electric vehicle Archives

Future Toyota Cars to Be Powerd by RoboSense LiDAR for Safer Self-Driving

RoboSense, a provider of smart LiDAR sensor systems, announced on February 7 its partnership with Toyota, a Japanese multinational automotive manufacturer, on large-scale production with orders for multiple models.

Taiwanese Singer Jimmy Lin Fined for Illegal Parking Half a Year after Tesla Car Accident

Taiwanese singer and professional race driver, Jimmy Lin was photographed driving out to have dinner with friends, and was later fined for parking illegally. This is his first public appearance in front of the media since the accident involved a Tesla vehicle in July last year.

COO of Huawei’s Smart Car Solution Business Unit Suspended

Huawei’s Smart Car Solution Business Units saw a number of personnel adjustments recently. Wang Jun, COO of the business unit and president of the intelligent driving solution product line has been suspended.

BYD Acquires an Internet Insurance Company for $530M

According to Chinese commercial information query platform Tianyancha, BYD's proposed acquisition worth 3.6 billion yuan ($530 million) for Yi'an Property Insurance Co., Ltd. was put in place on January 31. BYD will acquire 100% equity of the Internet insurance company.

Li Auto Sees Resignation from Multiple Departments and Lower Sales Expectations of First Pure EV

As the first electric vehicle maker with a monthly sales volume of over 20,000 units last year, Li Auto greatly reduced the year-end awards of employees. Affected by this, employees in many departments have left their jobs after the Spring Festival holiday.

BYD Qin Plus DM-i Champion Edition to Be Launched February 10

As a popular model in BYD's Dynasty series, the Qin Plus DM-i's Champion Edition will be launched on February 10. The new vehicle will be equipped with an 8.8-inch full LCD screen and feature a cruising range increasing from 1200km to 1310km.

XPeng Launches G9 SUV and P7 Sedan for Europe

On February 3, XPeng, a Chinese electric vehicle maker, launched its two latest smart EV models for European markets: G9 flagship SUV, and the new P7 sports sedan.

Geely-Backed EV Firm Zeekr Names Third Car “Zeekr X”

Geely-backed electric vehicle company Zeekr officially announced on February 3 that the name of its third vehicle model will be the "Zeekr X," also unveiling its appearance and body dimensions.

NIO Reduces Prices, Maximum Drop of Nearly $14,892

Chinese electric vehicle maker NIO began reducing its prices recently, starting with the ES6, ES8, and ES7 models. This promotion plan was first announced at the company's regular meeting on the morning of February 1.

Xiaomi Fines Partner $148,926 for Leaking Design Documents

On February 2, Chinese electronics maker Xiaomi decided to require a compensation of 1 million yuan ($148,926) from its partner, a molding technology company in Beijing, which leaked a draft version of the front and rear bumpers for Xiaomi's yet-to-be-released vehicle.

Chinese EV Industry Concludes Challenging January

Many Chinese electric vehicle manufacturers published their first performance reports of the new year on February 1. Affected by the recent Spring Festival holiday, delivery figures in January were generally unsatisfactory.

Great Wall Motor Introduces New CEO to Its WEY Brand

Chen Siying, former deputy general manager of Geely's Lynk & Co's sales company, officially joined Great Wall Motor on January 30 as CEO of the WEY brand and general manager of marketing for the TANK brand.

Chinese Insurance Tech Startup Cheche Group Mulls US Listing through SPAC

Following the listing of Waterdrop on the NYSE in 2021, nearly two years later, another Chinese insurance technology company, Cheche Group, announced that it would complete its listing in the United States within this year.

Geely-Backed Lotus Tech to Go Public on Nasdaq Via Business Combination

Lotus Technology, a luxury electric vehicle maker backed by Chinese automotive giant Geely, will carry out a public listing on the Nasdaq under ticker symbol "LOT" via a merger with a special purpose acquisition company.

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%.

Li Auto Founder Releases Vehicle Launch Plan, Lower Year-End Award Triggers Controversy

Li Xiang, the founder of Chinese electric vehicle Li Auto, revealed the cost positioning of each model on Twitter-like Weibo on January 30. However, behind last year's growth in delivery volume, many employees were disappointed about their year-end bonuses.