AUTOS Nio Reports Wider First-Quarter Loss As Covid Shutdowns In China Hamper Deliveries
Chinese electric-vehicle maker Nio lost $281.2 million in the first quarter, wider than the $68.8 million it lost a year ago, as it scrambled to keep pace with intense demand amid China’s recent Covid-related shutdowns. Here are other key numbers…
BYD’s Luxury Brand Denza To Release Three More Models This Year: CEO
Denza, a luxury auto brand majority-owned by China’s BYD, said on Monday that it plans to introduce three new electric vehicle models this year as part of its bid to seize market share, Chinese media reported, citing BYD’s chairman Wang…
Kaixin Auto Holdings Announces Order Of 10,000 Electric Trucks
Kaixin Auto Holdings (“Kaixin” or the “Company”) (NASDAQ: KXIN) announces today that it has signed a sales order for 10,000 electric trucks with Beijing Shencheng Biotechnology Group Limited (“Shencheng”). Shencheng will be ordering 10,000 electric trucks with a total value…
BorgWarner To Provide eMotors For Leading EV Brand In China
BorgWarner, a global leader in delivering innovative and sustainable mobility solutions for the vehicle market, has been selected to provide high-voltage hairpin (HVH) eMotors for a leading electric vehicle brand in China. The eMotors will be used in the company’s…
Tesla Giga Shanghai Expected To Reach 90,000 Monthly Production Rate
Tesla’s Giga Shanghai is expected to reach 90,000 monthly production rate after its upcoming expansion according to a report shared on Twitter. @Umbisam shared a screenshot of a statement by Cui Dongshu, the Secretary-General of the NCPA (national passenger car…
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…
