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Shenzhen-based automaker BYD announced on October 26 that it has opened its first store in Brazil's capital city, co-built with leading domestic auto dealer Saga. Up to now, BYD has established 10 dealerships in Brazil and has obtained franchise rights in 31 of its major cities.
Chinese electric vehicle startup Leapmotor was officially listed in Hong Kong on September 29, with an opening price of HK$41 ($5.22) per share, 14% lower than its issue price of HK$48 ($6.11).
BYD executive denied the news that BYD is going to launch electric motorcycles and electric bicycles.
A new Wuling Asta hybrid vehicle model was released by Chinese automotive firm Wuling Motors on August 25. This model is available in two editions, with suggested retail prices of 99,800 yuan ($14,570) and 109,800 yuan ($16,030) respectively.
In a memo addressed to the entire company, NIO CEO Li Bin mentions that the company plans to reduce approximately 10% of positions, and the specific adjustments will be completed in November.
Lynk & Co, a subsidiary of Geely, announced on Thursday that it would hold a new product launch event for its 01 LYNK E-MOTIVE intelligent electric hybrid at 19:00 on June 10.
On Thursday, the records of an investor survey disclosed by Chongqing Sokon Industry Group, a partner of Huawei's car-manufacturing business, showed that the company will launch pure electric models this year.
Prominent companies such as Li Auto, Xpeng Motors, and BYD are among the initial users of the revolutionary NVIDIA Thor chip.
Chinese new energy vehicle manufacturer Aiways has signed a strategic cooperation agreement with Phoenix Electric Vehicle Co., Ltd., an automotive firm headquartered in Bangkok, Thailand.
Reports surfaced on November 2 claiming that Xiaomi's vehicle manufacturing project has been called to a stop. The Chinese consumer tech giant later stated that its automotive business is progressing smoothly and that it does not address rumors.
FAW Toyota, a joint venture between Japanese automaker Toyota and China's First Automobile Works (FAW), announced on October 21 that the pure electric sedan bZ3 loaded with BYD batteries will be unveiled on October 24.
On August 26, Geely's Geometry G6 and M6 models were presented at the Chengdu Motor Show and were officially launched nationwide for pre-sale. The new models come with intelligent cockpits based on Huawei HarmonyOS as standard.