BMW Comments on Shift of Production to China From UK
German auto company BMW Group said that the Oxford factory will suspend the production of electric vehicles, but will not stop the production of MINI models.
10/17/20223 min read
Category: Auto
Showing 12 of 1691 posts in this category
EU's 2035 Ban on New Fossil Fuel Cars May Benefit Chinese EV Makers
The European Parliament formally approved a law to effectively ban the sale of new petrol and diesel cars in the European Union from 2035. This move may be more beneficial to Chinese independent auto brands.
Employee Reveals Overwork Culture at NIO
A female employee at NIO has disclosed that the Chinese electric vehicle manufacturer's business volume has significantly increased in the last six months, resulting in severe overtime situations.
BYD Plans $4.2B Battery Project in Jiangxi
Chinese EV and battery maker BYD plans to invest 28.5 billion yuan ($4.2 billion) in a series of battery projects in Yichun, Jiangxi Province. BYD is the third major new energy enterprise to set up projects in Yichun, after CATL and Gotion High-Tech.
Great Wall Motor Acquires Daimler Factory in Brazil, Targeting Annual Capacity of 100,000 Vehicles
Great Wall Motor has purchased a factory in Brazil from Daimler AG for an undisclosed price, the company announced on Wednesday.
Leapmotor Completes Financing Round of 4.5 Billion Yuan Led by CICC
Leapmotor, which mainly develops, produces, and sells new energy vehicles, announced today that it had completed a new round of financing worth 4.5 billion yuan ($694 million).
8/18/20212 min read
NIO Owners Refuse So-called "Owner Statement" of the NOP Accident
On August 18th, the joint statement of NIO vehicle owners became a trending topic on social media. However, many NIO car owners later posted on Weibo that they had not involved in the statement.
8/18/20212 min read
Chinese EV Start-up HiPhi Halts Production for Six Months
HiPhi, a Chinese electric vehicle startup, announced a six-month production halt on February 18, the first day back to work after the Lunar New Year holiday.
2/19/20241 min read
XPeng Appoints Ex-Great Wall Motor Executive Wang Fengying as President
XPeng, a Chinese smart electric vehicle company, on January 30 announced that Wang Fengying has been appointed as the new president of the company. Wang previously worked at Great Wall Motor for over 30 years.
1/30/20233 min read
NIO Executive Claims that Battery Electric Vehicles Charge Twice as Fast as Extended-range Vehicles
Shen Fei, the Senior Vice President of NIO Power, indicated that the charging time for extended-range vehicles is twice as long as battery electric vehicles.
WM Motor to Cut Executive Salaries in Half as Financial Woes Mount
After WM Motor founder Freeman Shen's annual salary of 1.2 billion yuan ($164 million) aroused heated discussion, the Chinese second-tier electric vehicle maker is now reportedly carrying out large-scale salary reductions, including a 50% cut in executive pay.
10/25/20223 min read
Salary Gap Exists among Executives in China's Automakers
Executive compensation is a topic of great interest whenever the automobile group releases its annual report. In China, there exists a significant disparity between the salaries of executives in electric vehicle manufacturers and those in fuel-powered vehicle manufacturers.