News
China’s chip supplier Horizon Robotics expected to ship 1 million chips in 2021
China’s chip supplier Horizon Robotics expected to ship 1 million chips in 2021

Horizon Robotics said earlier this week its automotive smart chip shipments are anticipated to reach 1 million units this year, up from 160,000 pieces for the year of 2020.

Mar. 25 , 2021
NIO completes 2 million battery swaps
NIO completes 2 million battery swaps

On March 24th, NIO offered its 2 millionth battery swaps at a battery swapping station in Suzhou, the startup announced via its WeChat account.

Mar. 24 , 2021
Tesla raises prices of China-built Model Y by 8,000 yuan
Tesla raises prices of China-built Model Y by 8,000 yuan

Prices of the China-built Model Y’s entire series have been raised by 8,000 yuan ($1,226) to 347,900 yuan ($53,312)-377,900 yuan ($57,910), Grace Tao, Tesla’s vice president of external affairs, said on Mar. 24 via her Weibo account.

Mar. 24 , 2021
Geely Auto logs 5% year-on-year decline in 2020 revenue
Geely Auto logs 5% year-on-year decline in 2020 revenue

Geely Automobile Holding Ltd., (Geely Auto or the group), the Hong Kong-listed entity of Geely Auto Group, announced on Tuesday its full-year revenue in 2020 reached 92.114 billion yuan ($14.152 billion), dropping 5% over the previous year.

Mar. 23 , 2021
China’s SVOLT said to file for IPO on STAR Market in 2022
China’s SVOLT said to file for IPO on STAR Market in 2022

SVOLT Energy Technology Co., Ltd. (SVOLT), a leading Chinese EV battery manufacturer carved out of Great Wall Motor (GWM), has launched the Series B funding, expecting to raise 3 billion to 4 billion yuan (about $461 million to $615 million).

Mar. 22 , 2021
Great Wall Motor to spin off TANK series into standalone brand
Great Wall Motor to spin off TANK series into standalone brand

Great Wall Motor (GWM) is about to separate the TANK series from its premium SUV brand WEY, aiming to develop TANK as a standalone off-road vehicle marque, Wei Jianjun, chairman of GWM.

Mar. 22 , 2021