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NIO Reports Fewer Deliveries in July After its Flagship ES8 SUV was Recalled for Battery Issues

NIO Reports Fewer Deliveries in July After its Flagship ES8 SUV was Recalled for Battery Issues

Chinese electric automaker NIO Inc's stock fell nearly 4 percent on Monday, to $3.02 per share, after the company announced July deliveries and battery recalls on nearly 5,000 of the automaker's ES8 SUVs.

Eric Walz2019-08-13 13:45 PT

Didi Chuxing Spins Off its Autonomous Driving Unit as an Independent Company

Didi Chuxing Spins Off its Autonomous Driving Unit as an Independent Company

Didi Chuxing, the world’s largest transportation provider, announced that it has spun off its autonomous driving unit into an independent company. Didi said new unit will continue to focus on research and development, product application, and business development related to autonomous driving technologies.

Eric Walz2019-08-05 12:05 PT

BP Forms Joint Venture with Didi Chuxing to Build EV Charging Hubs in China

BP Forms Joint Venture with Didi Chuxing to Build EV Charging Hubs in China

BP said on Thursday it would build a network of electric-vehicle charging hubs in China together with transportation provider Didi Chuxing, as the London-based petroleum giant turns to the world’s largest auto markets to boost profits.

FutureCar Staff 2019-08-01 15:40 PT

BMW, Tencent to Open Computing Center in China For Self-Driving Cars

BMW, Tencent to Open Computing Center in China For Self-Driving Cars

German automaker BMW and Chinese internet technology giant Tencent Holdings are teaming up to launch a computing center in China that will help support self-driving cars in the world’s biggest auto market, the companies said on Friday.

Eric Walz2019-07-19 13:35 PT

Tesla Rival Xpeng Motors Launches a More Advanced Version of its G3 Electric SUV

Tesla Rival Xpeng Motors Launches a More Advanced Version of its G3 Electric SUV

Chinese electric vehicle startup Xpeng Motors unveiled its new G3 sport utility vehicle today, which offers a longer range and other technology improvements from the previous model. Xpeng is aiming to compete with Tesla and other domestic automakers in China with its more affordable lineup of advanced electric vehicles.

Eric Walz2019-07-10 14:44 PT

Volkswagen Says 50% of China Sales will be NEVs by 2035

Volkswagen Says 50% of China Sales will be NEVs by 2035

By 2035 half of Volkswagen’s sales in China will be new energy vehicles (NEVs), the automaker's CEO Herbert Diess told a conference in Boao, China, on Tuesday.

FutureCar Staff 2019-07-02 12:00 PT

China Increases EV Safety Checks After Tesla, NIO Fires

China Increases EV Safety Checks After Tesla, NIO Fires

After a few high-profile fires involving Tesla and NIO’s electric cars, China is now requiring automakers to double check their EVs.

Vineeth Joel Patel2019-06-19 07:07 PT

EV Startup NIO Begins Deliveries of its ES6 Crossover

EV Startup NIO Begins Deliveries of its ES6 Crossover

Chinese electric vehicle startup NIO has started deliveries of its second mass-market electric crossover to customers in China. The ES6 is a smaller version of the automaker’s ES8 full-size electric SUV.

FutureCar Staff 2019-06-18 16:59 PT

Tesla Denied Tariff Exemption for Chinese-made CPU in the Model 3

Tesla Denied Tariff Exemption for Chinese-made CPU in the Model 3

Electric automaker Tesla sought since last summer a tariff exemption for the Chinese made “brain” or CPU that is used in the Model 3 and another for the center-mounted touchscreen display. Both requests have been officially denied.

Eric Walz2019-06-13 11:41 PT

EV Startup NIO Announces New Joint Venture, Sends Stock 4% Higher

EV Startup NIO Announces New Joint Venture, Sends Stock 4% Higher

Shares in Chinese electric automaker NIO Inc. closed up nearly 4 percent Tuesday, closing at $4.00 a share after the electric automaker posted first-quarter earnings and announced it will form a joint venture with an investment corporation called NIO China.

