Deals

The purchase order involves LFP Unified Cell products with the same design style and specifications as those for the Chinese market for Volkswagen's full range of NEVs.

In the first quarter, Changan and Geely ranked third and fourth, respectively, in China in terms of retail vehicle sales.

Since this week, the Model Y with BYD battery has been produced at Tesla's Gigafactory in Grünheide, Germany, according to a German media report.

Smart delivered 4,390 vehicles in China in April, down 25.73 percent from 5,911 units in March.

4D imaging radar enables cars to detect and classify objects such as other vehicles and vulnerable road users on highways and in complex urban scenarios and at distances of up to 300 meters.

Nio has opened 46 Nio Houses and Nio Spaces in commercial real estate projects managed by China Resources.

SiC power devices offer higher powertrain efficiency, enabling improved performance, faster charging and longer driving range.

The 450-MWh battery storage project will be deployed in Texas and is expected to begin commercial operations in 2024.

Ningbo Tuopu said its strategic partnership with Nio uses an innovative T0.5 collaboration model that will provide the latter with better products and services.

Enovate has already owed its employees two months of salary arrears and its factory in Changsha, Hunan province, has shut down production this year, according to local media.