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.
Geely says its in-house developed central control chip will be assembled on board in 2023
Geely Auto started laying out its chip strategy in 2019, and the in-house developed central control chip will be assembled on board in 2023, the auto giant said.
Nio's 2nd-gen battery swap station reportedly comes in two models
This seems to conflict somewhat with previous announcements from Nio. A spokesperson from the company couldn’t confirm the information.
Former Byton CEO reportedly to join Evergrande Auto
Dai Lei, former CEO and co-founder of Chinese EV startup Byton, will take a position at Evergrande Auto.
Nio's William Li says EV maker sold equipment it ordered to Tesla in toughest time
"The stamping line equipment for Tesla's Shanghai plant was sold to them by us, which is kind of like us selling a weapon to a competitor," Li said.
This is why BYD Han EV is a hot seller in China
In the first two months of the year, the Han EV ranked third in the number of new private EVs insured in China, behind the Wuling Hongguang Mini EV and the Tesla Model 3.
Tesla says China-made Model Y price hike due to rising production costs
For other models, including the China-made Model 3, the company has no plans to raise prices.
BAIC New Energy recalls over 30,000 EVs due to potential battery fire hazard
BAIC New Energy Changzhou, BAIC Motor, and BAIC Guangzhou Automotive plan to recall 31,963 electric vehicles due to a fire hazard in the batteries they carry.
Tesla's US website supports using Bitcoin to pay
Tesla's US website supports the use of Bitcoin for payment. However this option is only visible to computer users with a US IP, if your IP is from another region, you will not see this option.
