Li Auto Slashes Prices Across Entire EV Lineup
Behind Li Auto's price reductions lies an intensifying competition in Chinese EV market, which began since the beginning of 2024, following BYD's price reduction.
4/22/20244 min read
Tag: #automotive industry
Showing 12 of 758 posts with this tag
BYD Considers Second Factory in India
On October 12, a person familiar with BYD and its operations, suggested that the company's Indian branch has been considering building a second factory in the country and will announce relevant information in due course.
10/13/20223 min read
DiDi's Autonomous Driving Starts Commercial Operation in Guangzhou
On March 29th, it was announced that DiDi's autonomous driving service has become one of the first companies to receive a qualification for intelligent networked demonstration operations in Guangzhou. Recently, it officially started accepting orders in Guangzhou and charges fees based on actual mileage and usage time, as regular taxi services.
Xiaomi Auto-Related Patent Unveiled
The Chinese Patent Office shows that a vehicle-related patent applied by Xiaomi Mobile Software Co., Ltd., a subsidiary of Beijing-based smart device manufacturer Xiaomi, was granted on Tuesday.
4/7/20222 min read
Chinese New Energy Vehicle Firm NETA Auto Enters Myanmar
NETA Auto, a new energy vehicle brand under Chinese firm Hozon Auto, signed a strategic cooperation agreement with Myanmar Grand Sirius Company Limited (GSE) on October 10, marking its official entrance into the Southeast Asian country.
10/17/20223 min read
NIO Secured Official Approval for Independent Car Manufacturing in China
On Monday, the Chinese electric vehicle brand "NIO" obtained official approval from the Chinese authorities for independent car manufacturing.
Geely Completes Firm's First Pure Electric Pickup, the RADAR RD6
RD6, the first mass-produced pure electric pickup model under the RADAR brand owned by Geely, completed production in Shandong Province and opened for pre-sale on September 30.
10/8/20223 min read
Why Did NIO, XPeng and Li Auto Together Lose Nearly $1.38B in H1?
As of September 7, three leading Chinese new energy vehicle (NEV) enterprises, including NIO, XPeng Motors and Li Auto, had successively released their financial reports for the first half of 2022. The combined losses of three firms amounted to nearly 9.6 billion yuan ($1.38 billion).
9/9/20224 min read
Hefei JAC-NIO Manufacturing Plant Completes Staged Production Line Transformation
Chinese auto manufacturer JAC announced Friday that it has completed the phased production line transformation of its manufacturing facility in Hefei.
10/15/20213 min read
Tesla Implements Price Reductions in China and the United States
In a bid to bolster its market position and appeal to consumers, Tesla has recently rolled out substantial price adjustments for its vehicle lineup in both China and the United States.
300 Chinese SAIC-GM-Wuling EVs Serve G20 Summit
During the ongoing G20 Leaders' Summit in Bali, Indonesia, auto companies from China, Japan and South Korea offered 836 pure electric vehicles to the Indonesian government, 300 of which were from Chinese automaker SAIC-GM-Wuling's local subsidiary.
11/15/20223 min read
German Car Rental Firm Sixt to Buy 100K EVs From BYD
BYD, a new energy giant based in China, announced on October 4 that it has signed a cooperation agreement with Sixt, a leading German car rental company.
10/8/20223 min read