FutureCar Staff 2019-05-28 18:19 PT

Volkswagen Announces EV Plants in China to Compete With Tesla

Volkswagen Announces EV Plants in China to Compete With Tesla

In roughly 12 months, Volkswagen aims to have two electric-vehicle plants in China operational to build a total of 600,000 battery-powered cars to take on Tesla.

Vineeth Joel Patel2019-05-19 06:00 PT

U.S. Lawmakers Are Supporting a Electric Vehicle Supply Chain Policy to Help Secure Raw Materials for EV Batteries

U.S. Lawmakers Are Supporting a Electric Vehicle Supply Chain Policy to Help Secure Raw Materials for EV Batteries

As more electric vehicles enter the market from global automakers, there are concerns about securing an ample supply of raw materials, including cobalt and lithium used in EV battery cell production. On Tuesday, U.S. lawmakers moved closer to developing a national electric vehicle supply chain policy, with senators voicing bipartisan support for legislation designed to counter China's dominance in metals production and EV battery manufacturing.

Eric Walz2019-05-15 10:00 PT

EV Startup Faraday Future Announces $225 Million in Bridge Financing

EV Startup Faraday Future Announces $225 Million in Bridge Financing

Financially strapped electric automaker Faraday Future (FF) has received another batch of fresh funding. The company announced a series of strategic moves designed to support completion and launch of its first electric vehicle, the flagship FF91 and support of its vendor and supply chain.

Eric Walz2019-04-30 05:00 PT

Aptiv Heading to China With Autonomous Technology

Aptiv Heading to China With Autonomous Technology

Building upon its programs in the United States and Singapore, Aptiv is expanding to China, where the automotive supplier will open a mobility R&D facility.

Vineeth Joel Patel2019-04-21 07:45 PT

Aptiv Heading to China With Autonomous Technology

Aptiv Heading to China With Autonomous Technology

Building upon its programs in the United States and Singapore, Aptiv is expanding to China, where the automotive supplier will open a mobility R&D facility.

Vineeth Joel Patel2019-04-21 07:45 PT

Toyota to Sell Electric Vehicle Technology to Chinese EV Startup Singulato

Toyota to Sell Electric Vehicle Technology to Chinese EV Startup Singulato

Toyota Motor Corp has agreed to sell electric car technology to EV startup Singulato Motors, its first deal with a Chinese electric vehicle startup. The deal to license EV technology will allow the startup carmaker to speed up development of a lower-priced, compact electric vehicle for the China market.

FutureCar Staff 2019-04-15 13:29 PT

Volvo to Build the XC40 SUV in China to Meet High Demand

Volvo to Build the XC40 SUV in China to Meet High Demand

Swedish automaker Volvo Cars has started producing its XC40 compact crossover SUV in China to bump up capacity to meet higher than expected demand. The popular Volvo XC40 was named the 2018 European Car of the Year.

FutureCar Staff 2019-04-12 12:41 PT

Chairman of EV Startup BYTON to Leave the Company, German Magazine Reports

Chairman of EV Startup BYTON to Leave the Company, German Magazine Reports

The chairman and co-founder of Chinese electric vehicle manufacturer Byton, Dr. Carsten Breitfeld, will leave the company soon, German business monthly Manager Magazin reported on Thursday. The company is facing trouble funding its planned expansion in the Chinese market, causing tensions which prompted the decision, the sources said.

FutureCar Staff 2019-04-11 14:13 PT

EV Startup SF Motors Rebrands as 'Seres', Opening Preorders for its SF5 Crossover Next Week

EV Startup SF Motors Rebrands as 'Seres', Opening Preorders for its SF5 Crossover Next Week

Electric vehicle startup SF Motors has officially changed its name to Seres and announced today that is opening up pre-orders for its first electric vehicle the SF5 crossover next week during the Shanghai Auto Show.

Eric Walz2019-04-10 19:07 PT

Daimler AG Looking to increase its Stake in BAIC Motors, its Joint Venture Partner in China

Daimler AG Looking to increase its Stake in BAIC Motors, its Joint Venture Partner in China

Now that China has relaxed the 50 percent cap on foreign ownership, Daimler AG is looking to increase its increase its 49 percent stake in Beijing Benz Automotive, its JV with state-owned BAIC Group.

FutureCar Staff 2019-03-22 18:56 PT

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