BMW Expects Higher China Sales In 2023, Finance Chief Says
BMW expects to sell more cars in China this year despite a local price war in the electric vehicle (EV) segment, and muted demand overall, the luxury carmaker’s chief financial officer (CFO) said at the IAA car show in Munich. …
CATL Launches New Battery That Can Charge An EV In 10 Minutes
Contemporary Amperex Technology Ltd (CATL), a Chinese lithium-ion battery manufacturer, has unveiled its latest innovation, Shenxing, a 4C lithium iron phosphate (LFP) battery capable of rapid charging. The term “4C” denotes the battery’s ability to be fully charged in just 15 minutes. The…
VW-backed Gotion Buys 25% Stake In Slovak EV Battery Startup InoBat
Chinese battery maker Gotion High Tech is buying a 25 percent stake in Slovak battery maker InoBat and will provide supply chain and technology support as the startup scales up production of electric vehicle batteries, the companies said. The companies did not…
Chinese EV Maker Nio Forecasts Sales Boom In Third Quarter As Demand For Smart Battery-Powered Cars Recovers
Chinese EV start-up Nio predicts its third-quarter deliveries will soar by as much as 80 per cent as it becomes the latest major electric-car builder on the mainland to benefit from a release of pent-up demand. The Shanghai-based company said in a…
EV Maker XPeng Announces Strategic Partnership With Didi, Shares Rise In Hong Kong
XPeng’s shares rose sharply in Hong Kong after the electric-vehicle maker announced a strategic partnership with ride-hailing giant DiDi Global. XPeng’s Hong Kong-listed shares rose 14% to 74.45 Hong Kong dollars (US$9.49), taking its year-to-date gains to 94%. XPeng will…
Mazda Accelerates EV Shift In China, Reshaping Ties With Suppliers
Immediately after taking the helm of Mazda Motor, newly appointed President Masahiro Moro, who took office on June 27 in the first leadership change in five years, flew to China. “We are finally going to start full-scale operations here,” he…
Tesla Rival Xpeng Acquires Chinese Giant DiDi’s Smart EV Assets For $744 mn
In a bid to challenge Tesla’s dominance, ride hailing giant Didi Global on Monday sold its smart EV assets to electric vehicle company Xpeng for nearly $744 million. DiDi Global and XPeng jointly announced a strategic cooperation where the two…
Volvo Teases EM90 Electric Premium MPV
Volvo Cars has just teased another upcoming all-electric model – the Volvo EM90, which will be the company’s first electric premium multi-purpose vehicle (MPV). It’s the third next-generation BEV announced by the Swedish brand, after the Volvo EX90 and Volvo EX30. Considering the…
Sino-Pak Joint Venture Set To Start Production Of Electric Rickshaws
In a development for Pakistan’s transportation sector, a joint venture between Chinese and Pakistani companies is set to commence production of electric two-wheelers and three-wheelers, commonly known as rickshaws in the country. The collaboration is expected to bring about positive…
GM’s Upcoming Wuling Electric Sedan Revealed In China
General Motors’ second joint venture in China, has just officially revealed the exterior design of Wuling’s upcoming all-electric sedan. The automaker revealed the first official images of Wuling’s new fully electric sedan, showing the exterior look of the midsize vehicle…
