Auto Archives - Page 22 of 143

NIO’s Insurance Brokerage Company Closed

NIO's insurance brokerage company, established in January 2022, recently initiated a simple cancellation. The registered capital of the company is 50 million yuan ($7.25 million).

Li Auto and NIO Opt Out of Chinese Auto Price War

Since the beginning of this year, a surge in reduced car prices has swept across China, prompting many vehicle companies to participate. Nevertheless, some companies, including Li Auto, NIO, Porsche, and Audi, have no intention of following suit.

CATL Signs Partnership Agreement with Automaker BAIC Group

On March 13, Chinese battery giant CATL signed a strategic partnership agreement with state-owned automobile manufacturer BAIC Group.

China Unveils First Heavy-Duty Truck Powered by Batteries and Overhead Wires

On March 14, China's first heavy-duty truck powered by batteries and overhead wires rolled off the production line in Datong, north China's Shanxi province, filling the country's technological gap in this field.

BYD and NETA Announce Construction of EV Factory in Thailand

While the penetration rate of new energy vehicles in China will no doubt continue to grow in 2023, domestic manufacturers are accelerating their exploration of the Thai market.

Li Auto Starts Construction of Super Charging Stations

With the imminent launch of pure electric vehicles, Li Auto has set itself the goal of building about 300 ultra-fast charging stations within the year, with about 10 stations already deployed on high-speed roadways.

XPeng Launches New P7i Sports Sedan in China, Delivery Beginning in March

XPeng, an electric vehicle maker, on March 10 launched its new P7i sports sedan for the Chinese market. Pricing of the new P7i starts at 249,900 yuan ($35,877) to 339,900 yuan ($48,796). Deliveries will kick off in March for customers in China.

BYD Expands Business Scope into Motorcycles

Recent pictures of a motorcycle being tested by personnel working for BYD have been circulating around Chinese news outlets. BYD has confirmed that it is developing motorcycles in partnership with another company.

XPeng Reportedly Reshuffles Duties of Core Executives

Personnel turmoil has persisted at Chinese electric vehicle manufacturer XPeng since its major organizational adjustment announcement in October of last year.

Spy Photos of BYD’s “F” Brand Unveiled

Spy photos of leading Chinese automaker BYD's new "F" brand have surfaced recently. The new vehicle is an off-road SUV with a length of nearly 5 meters, a wheelbase of 2.8 meters, and maximum output power exceeding 500 kW.

Huawei Emphasizes Dominance of EV Brand AITO

On March 8, AITO, an electric vehicle brand jointly built by Huawei and Seres, used the new slogan, "Huawei AITO", for the first time on social media platforms, showing a further emphasis on the close relationship between the brands.

Chinese State-Owned Automaker Dongfeng Motor Cuts Prices after Chairman Change Up

Dongfeng Motor, a Chinese state-owned automobile manufacturer headquartered in Wuhan, Hubei Province, has begun offering incentives to customers. After its own subsidies and government subsidies combined, the discount totalled between 10,000 yuan ($1,442) and 90,000 yuan ($12,984).

Over 100 WM Motor Stores to Resume Services

On March 7, WM Motor, an electric vehicle maker in China currently caught up in a mounting capital crisis, announced through its social media outlets that more than 100 stores in China will resume normal services in the near future.

Xiaomi Auto Expects to Start Mass-Production in H1 Next Year

"Xiaomi Auto has made more progress than expected. Recently, the winter test has been finished and we expect to mass-produce within the first half of the next year," said Lei Jun, founder, chairman and CEO of Xiaomi, at a meeting on March 5.

XPeng In-car App Requires User Facial Recognition Using Outside Camera

Recently, a video depicting XPeng's on-board app requiring users to adopt strange postures in order to complete its facial recognition verification, caused some negative feedback online.

Former NIO Intern Claims Unfair Treatment after Sexual Assault

Chinese leading electric vehicle maker NIO became a central topic on Chinese social media over the weekend after a former intern said she was sexually assaulted and then treated unfairly while working at the company.

NIO Recruits Talent from Apple and Panasonic for Battery Business

Chinese electric vehicle maker NIO is looking for talent for its battery-making operations. Two executives from Apple and Panasonic have joined the company.

XPeng Chairman Proposes Speeding up Lawmaking for Autonomous Driving

He Xiaopeng, chairman of Chinese electric vehicle maker XPeng, who was elected as a delegate for China's "Two Sessions" for the first time, put forward suggestions on accelerating the systematic guarantee of autonomous driving.

Li Auto Emphasizes Gross Profit Margins, Competition with Tesla and Apple

Li Xiang, chairman and CEO of Li Auto, revealed the electric vehicle maker's target - to occupy 35% of the passenger car market with a price range of more than 200,000 yuan ($28,997) in 2027, and to become the world's leading artificial intelligence enterprise in 2030.

Faraday Future Promotes Founder Jia Yueting to Executive Officer

Faraday Future, an intelligent electric mobility company, on March 1 announced a decision to restore founder and Chief Product and User Ecosystem Officer Jia Yueting’s Section 16 officer and executive officer status.

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