electric vehicle Archives

NIO’s Third Brand ‘Firefly’ Officially Announced

On December 18th, NIO's third brand "Firefly" was officially announced, positioning itself as an intelligent electric high-end small car brand.

Changan Auto’s First Flying Car to Debut on December 27th

Changan Auto plans to invest over 50 billion RMB in the next five years to develop comprehensive transportation solutions in land, sea, and air, as well as in the field of humanoid robots, with plans to launch flying car products by 2026.

BYD Will Produce Electric Vehicles in Europe Next Year

BYD's global expansion is still ongoing, and next year the company will produce its best-selling models Dolphin and Atto 3 in Europe.

Xiaomi Auto Is Accelerating Its Overseas Expansion

Multiple sources claim that Xiaomi is preparing to launch its automotive business overseas.

Geely-backed EV Brand Jiyue Faces Business Collapse, with Sudden Large-Scale Layoffs and Multi-Debt Defaults

On December 11th, Xia Yiping, CEO of the Chinese electric car brand Jiyue, sent out an internal message to his employees admitting that the company is currently "facing challenges and needs to make immediate adjustments".

iMotion and Horizon Robotics to Develop Comprehensive Intelligent Driving Solution Using J6E

Chinese autonomous driving solution provider iMotion will strategically collaborate with Horizon Robotics to develop an intelligent driving solution based on the Horizon Journey Series 6E chip.

CATL’s Third European Battery Plant Lands in Spain

On December 10th, CATL and Stellantis, the world's fourth-largest automotive group, inked a deal, each holding a 50% stake to form a joint venture.

BYD Invests in Zhuoyu Technology Under DJI

BYD strengthens its layout in intelligent driving by investing in DJI's subsidiary, Zhuoyu Technology.

Xiaomi YU7 Declared, Expected to Launch in June or July Next Year

Xiaomi's first SUV model YU7 rendering released, official expected to be launched in June or July next year.

NIO Plans to Launch the “E2E” Large Model Architecture in January Next Year

NIO plans to release version 3.1.0 of the Banyan intelligent system in January 2025, which will achieve the first push of an E2E large model architecture for intelligent driving.

Neta Auto CEO Speculated to Have Resigned

On December 2, Neta refuted rumors about Zhang Yong's resignation. A Neta Auto representative stated, "He is still with the company and has not resigned. The company's operations continue as usual."

General Motors Addressed Rumors of Its Restructuring in China Amidst Market Challenges

GM's Jim Cain is cautiously optimistic about regaining profitability in Chinese ventures with SAIC Motor, without additional GM investment.

BYD Plans to Start Producing Electric Vehicles in Brazil Before March 2025

BYD plans to start producing electric vehicles in Brazil before March 2025 and create 20,000 direct jobs by the end of 2026.

Tesla: Payment Cycle to Supply Chain Companies Shortened to 90 Days in 2024

Tesla's VP, Grace Tao, confirmed that in 2024 Tesla has further shortened payment cycles for supply chain companies to around 90 days.

Polestar and Zeekr Integration Temporarily Halted

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.

Tesla’s New Model Y Begins Parallel Production at Shanghai Factory as Current Model Sees Price Reduction

The new car will be equipped with a front face design similar to the new Model 3, and the interior will also be consistent with the new Model 3, also eliminating the gear lever next to the steering wheel and replacing it with screen shifting and button turn signals.

Intelligent Driving Solutions Provider Freetech Aims for Listing in Hong Kong Stock Exchange

Freetech is a leading supplier of intelligent driving solutions, covering Advanced Driver Assistance Systems (ADAS) and Autonomous Driving Systems (ADS) technologies.

Former Employee Exposes Great Wall Motors’ Massive Layoffs

A former employee of Great Wall Motors recently accused the company of large-scale layoffs, impacting hundreds of employees. The company allegedly orchestrated these layoffs through non-consensual job reassignments and pay cuts. The informant claimed that she was transferred from a technical role to a warehouse management position based on the grounds that she had received […]

Xiaomi Plans to Launch Its Second Car Model in March or April Next Year

There are reports that Xiaomi's second car model is planned to be launched in February or March next year, and it will be a battery electric SUV.

Chinese EV Brand Hycan Dismisses All Employees of Shanghai Branch

As early as June of this year, several car owners had reported that almost all of Hycan's sales channels in Shanghai had ceased operations, including the experience centers in shopping malls and the branch office phones going unanswered.

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