Showing 12 of 758 posts with this tag
"In the last year or so, the price of lithium carbonate has exploded tenfold, and automakers are under tremendous cost pressure." Chen Hong, Chairman of SAIC Motor, said at the 2022 World New Energy Vehicle Congress on August 27.
Regarding recent reports that Evergrande Auto will be acquired by another automobile company, on August 18, Liu Yongzhuo, president of Evergrande Auto, denied the news.
William Li, the founder, Chairman and CEO of Chinese new energy car company NIO, responded to reports the company is working on smartphones during a Thursday interview.
Polestar is much smaller than Lynk & Co, but compared to the integration between Lynk & Co and Zeekr, the merger between Polestar and Zeekr faces greater challenges and more internal disputes.
Lei Jun, Chairman, CEO and founder of Xiaomi, announced the new progress of Xiaomi's vehicle manufacturing business.
As the first electric vehicle maker with a monthly sales volume of over 20,000 units last year, Li Auto greatly reduced the year-end awards of employees. Affected by this, employees in many departments have left their jobs after the Spring Festival holiday.
During the Guangzhou Auto Show, Kong Yanshuang, Regional General Manager of Tesla China, said in an interview that the company is looking forward to accelerating the release of vitality in the Chinese auto market after the end of the pandemic.
Li Auto's representatives have confirmed a substantial reduction in their workforce. The total number of employees has fallen from its peak of over 30,000 to around 22,000 during the latest layoff period.
Evergrande Auto closed down 24.66% to HK $3.88 per share on Tuesday, with a total market value of HK $37.904 billion ($4.873 billion).
On December 8th, Horizon Robotics and CARIAD announced the official establishment of the companies' joint venture CARIZON.
The local official of Hefei, Anhui Province recently announced that Eberhard Weiblen, President and CEO of Porsche Consulting, visited the city. This news has led to market speculation that Porsche may establish its first vehicle production factory in China.
Smart car chip firm Cambricon SingGo announced on September 22 that it has received investment from Robert Bosch Venture Capital GmbH (RBVC) under Germany's Bosch Group.