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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).
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.
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.
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.
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.
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.
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.
Huang Xin, the former director of autonomous driving products at XPeng Motors, has joined NIO. NIO attaches great importance to the independent R&D of autonomous driving technology, so Huang's move was not surprising.
On September 1st, CATL announced that "Qilin Battery," can help Li Auto's first pure electric vehicle model, the Li Auto MEGA, achieve a 12-minute charge for 500 kilometers.
BYD will launch a personalized brand this year which currently has the internal code name of "F". The operation of this new brand will be independent from BYD's own system while the brand's first product will be an off-road vehicle.
Enovate, a Chinese new energy vehicle manufacturer that has struggled in its home market recently, announced the establishment of a joint venture with Saudi Arabia's Sumou Holding on December 12.
Three electric vehicle (EV) models that support battery swap services made by Ruilan Auto have been leaked under codenames "SD3A-1," "SD3A-2" and "SD3A-3."