FF 91 completes 2nd winter testing, paving way for launch in H1 2022
US-based electric car company Faraday Future (FF) announced on March 15 the completion of the second season of winter testing for the FF 91.
Xpeng CEO says he bought shares of Nio during the latter's toughest time in 2019
At that time, He gave support to Nio despite the opposition of his friends and also invested a total of $300 million in Xpeng.
Titles of Elon Musk, Zach Kirkhorn changes to 'Technoking of Tesla' and 'Master of Coin'
Musk is Tesla and SpaceX CEO. Zach Kirkhorn is the company's Chief Finance Officer. They will maintain their respective roles.
Evergrande Auto, Tencent set up JV to develop operating systems for cars
Evergrande Auto will hold a 60% stake in the joint venture and Phoenix Auto Intelligence, a subsidiary of Tencent, will hold a 40% stake.
Geely to invest $4.61 billion in power battery project
Chinese automaker Geely has signed an agreement with the government of Ganzhou City, Jiangxi Province, to invest RMB 30 billion ($4.61 billion) in a power battery project with a design capacity of 42 GWh per year.
Scooter maker Niu Technologies reportedly acquiring plant to enter EV sector
Chinese scooter maker Niu Technologies is said to be acquiring a BAIC BluePark New Energy plant in Changzhou, sparking discussions that it will also join the car manufacturing boom.
Xpeng establishes new firm in Hefei with business scope including car rental services
Xpeng Motors has set up a new company in Hefei, home of Nio China's headquarters, with a registered capital of RMB 10 million yuan ($1.53 million), according to data provider Qichacha.
China produces 317,000 new energy vehicles in January-February, up 395% from last year
Auto production during the period was 3.855 million units, up 89.9 percent from the same period last year.
Xpeng announces RMB 500 million strategic investment from Guangdong govt-backed fund
Xpeng Motors (NYSE: XPEV) announced today that it has received a strategic investment of 500 million yuan ($77 million) from the Guangdong Provincial Industrial Development Fund.
Tesla to ramp up parts capacity in preparation for Shanghai plant capacity expansion
Tesla's Shanghai Gigafactory has made content changes to a project that plans to boost production capacity for components including powertrain, die-cast integrated base plates, and motors.