
NIO ET7 Sets Sail for Europe
On August 22, Chinese new energy vehicle company NIO announced that its ET7 – the brand's first smart electric flagship sedan – has set sail from a local port bound for Europe.
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On August 22, Chinese new energy vehicle company NIO announced that its ET7 – the brand's first smart electric flagship sedan – has set sail from a local port bound for Europe.

The first round of financing for Avatr Technology has been completed, as the firm's registered capital has increased from 288 million yuan ($45.2 million) to 1.172 billion yuan.

Shenzhen-based automaker BYD issued a statement on Tuesday, adjusting the official guide price of its Dynasty and Ocean series models by a range of 3,000 yuan to 6,000 yuan ($472-$943).

Australian mining firm Greenwing Resources announced on September 26 that it has reached a strategic financing agreement with electric vehicle firm NIO to accelerate exploration of a lithium salt lake project in Argentina.

On the day before the opening of the 20th Guangzhou International Automobile Exhibition, which will last from December 30 to January 8, a fire suddenly broke out at the booth of IAT Automobile, a Beijing-based vehicle technology firm.

Chinese automobile manufacturer Baojun revealed the first look at its 2023 KiWi EV, the first mass production model equipped with DJI's intelligent driving system on Friday.

Chinese automaker BYD announced on October 22 that its Frigate 07 model officially rolled off of the mass production line and will be priced between 220,000 yuan to 280,000 yuan ($30,290 - $38,551).

China's intelligent vehicle market is significantly ahead of Europe and the United States, said Zhang Kai, the chairman of Beijing-based autonomous driving company Haomo.AI Technology Co., Ltd., at the company's sixth AI Day event held on September 13.

BYD's high-end brand Yangwang held a media communication meeting on February 21 to further show its technology platform named e⁴, which takes the independent drive of four motors as its core focus.

Regarding a car accident that occurred last November in Chinese city of Chaozhou, the court recently ruled in favor of Tesla.

Vice Minister of China's MIIT said at a Tuesday press conference that a study would be conducted as soon as possible on whether to continue the preferential tax policy for new energy vehicles, scheduled to be discontinued at the end of this year.

On November 5th, Michael Kirsch, CEO of Porsche China, stated that currently Porsche's sales and scale in the Chinese market are not sufficient to support local production.