Chinese EV Company CH-AUTO To Go Public Via $1.7 bn SPAC Deal
Chinese electric vehicle company CH-AUTO Technology Corp. Ltd. said on Monday it had agreed to go public with a US blank-check firm in a deal valued at nearly $1.7 billion, including debt, according to Reuters. The deal with Mountain Crest…
NIO Inc. Provides April 2022 Delivery Update
NIO Inc., a pioneer and a leading company in the premium smart electric vehicle market, today announced its April 2022 delivery results. NIO delivered 5,074 vehicles in April 2022. The deliveries consisted of 4,381 premium smart electric SUVs, including 1,251…
XPeng Announces Vehicle Delivery Results for April 2022
XPeng Inc., a leading Chinese smart electric vehicle (“Smart EV”) company, today announced its vehicle delivery results for April 2022. XPeng delivered 9,002 Smart EVs in April 2022, representing a 75% increase year-over-year. The April deliveries consisted of 3,714 P7…
Nio Forced To Halt Production Due To Covid, Supply Chain Shortages
Chinese EV manufacturer Nio has been forced to suspend production due to local supply chain issues caused by the impact of further Covid-19 restrictions. Nio published a statement on its mobile app over the weekend explaining that “There will be…
Hertz & Polestar Announce Global Strategic Partnership To Accelerate Electric Vehicle Adoption
Hertz (NASDAQ: HTZ) and Polestar, the Swedish premium electric performance car maker, today announced a new global partnership that includes purchasing up to 65,000 electric vehicles (EVs) over five years. Availability is expected to begin in Spring 2022 in Europe…
Kaixin Auto Holdings Announces Intention Order for 20,000 Electric Vehicles
Kaixin Auto Holdings (“Kaixin” or the “Company”) (NASDAQ: KXIN) announces today that it has reached into a strategic partnership with Beijing Camping Club Sports and Culture Communication Co., Ltd. (the “Camping Club”). Camping Club agrees to order at least 20,000…
XPENG P7 100,000th Car Rolls Off Production Line
The XPENG P7 smart sports sedan has today become the first model from a Chinese pure-EV brand to reach the production milestone of 100,000 units. The 100,000th P7 rolled off the production line 695 days after its official launch on…
Audi-FAW’s New Venture To Lift EV Production In China
The Chinese authorities have finally approved the US$3.3bn joint venture (JV) between the state-owned FAW Group and Europe’s Audi to manufacture electric vehicles (EVs) in China. The new venture, which will commence its production from 2024, will expand Audi’s existing…
ABB E-mobility Increases Majority Stake in Chinese EV Charging Provider Chargedot
ABB had previously acquired a 67 percent stake in Chargedot in March 2020. The additional investment is part of ABB E-mobility’s growth strategy and further strengthens ABB’s position in the rapidly growing Chinese e-mobility market. Financial terms of the transaction…
China Yuchai Has Launched The Country’s First Commercial Hydrogen Engine
China Yuchai International, a leading manufacturer and distributor of engines for on- and off-road applications in China through its main operating subsidiary, Guangxi Yuchai Machinery Company Limited (GYMCL), announced that the company’s YCK05 hydrogen-powered engine achieved stable ignition and operation…
