the FF 91.
China's hottest-selling electric car has a new rival
Electric vehicle brand Letin announced Thursday that its first all-electric mini car will go on sale on July 30, with a price range of RMB 29,800 ($4,600) to RMB 54,900.
Tesla raises Model 3 Long Range, Model Y Long Range prices in US by $1,000
The Model Y Long Range starting price was adjusted to $53,990, up $1,000 from the previous $52,990, information on Tesla's official website shows.
Chinese automakers can now start trading their NEV credits, what does this mean for Nio, Xpeng, and Li Auto?
Car companies including Nio, Xpeng Motors, Li Auto, Tesla China, and BYD have accumulated a lot of new energy credits last year, and now they can start trading them.