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Borgward Auto, owned by Chinese travel and auto services firm UCAR, is to undergo bankruptcy proceedings, with a public announcement to be issued as soon as early July.
On April 28th, the BYD Destroyer 05 Champion Edition was launched for sale. The new car has a total of 5 configurations with a price range of ¥101,800 to ¥148,800 RMB (about $15,000 to $22,000 USD).
On Friday, SAIC released its October production and sales report at the Shanghai Stock Exchange. In 2021, SAIC has sold 555,900 NEVs, representing a cumulative year-on-year increase of 187.57%.
WM Motor, a smart electric vehicle manufacturer, announced that it had received $152 million in its D2 round financing.
Initially available only for orders in China, with deliveries expected by the end of October, company employees have indicated plans to develop another version for the European market sometime in the next year.
Geely's new SUV LEVC TX5 has been revealed. Compared with the previously released commercial version of the TXN, which focused on commercial operations, this new SUV will focus on the 7-seat medium-sized MPV market for home use.
Last Thursday, Chinese automobile manufacturer Great Wall Motor (GWM) announced the official opening of its German subsidiary in Munich.
Liaoning SG Automotive Group announced that it intends to acquire the advanced technologies of Chery S18 (Ruiqi M1) and S18D (Ruiqi X1) models held by Tianjin Meiya New Energy Automobile Co., Ltd. in an effort to develop and produce pure electric sedans and SUVs.
AutoX, a self-driving startup, announced it had completed a Pre-B round of financing worth tens of millions of dollars in late December.
At 3:00 in the morning on December 23, a new energy vehicle parked on Gangfeng Road, Haikou, Hainan caught fire, affecting nearby vehicles and buildings.
Chinese automobile and battery manufacturer BYD signed an order with Nobina, the largest public transport operator in Scandinavia, for 70 buses.
Lifan Technology announced at the Shanghai Stock Exchange on Monday night that it plans to set up a joint venture with Geely Auto Group in the Liangjiang New Area in Chongqing.