
Evergrande Auto to Raise HK $500 Million for NEV R&D
Evergrande Auto, the automobile manufacturer under Chinese real estate developer Evergrande Group, announced on Wednesday that it had signed an agreement with its placement agent on Tuesday.
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Evergrande Auto, the automobile manufacturer under Chinese real estate developer Evergrande Group, announced on Wednesday that it had signed an agreement with its placement agent on Tuesday.
On September 14th, spy shots and real-life videos of Li Mega, Li Auto's first battery electric vehicle model, were revealed.
Chinese EV maker XPeng officially launched its flagship SUV, the G9, two days ago. However, its complex configuration has exposed the company to much criticism. It has announced an overhaul, which has resulted in a price reduction of 20,000 yuan ($2,805).
In response to rumors that Great Wall Motors had rejected fresh graduates, staff of the firm's General Affairs and Personnel Department stated that it was impossible to confirm the authenticity of the news at present.
A Chinese car blogger recently said that he was misjudged by an automated driving feature due to the size of his eyes. This has triggered several responses from Chinese car companies such as XPeng and NIO.
About a quarter of the employees at NIO's Auto Tech Research Center in Shanghai returned to work after a lapse of more than 20 days. After arriving at the factory, workers were under closed-off management.
When the founders of XPeng and Li Auto, two famed Chinese EV startups within a trio that also includes NIO, were busy interacting with each other on social media during a marketing relay for their newest EV lineups, NIO's founder kept a low profile.
At the end of August this year, Chinese consumer electronics giant Lenovo stated that it would not seek to build its own cars. However, on October 11, LCFC, a subsidiary of Lenovo, released an autonomous driving domain controller called the EA-R600.
Avatr, an electric vehicle brand backed by Changan Automobile, Huawei and CATL, announced on August 5 that it will join hands with BP to build a high-voltage fast charging network that will be implemented in first-tier Chinese cities as soon as this year.
BYD, a Chinese company specializing in new energy vehicles, announced the release of its "Yun Nian" System will be on April 10. The system is expected to integrate intelligent driving systems, cockpits and perception components, creating an innovative vehicle ecosystem.
Chinese electric vehicle maker BYD is reportedly in talks to buy six lithium mines in Africa. The total resources of lithium oxide at a 2.5% grade in the six lithium mines are estimated at more than 25 million tons.
On Monday, Chinese electric vehicle startup WM Motor announced it will release its newest 2022 E.5 on April 15th. The new model features a 58.6 kW/h ternary lithium power battery.