Advertisement

China

SVOLT Plans Two New Battery Factories In China

The battery cell manufacturer SVOLT, which emerged from the Chinese carmaker Great Wall, is expanding its production capacities in China. New factories are planned in Huzhou in China’s Zhejiang province and in Suining in Sichuan province, each with annual capacities…

Partnership Between EMG And BAIC BJEV To Jointly Develop Mapping Services For Autonomous Driving

Luokung Technology Corp. (“Luokung” or the “Company”), a leading interactive location-based services company in China, today announced that its previously announced acquisition candidate, eMapgo Technologies (Beijing) Co., Ltd. (“EMG”) and Beijing New Energy Automobile Co., Ltd. BAIC BluePark New Energy…

China And The United States Are Battling For EV Dominance

Electric vehicles were the story of the year throughout 2020, but a battle in the EV industry could bust the market wide open in 2021. While Tesla was the one grabbing headlines in the United States, with over 700% gains…

Audi To Make Electric Cars With China’s Oldest Carmaker FAW

FAW is China’s third largest carmaker, and counts Hongqi – or Red Flag – limousines for China’s communist party leaders among its products. It has been trying to gain ground in the world’s largest electric car market against domestic competitors…

Chinese Driverless Car Start-Up WeRide Raises $310 Million In Funding As Competition Heats Up

Chinese driverless car start-up WeRide has raised $310 million in a new round of funding as it pushes to commercialize its technology. Yutong Group, a Chinese company that manufactures commercial vehicles including electric buses, lead the funding round. A number…

Alibaba Launches Electric Car In Tie-Up With SAIC

Chinese e-commerce group Alibaba Group Holding has stepped up its involvement in China’s electric vehicle sector, launching a sedan with wireless charging under a new brand formed together with SAIC Motor, the country’s largest car company. In another sign of…

China’s EV Funding War

US electric carmaker Tesla and its smaller Chinese rivals NIO and Xpeng Motors have been on a US$12 billion capital-raising drive over the past year as their share prices have soared, competing fiercely to attract investors to help fund the…

Geely And Foxconn Form Partnership To Build Cars For Other Automakers

Taiwan’s Foxconn and Chinese automaker Zhejiang Geely Holding Group said on Wednesday they will join hands to provide contract manufacturing for automakers. They will each hold 50% of a venture that will also provide consulting services on electric vehicle (EV)…

Chinese Electric Car Start-Up Xpeng Gets $2 Billion In Credit From State-Owned Banks

China’s state-owned banks are stepping up their support for some electric car companies in the country. Alibaba-backed Xpeng announced it secured a credit line of 12.8 billion yuan ($1.98 billion) from major Chinese financial institutions — including three of the…

NIO Partners With NVIDIA To Develop A New Generation Of Automated Driving Electric Vehicles

NIO, a pioneer in China’s premium smart electric vehicle market, and NVIDIA announced today that the automaker has selected the NVIDIA DRIVE Orin™ system-on-a-chip (SoC) for its new generation of electric vehicles, which will offer advanced automated driving capabilities. NIO…