EV
Shenzhen-based sodium-ion battery startup China Sodium-ion Times closes first funding round
Shenzhen-based sodium-ion battery startup China Sodium-ion Times closes first funding round

China Sodium-ion Times, a Chinese startup focusing on the development of sodium-ion battery technologies, announced on May 24 via its WeChat account the completion of its first financing round.

May 25 , 2023
BYD’s Song Pro DM-i Champion edition hits market with prices starting at 135,800 yuan
BYD’s Song Pro DM-i Champion edition hits market with prices starting at 135,800 yuan

On May 25, the BYD Song Pro DM-i Champion edition officially hit the market. Priced between 135,800 and 159,800 yuan, this new model offers customers four trim levels to suit their preferences.

May 25 , 2023
China’s COSMX to build new power, energy storage battery production factory in Deyang, Sichuan province
China’s COSMX to build new power, energy storage battery production factory in Deyang, Sichuan province

Zhuhai CosMX Battery Co., Ltd. announced its plans to establish a project company in Deyang City, Sichuan Province through its subsidiary Zhejiang CosMX Battery Ltd., in order to invest in the construction of a power battery production project.

May 25 , 2023
XPeng faces YoY, QoQ drops in Q1 2023 revenue
XPeng faces YoY, QoQ drops in Q1 2023 revenue

XPeng reported total revenues of RMB4.03 billion (US$0.59 billion) for the first quarter of 2023, indicating a decline of 45.9% year-on-year (YoY) and a decrease of 21.5% quarter-on-quarter (QoQ).

May 24 , 2023
Geely’s Galaxy L7 PHEV to hit market on May 31
Geely’s Galaxy L7 PHEV to hit market on May 31

Geely announced today that its first plug-in hybrid electric (PHEV) model under its Galaxy new energy vehicle (NEV) series, the Geely Galaxy L7, will hit the market on May 31.

May 24 , 2023
BYD’s F brand rumored to be named ‘Fangchengbao’ in Chinese
BYD’s F brand rumored to be named ‘Fangchengbao’ in Chinese

Shenzhen BYD Auto R&D Co., Ltd., a wholly-owned subsidiary of BYD Company Ltd., recently saw its corporate name changed to Shenzhen Fangchengbao (translated to “Shenzhen Formula Leopard”) Auto Sales Co., Ltd..

May 24 , 2023