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Some Tesla owners in China have recently received notice letters to make up payments, allegedly because they did not meet the total mileage condition within a specified time period, and therefore could not receive state subsidies.
On July 11th, Changan Automobile and Tencent signed a strategic cooperation agreement in Chongqing, China. Building upon their previous collaboration, the two parties will strengthen cooperation in multiple areas such as intelligent cockpit, navigation and maps, autonomous driving, overseas ecosystem, and corporate digital transformation.
Xiaomi Corporation issued an update on Monday stating that the board of directors have announced the equity incentive plan of Xiaomi EV has been approved by a high voter turnout of 97.63% at the extraordinary general meeting.
Chinese EV manufacturer Xpeng Motors has raised an additional $100 million, bringing total funding to $400 million.
The European Parliament formally approved a law to effectively ban the sale of new petrol and diesel cars in the European Union from 2035. This move may be more beneficial to Chinese independent auto brands.
A female employee at NIO has disclosed that the Chinese electric vehicle manufacturer's business volume has significantly increased in the last six months, resulting in severe overtime situations.
BYD Electronic to Acquire Jabil Circuit Subsidiary for 15.8 Billion Yuan, Expanding Chengdu and Wuxi Manufacturing.
On April 25th, Tesla opened its charging network to other non-Tesla new energy vehicles in mainland China for trial. The first batch of trials includes 10 Tesla supercharging stations that are open to 37 non-Tesla vehicle models.
Chinese EV and battery maker BYD plans to invest 28.5 billion yuan ($4.2 billion) in a series of battery projects in Yichun, Jiangxi Province. BYD is the third major new energy enterprise to set up projects in Yichun, after CATL and Gotion High-Tech.
Li Auto established an industrial intelligence company in Jiangsu with a registered capital of 100 million yuan.
A fire broke out on November 24 at an auto interior shop in Shanghai, damaging about 12 luxury cars. Although the cause of the fire is still under investigation, several bloggers claimed that a Tesla Model Y was the source. Tesla has denied this speculation.
HiPhi, a Chinese electric vehicle startup, announced a six-month production halt on February 18, the first day back to work after the Lunar New Year holiday.