EV
XPeng's flying car firm banks $500 mln in Series A funding
XPeng's flying car firm banks $500 mln in Series A funding

Shanghai (Gasgoo)- XPeng Huitian, the electric flying car company owned by XPeng Motors, announced on Oct. 19 it nabbed over $500 million in the Series A funding round, which will value it at more than $1 billion.

Oct. 19 , 2021
Zhejiang Geely Holding adds manufacturing of batteries, ICs into businesses scope
Zhejiang Geely Holding adds manufacturing of batteries, ICs into businesses scope

Zhejiang Geely Holding Group recently added many new businesses into its business scope, including the manufacturing of batteries, electric motors and integrated circuits (ICs).

Oct. 18 , 2021
JAC-NIO Advanced Manufacturing Center completes staged upgrade for production lines
JAC-NIO Advanced Manufacturing Center completes staged upgrade for production lines

A phased upgrade for the JAC-NIO Advanced Manufacturing Center in Hefei was completed on October 15, according to a local media outlet, paving the way for future introduction of new vehicle models and capacity expansion.

Oct. 15 , 2021
CATL accounts for 50.8% of China's Jan.-Sept. power battery installed capacity
CATL accounts for 50.8% of China's Jan.-Sept. power battery installed capacity

In September, China’s power battery outputs reached 23.2GWh, surging 168.9% year on year, while also growing 18.9% month on month, according to China Automotive Power Battery Industry Innovation Alliance (CAPBIIA).

Oct. 13 , 2021
CATL’s subsidiary to build battery cathode material production base in Yichang
CATL’s subsidiary to build battery cathode material production base in Yichang

Guangdong Brunp Recycling Technology Co., Ltd. (Brunp Recycling), whose majority shareholder is CATL, plans to build a new energy vehicle (NEV)-related power battery cathode material industrial park in Yichang, central China’s Hubei Province, accordi

Oct. 13 , 2021
Xiaomi-backed industrial funds become investors of Ganfeng LiEnergy
Xiaomi-backed industrial funds become investors of Ganfeng LiEnergy

Ganfeng LiEnergy, a Chinese lithium power battery manufacturer, recently introduced many new investors, two of which are industry funds backed by Chinese smartphone giant Xiaomi, according to Qichacha.

Oct. 13 , 2021