Chinese consumers' willingness to buy local-brand cars rises, report says
The proportion of potential consumers who tend to buy new energy vehicles rose from 3% in 2018 to 16% this year, the report showed.
Nio suspends production for 5 working days due to chip shortage
Nio expects to deliver approximately 19,500 vehicles in the first quarter of 2021, down from the previously released outlook of 20,000 to 20,500 vehicles.
Faraday Future announces nearly $100 million in debt financing
US-based electric car company Faraday Future (FF) announced Friday that it has raised nearly $100 million in debt financing led by Ares with participation from existing lenders including Birch Lake.
'Xiaomi Motors' trademark registered by another firm even before Xiaomi decides to build cars
Xiaomi has yet to officially announce its intention to start building cars, the trademark for "Xiaomi Motors" has been registered by another company.
Xiaomi exec dismisses report that it's teaming up with Great Wall to build cars as fake news
Earlier today, it was reported that Xiaomi was in talks with Great Wall Motor to use its factory to build electric cars. In response, a Xiaomi executive dismissed it as fake news.
Xiaomi reportedly in talks with Great Wall to use its factory to build electric cars
The report said Xiaomi's electric car would target the mass market, in line with the company's overall positioning for electronics.
China's new energy passenger car sales expected to reach 2 million units this year
Sales of all new energy vehicles are expected to reach 2.2 million units this year, up 900,000 units from last year.
Tesla Tequila's empty bottles available for pre-order in China for about $119 each
The empty glass wine bottle went live on Tesla's official website in China on March 25, priced at 779 yuan ($119) per piece, and is currently in the pre-sale stage.
Evergrande Auto has invested $7.25 billion to build cars
Evergrande Auto, the car-making business of China's largest real estate company, has invested RMB 47.4 billion ($7.25 billion) to build new energy vehicles, the company said in its annual financial report released March 25.
Tesla salesperson says China-made Model 3 price may follow Model Y upward
Since 75 percent of the parts of Tesla Model Y and Model 3 are common, the price of China-made Model 3 will follow Model Y upward, CCTV said on Thursday, citing a Tesla salesperson.
