Chery recalls 1,407 EVs due to battery safety hazards
Chery is recalling 1,407 Arrizo 5e electric vehicles due to a potential risk of thermal runaway of the battery.
Xpeng unveils X2, its fifth-generation flying car
Xpeng Huitian, the electric flying car company owned by Xpeng Motors, unveiled its fifth-generation flying vehicle, X2, on Friday, Xpeng Chairman and CEO He Xiaopeng announced via Weibo.
Option incentive plan shows Xiaomi aims to sell a million EVs a year
Xiaomi, which announced in March that it was joining the car-making bandwagon, is aiming for annual sales of a million vehicles, according to its employee option incentive plan reported by tech media outlet 36kr on July 16.
Chinese power battery supplier Svolt announces mass production of its cobalt-free batteries
As the price of cobalt continues to rise, power battery makers around the world are trying to get rid of the metal. Now, a Chinese company has done just that.
Leapmotor says its self-driving technology will surpass Tesla's in three years
Leapmotor, the Chinese electric car startup that just announced it has received a license to manufacture cars as well as financing, has big ambitions in the self-driving space.
Tesla raises prices of Model S and Model X Long Range in China
Information on Tesla China's official website shows that the prices of the Model S Long Range and Model X Long Range have increased by 30,000 RMB ($4640) each.
WM Motor establishes import/export firm, paving way for its vehicle exports
Although Chinese electric vehicle startup WM Motor hasn't had as strong a year as its local counterparts, including Nio, that hasn't affected its business layout.
China's unified carbon market officially starts trading
The first transaction was successfully concluded at 9:30 am at RMB 52.78 ($8.1) per ton, with a total of 160,000 tons traded at a value of RMB 7.9 million.
Nio's move to add new independent director is in preparation for HK listing, report says
The move puts Nio more in line with the criteria for listing in Hong Kong, where Xpeng Motors made a similar arrangement ahead of its July 7 listing.
TSMC says carmakers can expect sharp uptick in chip supply
TSMC said its MCU production in the first six months of the year rose 30 percent over the same period last year, and the company will increase MCU production by nearly 60 percent this year compared with last year.
