Tesla China hiring heavily for local R&D, Model Y to be made in China in Q1
Speaking to the media at the Shanghai Pudong Auto Show on September 28, Tesla vice president Grace Tao said the company is accelerating localization.
Nio to raise its stake in Nio China to 86.5% from 84.5%
Nio said today that it will sign an agreement worth $600 million to subscribe for additional registered capital in Nio (Anhui) Holdings Limited.
Xpeng raises RMB 4 billion in new funding, builds new factory in Guangzhou
Tesla's Chinese rival Xpeng Motors said the Guangzhou Development Zone Management Committee has agreed to provide it with 4 billion yuan in financing to help it establish a manufacturing base in Guangzhou and fuel its expansion.
Nio, Li Auto, and Xpeng, why Chinese EV startups are choosing to go public in US?
After Nio, Chinese electric car startups Li Auto and Xpeng both went public in the US this year. Why did they all choose to go public in the US and not in Hong Kong or Chinese mainland?
Nio will build 30,000 destination charging stations, what does that mean?
Nio on Saturday announced its Power Up Plan, which aims to deploy more than 30,000 destination DC charging stations in China with a total subsidy of 100 million yuan.
Huawei says it will invest $500 million in cars this year, not considering profits in short term
Huawei rotating chairman Xu Zhijun said on September 25 that Huawei's smart car solutions BU will invest more than $500 million this year and is not considering profitability at the moment.
Xpeng releases its first flying car, which could cost as much as a luxury car
At the 2020 Beijing auto show, Chinese EV maker Xpeng Motors announced the formation of a new company, Xpeng Huitian, whose core business is the creation of low-flying cars. The first ultra-low-flying car, the Voyager T1, made by the company was also launched.
GAC New Energy unveils new drive unit that allows cars to accelerate from 0-100 km in less than 2 seconds
On September 26, GAC New Energy unveiled its dual motor two speed four in one integrated drive unit for the first time at the Beijing auto show, which allows the vehicle to accelerate from 0-100km in less than two seconds.
Xpeng announces free charging plan: 3,000 kWh for each car per year
On the first day of the Beijing International Automotive Exhibition 2020, Chinese EV maker Xpeng Motors announced a number of service plans, including the "Xpeng Supercharge Free Recharge Program" and "Battery Lease Program".
Nio unveils new Power Up Plan with RMB 100 million subsidy for deployment of 30,000 chargers
Chinese luxury carmaker Nio today announced its new Power Up Plan along with a commitment of RMB 100 million subsidy for the deployment of a total of 30,000 destination DC chargers.
