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.
ID.4 CROZZ, FAW-Volkswagen's first electric SUV, to begin deliveries on March 20
The model is available in five versions, with a subsidized price range of RMB 199,900 ($30,745)–RMB 279,900. It is available in three NEDC range versions: 400km, 500km, and 550km.
Xpeng says it surpasses 50,000 cumulative deliveries
Chinese electric car company Xpeng Motors (NYSE: XPEV) announced Friday that it has surpassed 50,000 cumulative deliveries.
CICC expects Chinese EV trio's stock price to go upward, but cuts Nio and Li Auto price targets
CICC cut its price target on Nio by 27% to $62 from the previous $85, saying this is due to the pullback in Tesla as a "valuation anchor" for EV makers. It also lowered its price target on Li Auto by 12.5% to $35 from $40.
Huawei achieves mass production of its own electric vehicle motors
The permanent magnet synchronous motor model TZ210XY584 has a peak power of 230kW, which is close to the highest level of the MIIT new energy model recommendation catalog.