EV
China's Midea starts building NEV auto parts manufacturing base in Anqing
China's Midea starts building NEV auto parts manufacturing base in Anqing

On Feb. 16, Anqing Welling Auto Parts Co., Ltd. (“Anqing Welling”), a subsidiary of Chinese home appliance giant Midea Group Co., Ltd., held a signing and ground-breaking ceremony for its strategic new energy vehicle (NEV) auto parts manufacturing ba

Feb. 16 , 2022
Toyota-backed auto battery maker PPES raising production capacity in China’s Dalian
Toyota-backed auto battery maker PPES raising production capacity in China’s Dalian

Prime Planet Energy & Solutions (PPES), a battery joint venture between Toyota Motor Corporation (Toyota) and Panasonic Corporation, is ready to ramp up its production capacity of automotive batteries in China.

Feb. 16 , 2022
NIO to launch fire new SUV model ES7 in April
NIO to launch fire new SUV model ES7 in April

Chinese startup NIO plans to launch an all-new model, named ES7, in mid-April 2022, Qin Lihong, Co-founder and President of NIO, revealed on Feb. 15.

Feb. 15 , 2022
CATL teams up with three firms to co-exploit lithium resources in Sichuan province
CATL teams up with three firms to co-exploit lithium resources in Sichuan province

Sichuan CATL New Energy Resource Co., Ltd., a wholly-owned subsidiary of CATL, recently signed a four-party agreement with three Sichuan-based companies for the cooperation on exploration and supply of lithium resources, CATL announced on Feb. 14.

Feb. 14 , 2022
XPeng’s HK shares included in Shenzhen-HK Stock Connect programs
XPeng’s HK shares included in Shenzhen-HK Stock Connect programs

Ordinary shares of XPeng Inc. (“XPeng”), which trade on the Stock Exchange of Hong Kong (“HKEX”), have been included in the Shenzhen-Hong Kong Stock Connect programs, according to the announcement issued by the Shenzhen Stock Exchange on Feb. 9.

Feb. 9 , 2022
SKYWORTH Auto to hit 30,000 vehicles of annual sales target in 2022
SKYWORTH Auto to hit 30,000 vehicles of annual sales target in 2022

Chinese vehicle startup SKYWORTH Auto announced on Feb. 8 it aims to sell 30,000 new vehicles and gain annual sales of over 4.5 billion yuan ($707.013 million) in 2022, with its presence to be strengthened in both domestic and overseas markets.

Feb. 9 , 2022