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…
CATL Unveils Ultra-fast Charging Battery
Wu Kai, chief scientist of CATL, delivers a speech during the launch of its ultra-fast charging battery online in August. [Photo provided to chinadaily.com.cn] Contemporary Amperex Technology Co Ltd, the world’s largest electric vehicle battery maker, unveiled a new battery…
Siemens To Help Digitally Transform Ceer’s EV Development Process
Ceer, Saudi Arabia’s first electric vehicle brand, announced on Tuesday that it is collaborating with Siemens Digital Industries Software to accelerate Ceer’s digital transformation. Under the collaboration, Ceer’s engineers to design and build next-generation electric vehicles using the Siemens Xcelerator…
EV Battery Market Holds Steady Amid Downtrend In Lithium Salt Prices
Electric vehicle (EV) battery prices in China demonstrated stability, with lithium salt prices registering a marginal decline, in July. The prices of EV square ternary cells, LFP cells, and pouch ternary power cells during the month remained relatively consistent with…
China Evergrande EV Unit To Issue Fresh Shares In Restructuring Plan
Embattled property developer China Evergrande Group said on Monday (Aug 14) its listed electric-vehicle arm has agreed to issue new shares to certain subscribers to ease loan burden and improve liquidity as part of its restructuring proposal. Under the terms,…
Hyundai partners Chinese EV firm for charging services in China
Hyundai Motor Group said on Monday it has partnered with Chinese electric vehicle (EV) charging service information provider NaaS Technology for future EV charging business opportunities. Hyundai signed an initial pact with Naas at the Chinese firm’s headquarters in Beijing on Monday to jointly develop customized EV…
Chery & Huawei’s Luxeed EV Unveiled in China
The Luxeed pure electric sedan, which Huawei and Chery jointly developed, has garnered a lot of interest in the Chinese auto industry & motoring press alike. Soon after Yu Chengdong, Executive Director of Huawei, made the announcement, Luxeed’s official photographs…
