China’s SAIC Aims to Slash Jobs at GM, VW Ventures and EV unit, Sources Say
CHINA’S SAIC Motor aims to cut thousands of jobs this year at its joint ventures with General Motors and Volkswagen and at an electric-car unit, two people with knowledge of the matter told Reuters. The state-owned automaker hopes to cut…
A Quarter Of EVs Sold In Europe This Year Will Be Made In China, NGO Predicts
In Europe, electric vehicles made in China are common, even though it might not seem like it at first. Last year, out of the roughly 300,000 EVs sold in the European Union, 19.5% were made in China, and that number…
Xiaomi Takes Aim at Tesla in Chinese Auto Market with $29,870 Electric Car
Chinese smartphone maker Xiaomi launched a sporty electric car on Thursday with styling cues drawn from Porsche and priced below Tesla’s Model 3, highlighting the stiff competition from new entrants in an already crowded EV market in China. During the…
Nissan Unveils Plan To Shrink EV Production Costs
Japanese auto giant Nissan said Monday it will slash production costs for next-generation electric vehicles by 30 percent as it competes with fast-growing Chinese rivals. By 2030, Nissan aims to make electric models at the same price as traditional combustion…
BAK Battery Unveils Revolutionary Big Cylindrical Power Batteries at China EV100 Forum 2024
At the China EV100 Forum 2024, Dr. Lin from BAK Battery highlighted the potential of big cylindrical power batteries as the future of EVs, suggesting ultra-fast charging and enhanced safety features. Shenzhen, China–(Newsfile Corp. – March 21, 2024) – From…
Nissan And Honda To Explore Joining Forces for EVs
Today, Nissan and Honda announced that they signed an agreement to start a study into the feasibility of a strategic partnership for electric vehicles, according to The Wall Street Journal. The two Japanese motor companies will look into an EV…
TurnOnGreen and Endliss Power Team up to Expand EV Charging Infrastructure Across North America
TurnOnGreen, Inc. (“TurnOnGreen” or the “Company”), announced today a strategic partnership with Endliss Power Inc (“EPI”), a cutting-edge e-commerce and renewable energy company based in San Francisco, California. The collaboration marks a milestone for the Company as it seeks to…
Shares of China’s Xiaomi Jump on News of its First EV Launch
Shares of Xiaomi jumped 12% on Tuesday after the company said it would start deliveries of its first electric vehicle (EV) this month. The tech giant, which is China’s fifth largest maker of smartphones, is venturing into the world’s top…
Li Auto Mega EV Is A 5.5 Second Sleeper That Recoups 311 Miles In 12 Minutes
Almost a decade since its debut in the Chinese market in 2015, and after exclusively peddling ‘extended range’ electric vehicles driven by a gasoline engine, Li Auto has finally rolled out its very first fully electric car. Dubbed the Mega…
IM Motors Raises US$1.1 Billion in One of China EV Brands’ Biggest Recent Deals
IM MOTORS, a premium electric vehicle brand of state-owned Chinese automaker SAIC, said on Friday (Mar 1) it has raised more than US$1.1 billion to work on new smart car models and technologies. IM Motors’ Series B round of equity…
