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NIO, a new energy vehicle manufacturer, is planning to build a new battery swap station/charging pile production plant in Hungary to tie in with the company's business development in the European market.
China’s marketplace for new energy vehicles posted a strong rebound in June, industry data showed, leading an auto sector turnaround as cash subsidies and tax cuts, part of a wider push for economic stabilization, helped incentivize consumers.
Chongqing Sokon, Chinese tech giant Huawei's most important partner in the automotive sector, sold 7,451 new energy vehicles (NEVs) in March, up 164.69% year-on-year, according to figures it released on Wednesday.
Midea Group has announced its foray into the new energy vehicle (NEV) market with plans to produce a range of components and control systems for cars.
On August 4, Kaixin Auto announced that it had obtained targeted investment intentions totaling $700 million from several investment institutions.
Japanese automobile giant Toyota is preparing to build a new energy vehicle plant with an annual capacity of 200,000 units in the Chinese city of Tianjin.
Li Auto previously confirmed it would stop production of Li ONE as it prepares to launch an updated version named the Li L8, accompanied by a price reduction promotion. This series of moves angered many Li ONE consumers who had just bought the car at the original price.
On Friday, the Chinese Ministry of Industry and Information Technology (MIIT) published a declaration that included illustrations of the Smart #1, an electric vehicle developed by Geely and Mercedes-Benz.