EV
First mass-produced NIO ET7s roll off production line
First mass-produced NIO ET7s roll off production line

The first mass-produced NIO ET7s came off the production line on March 24, according to a post on NIO's WeChat account.

Mar. 24 , 2022
BYD, Shell to build joint venture for EV charging network development in China
BYD, Shell to build joint venture for EV charging network development in China

Global energy giant Shell and Chinese automaker BYD plan to build a joint venture focusing on developing an electric vehicle (EV) charging network in China, as part of the global strategic cooperation both parties reached on March 24.

Mar. 24 , 2022
XPeng hits 100,000-unit production milestone for P7 BEV
XPeng hits 100,000-unit production milestone for P7 BEV

On March 23, XPeng saw the 100,000th P7 sedan roll-off the production line at its Zhaoqing plant, the first all-electric model owned by a Chinese NEV startup to hit this milestone, the automaker announced via its twitter-like Weibo account.

Mar. 23 , 2022
NIO Capital closes Eve ONE Fund II at about $400 million
NIO Capital closes Eve ONE Fund II at about $400 million

NIO Capital, a Chinese investment firm sponsored by NIO, announced on Mar. 20 the final closing of its flagship fund, Eve ONE Fund II L.P. (“the Fund II”), at around $400 million.

Mar. 22 , 2022
CATL, Farasis Energy confirm battery price rise due to hike in raw materials prices
CATL, Farasis Energy confirm battery price rise due to hike in raw materials prices

Chinese main power battery suppliers, CATL and Farasis Energy, recently confirmed their adjustment on battery prices due to the hike in raw materials prices.

Mar. 21 , 2022
Volkswagen China to set up joint ventures with Huayou Cobalt, Tsingshan Holding Group
Volkswagen China to set up joint ventures with Huayou Cobalt, Tsingshan Holding Group

On March 21st, Volkswagen Group China inked two memorandums of understanding with China’s Huayou Cobalt and Tsingshan Holding Group, respectively, to strengthen the auto group’s competitiveness in the electric mobility field.

Mar. 21 , 2022