
Chinese EV Firm NIO to Launch Rental Battery Buyout Plan
Chinese new energy automobile company NIO confirmed on Monday that it will launch a BaaS ("battery-as-a-service”) buyout plan.
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Chinese new energy automobile company NIO confirmed on Monday that it will launch a BaaS ("battery-as-a-service”) buyout plan.
Alpine, a sub-brand of Chinese electric vehicle maker NIO aimed at consumers with a budget between 200,000 yuan ($29,019) and 300,000 yuan ($43,528), will be rolled out through new sales channels.
The first batch of "Hydrogen Energy-Powered Passenger MPVs," composed of SAIC MAXUS Mifa car models, was unveiled on August 4.
XPeng Motors core management team has changed, and all three co-founders have exited the core management team.
Tongyu Automobile, a developer of intelligent driving systems, announced on August 21 the completion of round-A+ financing totaling nearly 200 million yuan ($29.2 million). Xiaomi is one of its co-leading investors.
He Xiaopeng, Chairman of Xpeng, posted on social media on April 29th a warm welcome to the potential entry of Tesla's FSD into China.
Hanxing Venture Capital, a Xiaomi affiliate, recently increased its investment in Hefei-based chip firm Rhino. The company's core products are autonomous driving chips but is also involved in developing autonomous driving solutions and development tool chains.
Wu Bing, the CEO of Rising Auto, a smart electric vehicle brand owned by Chinese industry giant SAIC, said that the R7 mid-to-large size SUV will be launched in late September.
On the evening of July 5, Sunwoda announced that Sunwoda Electric Vehicle Battery Co., Ltd. (Sunwoda EVB), its holding subsidiary, had recently received an order from SAIC MAXUS for a BEV project.
After releasing the name and preview photos of the Zeekr 009 car model at the end of last month, on August 5, the vehicle brand unveiled more detailed photos and design specifics of its new electric MPV.
NIO's new brand "ALPS" has implemented an open power battery procurement strategy, confirming battery supply cooperations with CALB (China Aviation Lithium Battery Technology), BYD's FinDreams Battery and others.
Faraday Future announced today that the first production car of FF 91 will be released at the FF ieFactory California in 2 days. It will officially go into production on April 14th at 6:00 PM PST (9:00 am Beijing time).