Chinese EV maker Leap Motor has recently secured a strategic investment of HKD 659 million, following the Stellantis Group's previous investment of 1.5 billion euros.
BYD has announced the introduction of a new intelligent vehicle base, the “Xuanji“ architecture, which will be unveiled at the “2024 Dream Day” event on January 16th.
In a Weibo post addressing consumers' concerns about the upcoming SU7 EV, Xiaomi Auto reassures that the final pricing for the SU7 EV has not been decided yet, dismissing social media speculations.
NIO vehicles, currently equipped with four Orin chips, are set to unveil their next-generation smart driving chips, predicted to outperform their predecessors, at the upcoming NIO Day this Saturday.
Chinese electric vehicle manufacturer NIO revealed on Monday that it has signed a share subscription agreement with CYVN Holdings L.L.C.,. Under this agreement, CYVN will make a total cash investment of US$2.2 billion in NIO.
Chinese EV maker NIO is planning to separate its battery production unit as part of its strategy to become more profitable, according to anonymous sources cited by Reuters.
Honda recently announced that it will lay off about 900 contract workers at its Chinese joint venture, GAC Honda Automobile Co., due to a shift towards the electric vehicle market.
Changan Automobile has officially established a Southeast Asia Division. At the same time, it sets up three local companies and localized operation teams. The construction of a new-energy vehicle production base in Thailand has also begun.
"NIO will not go bankrupt, and there is absolutely no possibility of bankruptcy. Customers can keep their confidence in NIO's vehicles", said NIO President Qin Lihong at the Guangzhou Auto Show.
Today, the Chinese Ministry of Industry and Information Technology announced the declared model information of Xiaomi's car. BAIC will be the manufacturer, with BYD as the battery provider.