carmakers Archives - Page 4 of 5

Xpeng Joins Forces with Alipay to Implement In-Car Payment Functions

On November 27, Xpeng Motors announced that they have signed a deal with Alipay to jointly develop in-car payment functions.

Founder’s Debt Restructuring Plan Will Determine Faraday’s Future

On November 25, a meeting was held regarding Faraday Future (FF) founder Jia Yueting’s debt at the FF headquarters in Los Angeles, California.

Toyota Topples GM as Second Best Selling Car Maker in China

According to numbers reported by a research company LMC Automotive, Toyota was responsible for 7.8% of China’s new car sales during the first nine months of 2019, falling short of toppling Volkswagen as the market leader, but outpacing GM and the local automotive leader SAIC Motor.

Tesla to Unveil Model 3 to the Chinese Market

The Made-in-China Tesla Model 3 will be showcased at the Guangzhou International Motor Show on November 22.

Faraday Future CEO Claims The Firm has the Best Electric Powertrains in the Industry

Carsten Breitfeld, who led the development of the BMW i8 plug-in hybrid, landed the CEO role at Faraday Future (FF) two months ago.

BYTON Acquires Distributor License From California

BYTON, a Chinese electric vehicle maker, has recently received a distributor license from the state of California.

EV Maker Xpeng Rakes in $400 Million in Series C Funding, Xiaomi Joins as Investor

Chinese EV upstart Xpeng Motors announced on November 13 the signing of a Series C capital funding of $400 million from a group of strategic and institutional investors.

Tesla VP Underscores Shanghai’s Cooperation on Gigafactory

Tao Lin spoke at a press conference in anticipation of the upcoming 2019 Shanghai City Promotion Conference, underscoring the importance of Shanghai in the successful development of Tesla’s gigafactory.

Faraday Future New Global CEO Shares Opinion on Jia Yueting’s Bankruptcy

On October 14, reporters from Chinese media 21Tech met with the new global CEO, Carsten Breitfeld, in FF's Beijing office to discuss his vision for the company and Jia Yueting's bankruptcy announcement.

Faraday Future Founder Files for Bankruptcy, Plans to Return to China to Promote Company Development

Faraday Future announced that in order to solve the problem of personal debt, the founder and CPUO of the company, Jia Yuetin, applied for personal bankruptcy restructuring (Chapter 11) in the United States.

Singulato Motors Completes New Round of Funding Close to $100 Million

Chinese electric vehicle (EV) maker Singulato Motors received a capital injection from Japan’s Itochu Corp amounting to nearly $100 million on October 12, according to Reuters.

Faraday Future Founder Faces Potential Bankruptcy

On October 11, an insider close to Faraday Future founder Jia Yueting’s creditors revealed that they had received documents indicating that Jia was looking to file for bankruptcy in the United States.

Shanghai New Energy Auto Show Postponed Due to Instability in the Industry

The New Energy Auto Show slated to be held in Shanghai from October 30 to November 1 was suddenly postponed as Chinese media confirmed on October 10.

NIO Shares Surge After Exceeding Expectations in Q3

NIO shares surged as much as 12% on October 8 after the Chinese electric vehicle maker delivered 4,799 vehicles in the third quarter, up 35.1% from the second quarter, exceeding expectations by a large margin.

NIO Reports $3.1 Billion in Losses on Q2 Conference Call

NIO rescheduled its conference call for the second quarter (Q2) of 2019 on September 25, clarifying that the company only lost 22 billion yuan ($3.1 billion) instead of the rumored $5 billion.

Byton to Officially Launch its Concept M-Byte SUV

The China-based EV startup Byton unveiled the final design for its first vehicle, the M-Byte, this week at the Frankfurt Motor Show.

Chinese EV Maker NIO Launches Paid Membership Subscription

Chinese electric vehicle manufacturer NIO launched a paid membership service on September 5.

Tesla Expects to Start Production of Model 3 Before the End of the Year

Tesla announced on July 25 that the production of its Model 3 electric vehicles will start in the Shanghai Gigafactory by the end of the year.

Tesla Responds To Shanghai Spontaneous Car Fires In April

Tesla confirmed on June 28 that the self-combustion of a Tesla in April was due to one battery unit's malfunction, rather than any system defects.

Leading Autonomous Vehicles or Self-driving Car Brands in 2019

A new kind of vehicle that doesn’t require drivers seems to be just around the corner. Tech giants, startups, car makers, and ride-hailing firms are now racing to get the autonomous vehicles (AVs) on public roads.

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