Li Auto Denis Recent Speculation of Lay-offs
Li Auto faces rumored staff reductions and budget cuts, countered by company denial of claims as "baseless misinformation."
4/8/20243 min read
Tag: #automotive industry
Showing 12 of 758 posts with this tag
Tesla's Revenue Growth in China Slowed Down Sharply in 2022
According to a document submitted by Tesla to the US Securities and Exchange Commission on January 31, the firm's total revenue in 2022 was $81.462 billion, up 51% year-on-year. Specifically, the Chinese market notched revenue totaling $18.145 billion, accounting for 22.27%.
BYD's Pure Electric "Dolphin" Sedan Launched in Colombia
Chinese new energy vehicle company BYD announced on December 5 that the company and its partner Motorysa, a Colombian distributor, released a new Ocean series model – the pure electric "Dolphin" sedan.
12/6/20223 min read
Ford's China EV Business to Be Run as Independent Firm
The China arm of American multinational automobile manufacturer Ford announced on September 26 that it would work to accelerate electric transformation in the country by operating its EV business through FMeT, an independent company.
9/26/20223 min read
XPeng CEO: Annual Output of 400K Units the Bar for Future Industry Leaders
He Xiaopeng, the CEO of XPeng Motors, expounded upon the company's experience in vehicle manufacturing on July 7 at the 14th China Auto Blue-Book Forum.
7/8/20222 min read
Tesla Denies Rumored Production of New Model 3s in China
On May 9, it was reported that the upgraded version of Tesla Model 3 will begin mass production in Shanghai on June 1 of this year. Several photos of the new Model 3 were also leaked at the same time.
GAC AION to Conduct A-Round Financing
On August 26, GAC AION's A-round of capital fundraising was officially listed on the Guangzhou United Assets and Equity Exchange.
8/29/20223 min read
Geely-Backed Zeekr Unveils Electric MPV Zeekr 009
Geely-backed high-end intelligent electric vehicle brand Zeekr announced on July 22 that its new MPV model has been named the Zeekr 009, also releasing preview images of the car.
7/22/20222 min read
NIO Lowers Q4 Delivery Forecast
Chinese electric vehicle maker NIO announced on December 27 that due to skyrocketing COVID-19 cases across the country, the company now estimates that 38,500 to 39,500 vehicles will be delivered in the fourth quarter of this year.
12/28/20223 min read
BYD Sold 88,898 Passenger Cars in October, Up 249% YoY
The firm's latest production and sales report shows that in October it sold 81,000 new energy vehicles (NEVs) during the month, up 249% from a year ago and accounting for 90% of all passenger car sales.
11/4/20212 min read
Tesla Decides Not to Apply Starlink Internet Services in Chinese Mainland
All vehicles and charging stations across the domestic market will apply network services provided by Chinese telecom operators, and all relevant data will be kept in China.
11/18/20213 min read
GAC Group to Invest 2.16B Yuan in Establishment of Electric Drive Tech Firm
On August 11, Chinese state-owned auto manufacturer GAC Group announced plans to set up a new entity tentatively named Electric Drive Technology Company.
8/12/20223 min read