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In response to layoff rumors, on May 10, Ford China stated to the Chinese media that "China is a crucial market for Ford. We remain committed to promoting sustainable development in our business operations in China.
Baidu Apollo, an open-source autonomous vehicle technology platform, and WM Motor, a new energy vehicle manufacturer, officially released two new cars on Tuesday, both of which are based on the WM Motor W6 SUV.
On July 8, the China Passenger Car Association released its analysis of the national passenger vehicle market in June this year. The data shows that retail sales of passenger vehicles reached 1.943 million units in June, up 22.6% year-on-year.
Baidu’s Apollo Go autonomous ride-hailing service will officially land in a popular hotspot in Wuzhen, Zhejiang Province on Saturday.
A Chinese research team has recently made a breakthrough in technologies that allow early prediction of lithium battery thermal runaway, which has been considered one of the biggest bottleneck in the development of electric vehicles.
Tesla China's official website showed on Thursday that the basic price of its Model Y rear-wheel drive electric vehicle was raised by 15,060 yuan ($2,373) to reach a total of 316,900 yuan ($49,921).
"NIO will not go bankrupt, and there is absolutely no possibility of bankruptcy. Customers can keep their confidence in NIO's vehicles", said NIO President Qin Lihong at the Guangzhou Auto Show.
On August 26, the brand-new Mocca DHT-PHEV lidar version of WEY, a sub-brand of Great Wall Motor, made its debut at the Chengdu Motor Show.
Geely-owned new energy vehicle brand Farizon Auto on October 26 announced its completion of pre-A round financing totaling over $300 million, led by Hidden Hill Capital which is backed by Singapore's Global Logistics Properties Ltd.
A new energy industrial site in the southern Chinese city of Shenzhen spanning over 550,000 square meters was sold on Monday to Shenzhen BYD Auto Industry Company Limited for 403 million yuan ($60.3 million).
Chinese EV maker, Li Auto, is planning to expand its operations overseas next year, targeting initial markets in the Middle East and possible North African countries, according to multiple sources.
On August 10, automotive industry joint venture SAIC-GM-Wuling (SGMW) released the Lingxi Intelligent Driving System, which has deep integration with Chinese drone developer DJI's automotive system.