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Faraday Future Signs New Joint Venture Agreement With the9 Limited
Faraday Future Signs New Joint Venture Agreement With the9 Limited

Faraday Future announced on Mar. 24 that it has signed a joint venture agreement with The9 Limited to form a joint venture (the “JV”) to manufacture, market, distribute, and sell luxury intelligent electric vehicles in China.

Mar. 25 , 2019
Great Wall Motor gains 3.58% YoY growth in 2018 net profit attributable to shareholders
Great Wall Motor gains 3.58% YoY growth in 2018 net profit attributable to shareholders

Great Wall Motor (GWM)'s net profit attributable to shareholders climbed 3.58% over a year ago to around RMB5.21 billion. , according to the annual report released by the automaker on March 22.

Mar. 25 , 2019
Volvo Underestimated Plug-In Hybrid Demand: Will Triple Production
Volvo Underestimated Plug-In Hybrid Demand: Will Triple Production

Volvo CEO Hakan Samuelsson admitted that the company hugely underestimated demand for its plug-in hybrid cars and now is hard at work to increase the production capacity.

Mar. 22 , 2019
11 companies including FAW, Tencent, Alibaba set up RMB9.76 bln fund for NEV car-sharing business
11 companies including FAW, Tencent, Alibaba set up RMB9.76 bln fund for NEV car-sharing business

Changan Automobile announced on March 22 that it has signed an agreement in Nanjing with ten companies including Suning, FAW Group, Dongfeng Motor, Tencent and Alibaba, etc., to build a joint venture that focuses on NEV-based car-sharing businesses.

Mar. 22 , 2019
Tesla raises price on most models, while not as high as planned
Tesla raises price on most models, while not as high as planned

Tesla once again adjusted prices on the Model 3, Model S and Model X after it said on March 10 that it will raise vehicle prices by about 3% on average worldwide as it plans to keep more retail stores open, some media outlet reported on March 21.

Mar. 22 , 2019
Jaguar Land Rover Installs UK’s Largest Work Charging Station
Jaguar Land Rover Installs UK’s Largest Work Charging Station

Jaguar Land Rover Group has installed at its Gaydon engineering center the UK's largest smart charging station for employees. In total, 166 smart charging outlets – each 7 kW AC – are available and connected to the broader NewMotion charging network.

Mar. 21 , 2019