
NIO Releases Portable Charging and Discharging Device
Chinese automaker NIO on Monday released a portable charging and discharging integrated machine that aims to meet a variety of needs.
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Chinese automaker NIO on Monday released a portable charging and discharging integrated machine that aims to meet a variety of needs.

Xiaomi officially enters the South Korean market, with no plans to launch electric vehicle in South Korea. The company will focus on the Chinese electric vehicle market in the next three years.

Tesla's Gigafactory in Shanghai has played a significant role in the company's production and sales, accounting for 50% of its output. The factory has achieved an impressive gross margin of over 30%, owing to its efficient layout, optimized processes, cost-effective land acquisition, streamlined supply chain management, and skilled human resources.

As of March 23, 2023, the total mileage of Li Auto’s assisted driving has exceeded 550 million kilometers.

On February 29, Xpeng Motors and Volkswagen Group signed a joint development agreement for platform and software strategic technology cooperation, accelerating the joint research and development of two B-segment electric vehicles.

Radar, a pure electric pickup truck brand owned by Geely, launched its first mass-production model, the RD6, on November 9, and said that it will enter overseas markets next year while selecting the appropriate time for an IPO.

On the second day of Auto Shanghai 2023, Xiaomi founder Lei Jun visited several electric vehicle makers' booths including NIO, XPeng, Geely's Zeekr and HiPhi.

China will extend its exemption of new energy vehicles from purchase taxes to the end of 2023, according to results of the State Council executive meeting on August 18. This is the third time that China has extended the policy.

Polestar, a Geely-backed high-performance pure electric vehicle brand, announced on August 16 that it will put the brand-new pure electric concept sports car Polestar 6 into production. The mass production model is expected to be launched in 2026.

BYD has announced the introduction of a new intelligent vehicle base, the “Xuanji“ architecture, which will be unveiled at the “2024 Dream Day” event on January 16th.

BYD announced the delivery of the first batch of 45 ebuses to Swedish bus operator Bergkvarabuss for use in six cities in the southern province of Skåne.

Volkswagen Group and XPeng Motors have officially announced that they will jointly develop two new electric vehicle models targeted at the Chinese market, planning to start production in China's Hefei Province in 2026.