EV
Geely in talk with Faraday Future for offering contract manufacturing service: sources
Geely in talk with Faraday Future for offering contract manufacturing service: sources

EV startup Faraday Future reportedly attempts to produce some of its all-electric vehicles in China by building a vehicle plant and is working on enlisting the help of China’s Geely in contract manufacturing services.

Jan. 25 , 2021
SAIC Volkswagen’s MEB-based ID. 4 X starts at 199,888 yuan for presale
SAIC Volkswagen’s MEB-based ID. 4 X starts at 199,888 yuan for presale

SAIC Volkswagen (SAIC VW) started on Jan. 21 the presale of its first MED-based model, the ID.4 X.

Jan. 22 , 2021
Sitech, Sinotruck join hands to roll out new EV models
Sitech, Sinotruck join hands to roll out new EV models

EV startup Sitech and Sinotruck, a state-owned truck manufacturer formed a strategic partnership on Jan. 20 to team up on the R&D and manufacture of products, supply chain management and sales channels, according to a press release.

Jan. 21 , 2021
Xpeng Motors granted 12.8 billion yuan worth of credit line by five banks
Xpeng Motors granted 12.8 billion yuan worth of credit line by five banks

Chinese EV startup Xpeng Motors said it signed a deal with five banks for a credit line worth 12.8 billion yuan ($1.98 billion).

Jan. 12 , 2021
NEV sales in China post sound growth partly thanks to roll-out of stimulus policies
NEV sales in China post sound growth partly thanks to roll-out of stimulus policies

China's NEV sales growth partly stemmed from automakers’ greater efforts in rolling out new NEV products, while governmental supportive policies also play an important role in the sales increase.

Jan. 3 , 2021