Toyota Motor Corp announced today that if officially launched its new joint venture company with Chinese automaker BYD. The new company will focus on the research and development of battery electric vehicles (BEVs) in China, the world’s biggest auto market.
Eric Walz2020-04-02 11:45 PT
Polestar announced today that production of the Polestar 2 is underway in Luqiao, China. Polestar is the new electric performance car brand jointly owned by Volvo Car Group and Chinese automaker Zhejiang Geely Holding (Geely). The company is operated by Sweden-based Volvo Cars as a standalone performance EV brand.
Eric Walz2020-03-24 15:00 PT
Chinese electric vehicle startup Xpeng Motors announced today that it was granted permission from the National Highway Traffic Safety Administration (NHTSA) to test its new P7 fully-electric sedan on public roads in the U.S.
Eric Walz2020-03-17 10:50 PT
The shuttering of manufacturing facilities the furlough of employees due to the Coronavirus is having a ripple effect in the global auto industry. The shutdown in China is disrupting the supply chains of automakers in the U.S., Mexico and Europe that rely upon a steady shipment of auto parts from Chinese suppliers.
FutureCar Staff 2020-03-11 11:55 PT
Chinese electric vehicle startup NIO announced it will issue and sell convertible notes in an aggregate principal amount of US$235 million to several unaffiliated Asia-based investment funds through private placements. Earlier this year, the automaker warned that it would need additional capital to make its through 2020.
Eric Walz2020-03-06 14:15 PT
According to research by BloombergNEF, European automakers and governments will move toward helping curb global warming with stricter carbon emissions regulations, which could force an electric-vehicle revolution.
Vineeth Joel Patel2020-01-27 10:00 PT
Tesla announced in a post on its official Chinese Weibo account that it will use Baidu’s mapping services for its vehicles in China. The company said that its map data service provider will be replaced by Baidu so Tesla owners can have a “better driving experience on the road.”
Eric Walz2020-01-21 14:30 PT
Italian American automaker Fiat Chrysler is looking to bolster its presence in China and plans to build electric, connected vehicles for the world’s biggest auto market in a new joint venture with Foxconn.
FutureCar Staff 2020-01-16 14:05 PT
Electric automaker Tesla plans to open a design and research center in China to make what it called “Chinese-style” vehicles. The made the announcement in a recruitment notice on the Chinese social media platform WeChat, which is the equivalent of Twitter in China.
FutureCar Staff 2020-01-16 11:35 PT
Electric carmaker Lixiang Automotive has filed for a confidential U.S. IPO this week and is making plans to become the second Chinese automaker behind NIO to launch an IPO in the U.S.
FutureCar Staff 2020-01-03 14:50 PT
Chinese electric vehicle startup NIO, which is going up against rival Tesla in its home market, beat its quarterly revenue estimates due to rising demand for its electric vehicles. The news sent NIO’s share price up around 40% on Monday.
Eric Walz2019-12-30 08:35 PT
Less than twelve months after construction began, electric automaker Tesla will deliver the first Model 3 sedans built at the company’s new Shanghai gigafactory.
Eric Walz2019-12-27 09:30 PT
Automakers and tech companies may be going all in on autonomous vehicles globally, but a recent survey reveals that they’ll find more willing consumers in China than in Europe and the United States.
Vineeth Joel Patel2019-12-24 06:00 PT
Mercedes Benz parent Daimler’s Chinese joint venture partner Beijing Automobile Group Co Ltd (BAIC) is looking to increase stake in the Stuttgart-based automaker in a bid to become a bigger shareholder than its rival Zhejiang Geely Holding Group (Geely). According to a report from Reuters, BAIC plans to double its stake in Daimler to around 10% and also secure a board seat with the German luxury automaker.
Eric Walz2019-12-16 10:50 PT
Tesla announced on Friday its Chinese-built Model 3 cars would receive state subsidies, a move that will help boost Tesla’s push into China, the world’s biggest market for EVs and an important market for the California-based electric automaker.
FutureCar Staff 2019-12-06 15:15 PT
German automaker BMW and its Chinese partner Great Wall Motor said they plan to build a plant in China with a capacity of 160,000 cars per year. The new plant will produce the BMW electric MINI and Great Wall Motor models.
Eric Walz2019-11-29 10:45 PT
Electric vehicle startup Xpeng Motors today announced the signing of its Series C capital funding of US$400 million. The funding comes from a group of strategic and institutional investors, including corporate and individual investors and private equity firms.
Eric Walz2019-11-12 17:00 PT
Tesla unveiled its first run of vehicles built in China late last week, an important milestone for the company as it prepares to start sales of domestically made electric sedans in China. The Deep Metallic Blue-painted Model 3s include Tesla badging in Chinese characters, differentiating them from their U.S. built counterparts.
FutureCar Staff 2019-11-11 16:30 PT
China’s BYD Company Ltd. (BYD) and Japan’s Toyota Motor Corporation announced that they have signed an agreement to establish a joint company to research and development of electric vehicles.
Eric Walz2019-11-08 11:00 PT
Chinese electric car startup Nio is partnering with Intel’s autonomous driving subsidiary Mobileye to develop self-driving vehicles for the consumer market in China and eventually to other overseas markets.
Eric Walz2019-11-05 10:05 PT
Eric WalzApr 01, 2020 2:15 PM PT
Eric WalzMar 31, 2020 1:15 PM PT
Eric WalzMar 30, 2020 10:40 AM PT
Manish KharintaMar 29, 2020 4:00 PM PT