Auto Archives - Page 32 of 143

Polestar Obtains $1.6B in Financial Support From Volvo and Geely’s Chairman

Polestar Automotive, a Swedish electric vehicle brand backed by Geely, announced on November 3 that it has received further commitments for financial and liquidity support from Volvo Cars and PSD Investment.

BYD’s October NEV Sales Triple Those of Tesla China

On November 3, BYD announced that it had achieved a sales volume in October of 217,800 new energy vehicles, a record high and the second consecutive month that the figure surpassed 200,000 units.

Seven BYD Models Enter Top 20 Global Plugin Vehicle Sales

BYD has a total of seven models among the top 20 sales spots in the world. Among them, Qin Plus ranks 5th, Han ranks 6th, Dolphin 7th, Yuan Plus 8th, Tang 10th and Destroyer 05 17th.

XPeng Founder Responds to Sales Decline and Restructuring

Chinese electric vehicle maker XPeng initiated its largest organizational restructuring to date in October, and its delivery data that month suffered monthly and annual declines. The chairman of XPeng was given the opportunity to respond to consumer concerns.

NIO’s EV Factories in Anhui Resume Production

Due to COVID-19 pandemic prevention requirements, two NIO automobile factories in Hefei, China's Anhui Province, have recently stopped production, causing delays to delivery. The latest report shows that production has now resumed.

Zeekr to Launch SUV and Sedan, Enter Europe Next Year

Geely-owned premium electric vehicle brand Zeekr launched its second model, the Zeekr 009, on November 2. In addition, CEO An Conghui revealed that the company will launch two new cars during mid-to-late 2023, and that one is an SUV and the other is a sedan.

BYD Refutes Report of DM-i/DM-p Hybrid Systems on Some China-Made Audis

Certain vehicle models of FAW-Volkswagen's China-based Audi production unit that are due for manufacturing in 2023 will reportedly adopt BYD's DM-i/DM-p hybrid systems. Li Yunfei, the general manager of BYD's branding and public relations division later said that "this rumor is untrue."

Xiaomi Refutes Rumored Halt of Automaking Project

Reports surfaced on November 2 claiming that Xiaomi's vehicle manufacturing project has been called to a stop. The Chinese consumer tech giant later stated that its automotive business is progressing smoothly and that it does not address rumors.

Chinese EV Maker NIO to Develop Smartwatches

NIO, a leading Chinese electric vehicle manufacturer, recently released recruitment information for a job posting entitled "Product Manager of Smartwatches."

NETA Auto Led China’s EV Market in October

On November 1, NETA Auto, Li Auto, NIO, XPeng and other Chinese electric vehicle firms successively announced their delivery data for October. NIO, XPeng and Li Auto have been gradually surpassed by latecomers.

Geely’s Zeekr Debuts All-Electric MPV for $69K-81K

Geely-owned automotive brand Zeekr officially opened its second model, the Zeekr 009, for reservations on November 1. The new vehicle is available in two versions, with cruising ranges of 702 km and 822 km.

NIO’s Vehicle Factory Suspends Production Due to Pandemic, Deliveries Affected

Due to COVID-19 pandemic prevention requirements, two factories in Hefei, Anhui Province of NIO, a leading Chinese new energy automobile manufacturer, have stopped production recently. As a result, delivery of its models will be delayed.

Geely Releases New Ride-Hailing Brand With Customized Services

LEVC, a high-end commercial car brand owned by Geely, released a new online ride-hailing platform on October 31 called "Top Hat Travel," or "Limao Chuxing" in Chinese. Top Hat Travel focuses on high-quality and customized travel services.

TuSimple’s Stock Price Plunges 45% After Firing CEO

TuSimple, an automated driving technology company, announced on October 31 that it has terminated Hou Xiaodi, the CEO, President and CTO of the company, and that it has removed him as Chairman of the Board.

Geely to Split EV Marque Zeekr and List It Independently

Geely Automobile announced at the Hong Kong Stock Exchange (HKEx) at noon on October 31 that it has proposed to spin off Zeekr Intelligent Technology Holding Limited (Zeekr) and list it independently.

BYD to Spend Nearly $688M on Ships to Reduce Global Logistics Costs

A BYD affiliate intends to order eight ships capable of carrying 7,700 cars in Shandong Province, with a total cost of nearly 5 billion yuan ($688 million). Among them, six ships are determined to be built, while the other two ships are optional.

NIO Pilots New Battery Swapping Service Based on Daily Charging

On October 27, Chinese electric vehicle maker NIO upgraded its battery swap service and started a new pilot program. NIO car owners can now use a larger battery pack through a paid service on a daily basis.

Avatr 11 to Be Displayed in Huawei’s Flagship Stores in Beijing and Shenzhen This Year

Avatr Technology, a brand co-developed by Changan Automobile, Huawei and CATL, has reached an agreement with Huawei with which the brand's first model, Avatr 11, will be put on display in Huawei's flagship stores in Beijing and Shenzhen later this year.

Mercedes-Benz’s China JV to Recall 11,400 EVs

Beijing Benz, a joint venture between Mercedes-Benz and Chinese automaker BAIC Motor, filed a recall plan on October 28. The move expands a recall plan for certain EQA, EQB and EQC electric vehicle models released on February 18, 2022.

Li Auto Denies Canceling Infrared Sensor in L8 Pro SUV

In response to recent reports that an infrared sensor in the rear row ceiling of Li Auto's L8 Pro SUV model has been discontinued, the Chinese new energy auto firm confirmed on the evening of October 27 that this is false information.

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