EV
XPeng leads $200 mln round in smart EV-focused fund Rockets Capital
XPeng leads $200 mln round in smart EV-focused fund Rockets Capital

Rockets Capital, a China-based private equity firm focusing on investments in the smart energy vehicle (EV) supply chain, announced on March 17 it has closed its first round of over $200 million in capital commitments, which was led by XPeng.

Mar. 17 , 2022
Tesla, Chery Auto lift price on NEVs, XPeng said to raise price in days
Tesla, Chery Auto lift price on NEVs, XPeng said to raise price in days

On March 17th, Tesla issued a price rise on the RWD Model Y in China, marking the EV maker’s third price within a week.

Mar. 17 , 2022
Dongfeng Honda to start presale of e:NS1 BEV on Mar. 18
Dongfeng Honda to start presale of e:NS1 BEV on Mar. 18

Presale of the Honda e:NS1, the first Honda-branded full-electric vehicle model dedicated to China, will start on March 16 via Dongfeng Honda's mini program on March 18.

Mar. 17 , 2022
Evergrande Auto green lighted to sell Hengchi 5
Evergrande Auto green lighted to sell Hengchi 5

Evergrande Auto, the EV unit of Chinese property developer Evergrande Group, has been permitted to sell the Hengchi 5, as the BEV model was listed in the newest Announcement on On-road Vehicle Manufacturers and Products issued by China's MIIT.

Mar. 14 , 2022
Sunwoda EVB signs agreement to build 30GWh battery production base in Zhuhai
Sunwoda EVB signs agreement to build 30GWh battery production base in Zhuhai

Chinese power battery maker Sunwoda Electric Vehicle Battery Co., Ltd. (“Sunwoda EVB”) on March 11 signed an agreement with Zhuhai municipal government for the investment in a battery manufacturing project.

Mar. 14 , 2022
China adds about 247,000 charging piles in February, up 219.6% YoY
China adds about 247,000 charging piles in February, up 219.6% YoY

By the end of Feb. 2022, there had been 2.864 million charging piles deployed across China, up 62.9% from the same period of last year, according to the China Electric Vehicle Charging Infrastructure Promotion Alliance (EVCIPA).

Mar. 14 , 2022