Ford China to Layoff over One Thousand Employees
Ford China has started layoffs and will compensate employees. The number of people affected exceeds 1,300.
5/16/20233 min read
Category: Auto
Showing 12 of 1695 posts in this category
Warren Buffett Reduces Shareholding Ratio in BYD to 16.62%
On November 11, documents on the Hong Kong Stock Exchange (HKEx) showed that Berkshire Hathaway, founded by Warren Buffett, reduced its holdings of more than 5.78 million BYD shares at HK $196.99 on November 8, and its shareholding ratio dropped to 16.62%.
11/11/20223 min read
William Li from NIO: Zero Traffic Accidents After 20 Years
Recently, William Li from NIO mentioned during the Tencent News 20th anniversary special event that there will be zero car accidents after 20 years.
BYD Actively Responds to COVID-19-Related Disruption to Xi'an Production Base
The COVID-19 pandemic has recently affected a production base of automaker BYD in China's northwestern city of Xi'an.
12/24/20212 min read
BYD's Self-Developed Urban NOA Is Expected to Be Launched in March
The first batch of BYD's urban NOA (navigate on autopilot) system may be launched in late March.
Faraday Future Lists in the US, Holds Market Value of $5.4 Billion
New energy vehicle maker Faraday Future (FF) listed on the Nasdaq Stock Exchange on Thursday, also holding a bell ringing ceremony to mark the occasion. The firm has initiated trading under the ticker symbol "FFIE".
7/23/20213 min read
Baoneng Motor Starts Second Batch Of Layoffs, Exceeding 65% of Personnel
After initiating layoffs in early 2021, Shenzhen-based new energy vehicle maker Baoneng Motor continued with the second batch of layoffs on July 22. Baoneng has not yet commented publicly on the matter.
8/11/20213 min read
NIO Withdraws From Joint Venture With GAC Group
On August 23, HYCAN Automotive Technology Co., Ltd. made a change to its registration with China's State Administration for Industry and Commerce, showing that NIO has withdrawn from the list of shareholders.
8/25/20222 min read
BYD Sealion 07 DM-i Debuts with the Lingyuan Onboard Drone System
On March 2nd, the BYD Sealion 07 DM-i Intelligent Driving Edition made its global debut, featuring the BYD Lingyuan intelligent in-car drone system for the first time.
Tesla Gigafactory Shanghai Officially Produces the 1 Millionth Model Y
On July 13th, it was reported that several automotive bloggers recently announced that the Tesla Gigafactory Shanghai has produced its one millionth Model Y.
NIO Acquires Insurance Brokerage Firm to Enhance Services
Chinese electric vehicle maker NIO, which set up a subsidiary insurance brokerage firm at the beginning of this year, has recently acquired another insurance company that was established eight years ago.
12/20/20223 min read
Great Wall Motor's Brazil Factory to Start Operation on May 1, 2024
Chinese automobile manufacturer Great Wall Motor announced that its factory in Iracemapolis, Brazil will begin operations on May 1, 2024.
5/4/20233 min read