SAIC

The joint venture plans to launch a new product, including NEVs, every three to six months starting this year, with two new products to be launched this year.

IM Motors has shared two videos showing the L6 being able to maneuver in tight spaces with the help of the smart chassis.

Rising Auto said all is well with it and will launch a new model in the middle of the year.

Employees at Rising Auto are expected to be laid off by more than 70 percent, while the remaining employees are likely to get a pay cut, according to local media.

The financing will be used for next-generation model development, smart driving technology development and entry into overseas markets.

More EV makers are betting that the shooting brake style will become a new trend in China.

The L7, IM Motors' first model, has been updated with its starting price cut by RMB 38,900, or 11.5 percent.

IM Motors CEO said the company's fifth model will be an EREV, set to become the latest after Avatr to look to gasoline engines to boost sales.

BYD is looking to accelerate the replacement of traditional fuel vehicles with NEVs at lower prices, and more automakers following suit is expected to speed up the process.

The new variant of the Cyberster revives the color scheme of some of the classic models in MG's history, with only 100 units offered in the first round of sales.