EV
WM begins presale of third mass-produced model W6
WM begins presale of third mass-produced model W6

WM Motor announced it began taking pre-orders for its third mass-produced model, the W6 all-electric SUV, on March 1, and will start formal delivery next month.

Mar. 1 , 2021
Geely said to locate new smart EV venture in Hefei
Geely said to locate new smart EV venture in Hefei

Geely Auto’s all-new smart electric vehicle (EV) company is expected to be located in Hefei, capital of Anhui Province, according to a local media, citing people with direct knowledge.

Feb. 25 , 2021
Shanghai eyes over 1.2 million-unit NEV annual outputs by 2025
Shanghai eyes over 1.2 million-unit NEV annual outputs by 2025

Shanghai aims to increase its annual outputs of new energy vehicles (NEVs) to over 1.2 million units with a production value exceeding 350 billion yuan ($54.218 billion) per year by 2025.

Feb. 25 , 2021
Geely’s Li Shufu confirms plan of building new EV company
Geely’s Li Shufu confirms plan of building new EV company

Geely will build an all-new electric vehicle (EV) company to compete head-on with other manufacturers of intelligent battery electric vehicles (BEVs), Li Shufu, chairman of Zhejiang Geely Holding Group, said on Feb. 20 in an internal letter.

Feb. 22 , 2021
China’s SVOLT to build battery manufacturing base in Huzhou, Zhejiang
China’s SVOLT to build battery manufacturing base in Huzhou, Zhejiang

SVOLT, a Chinese EV battery manufacturer carved out of Great Wall Motor, signed an agreement on Feb. 19 with the government of Huzhou, Zhejiang province to establish a power battery base in South Taihu New Area.

Feb. 20 , 2021
WM Motor gets 11.5 billion yuan credit line
WM Motor gets 11.5 billion yuan credit line

Chinese EV startup WM Motor said on Feb. 9 it formed strategic partnerships with a number of banks and financial institutes for a line of credit worth 11.5 billion yuan ($1.783 billion).

Feb. 9 , 2021