German automaker Audi is expanding its presence in China, which is the world’s biggest auto market. Audi announced on Monday a new company with Chinese automaker FAW Group for the future production of electric vehicles in Changchun in the northeast of China. The new joint venture company is named Audi-FAW.
FutureCar Staff 2021-01-18 15:30 PT
Chinese EV startup and Tesla competitor Xpeng is one step closer to goal for self-driving cars. The company unveiled the beta version of its autonomous driving feature called Navigation Guided Pilot (NGP), which is similar to Tesla’s Autopilot and its Full Self-Driving feature. NGP is a key feature of Xpeng’s XPILOT 3.0 autonomous driving platform.
Eric Walz2021-01-15 15:25 PT
Beijing-based Horizon Robotics announced on Jan. 7 it raised $400 million in its Series C2 financing, which is led by Chinese battery manufacturer CATL, one of the world’s biggest suppliers of electric vehicle batteries to the auto industry, including Tesla. The startup is seeking to dominate the market for powerful embedded AI-powered chips for the millions of autonomous driving vehicles that the company expects to be on the road in China by 2025.
Eric Walz2021-01-07 11:00 PT
Taiwan-based iPhone maker Foxconn Technology Group will add electric vehicles to the growing list of products it assembles. Foxconn has signed a strategic cooperation deal with Chinese electric-vehicle startup Byton Ltd to mass produce the startup’s electric M-Byte SUV. Production is expected to start in the first quarter of 2022.
Eric Walz2021-01-04 15:00 PT
China’s newest New Energy Vehicle (NEV) startup Li Auto is off to a good start in 2020. On Friday, the company announced it reached cumulative sales of 30,000 units so far this year. The 30,000 sales milestone is a first for a startup automaker in the country.
Eric Walz2020-12-18 12:50 PT
After becoming the world’s most valuable car company in 2020 with a market cap topping $400 billion, Tesla is aggressively working to expand its manufacturing footprint in China, which is the world’s biggest auto market. The California company was just given the green light to sell the Model Y crossover in China. The EV will be built at Tesla's Shanghai factory.
FutureCar Staff 2020-11-30 12:00 PT
Now that the automaker unveiled the R1T pickup truck and R1S SUV, the electric automaker is looking to expand its lineup with smaller electric vehicles that will be tailored for consumers in Europe and China.
Vineeth Joel Patel2020-11-22 08:00 PT
German automaker BMW is now exporting its China-built iX3 electric SUV to countries around the world. The iX3 is being built by Brilliance BMW, the automaker’s joint venture with Chinese vehicle manufacturer Brilliance Auto, which was launched in March 2003. The first China-made iX3s were shipped on Nov. 11 from the Port of Dalian to 39 countries and districts, most of which are in Europe.
FutureCar Staff 2020-11-13 12:55 PT
On Tuesday, Volkswagen launched the ID.4 CROZZ and ID.X fully-electric models for the China market. The ID.4 CROZZ is being manufactured by Volkswagen’s joint venture with China’s FAW Group, while the ID.4 X is being built by SAIC Volkswagen.
Eric Walz2020-11-03 12:20 PT
China's newest new energy vehicle producer Li Auto, which is publicly traded in the U.S., has reported brisk sales of its first vehicle, the Li ONE SUV. Li Auto is among a new crop of electric vehicle companies including Xpeng Motors and NIO Inc. that are emerging as rivals to U.S. automaker Tesla in China.
Eric Walz2020-10-19 16:30 PT
Electric automaker Tesla has confirmed that its will ship Model 3 sedans built at its new Shanghai factory to customers in Europe. The electric cars will be shipped to ten countries in Europe beginning this month, including Germany, France, Italy and Switzerland, the automaker said.
Eric Walz2020-10-19 09:00 PT
Tesla is ready to start building some Model 3 vehicles in China equipped with more affordable cobalt-free lithium iron phosphate (LFP) batteries, two people familiar with the matter said. In June, Tesla received government approval to build its Model 3s in China using the LFP batteries.
Eric Walz2020-09-30 12:05 PT
German automaker BMW is increasing its battery production capacity in China to meet the growing demand for its partial and fully-electric vehicles, as the automaker gears up to build new fully electric models. The BMW Brilliance Automotive (BBA) joint venture has expanded its battery factory in Tiexi with the establishment of a new “High-Voltage Battery Center.”
Eric Walz2020-09-14 12:20 PT
Electric automaker Tesla is planning to export Model 3 sedans built at its Shanghai factory to Asia and Europe, according to sources. The first China-built Model 3s for delivery outside the country likely will start mass production in the fourth quarter, Bloomberg reports.
FutureCar Staff 2020-09-11 15:15 PT
U.S. electric automaker Tesla is expected to have impressive sales numbers for the rest of the year in China, according to China’s Passenger Car Association (CPCA), which tracks sales in the world’s biggest auto market. Tesla sales for 2020 are estimated to be 100,000+ vehicles, despite the effect of the pandemic earlier this year which led to the shut down of most of China’s auto production and sales.
FutureCar Staff 2020-08-12 19:30 PT
Electric automaker Xpeng Motors is planning to list its shares on the New York Stock Exchange (NYSE), becoming the latest electric vehicle company to launch an IPO in the U.S. to raise new capital to challenge Tesla. Xpeng is hoping to cash in on the current investor trend of pouring money in new electric vehicle startups.
Eric Walz2020-08-09 10:00 PT
Xpeng Motors, which is emerging as one of China's leading new electric vehicle startups, announced a new financing round equal to around US$500 million. The latest funding round follows a Series C funding round of US$400 million in Nov 2019. With its latest funding round, the electric automaker is poised to become a strong competitor to Tesla in China.
Eric Walz2020-07-20 09:00 PT
Electric vehicle startup Byton, which hoped to bring its futuristic M-Byte SUV to the market by this year, announced that it is suspending its operations for the next 6 months, beginning on July 1. Byton is suspending operations to review its business operations amid China’s cooling auto market. However, sources inside and outside of the company said that the chances Byton will emerge from its self-imposed hiatus seems unlikely.
Eric Walz2020-06-30 13:00 PT
Electric performance car brand Polestar its expanding its retail presence in China as the company looks to compete with U.S. electric automaker Tesla in the world’s biggest auto market. Polestar plans to open around 20 “Polestar Spaces” where prospective owners can check out the company’s electric vehicles up close and in a zero pressure environment.
FutureCar Staff 2020-06-02 15:25 PT
While Tesla's new Shanghai factory gives the company a foothold in the world’s biggest auto market for the first time, Tesla is facing growing competition from a new crop of electric vehicle startups following in its footsteps and hoping to grab a piece of China’s growing EV market.
Manish Kharinta2020-05-12 19:00 PT
Vineeth Joel PatelJan 18, 2021 7:10 AM PT
Vineeth Joel PatelJan 17, 2021 7:20 AM PT
Vineeth Joel PatelJan 16, 2021 8:00 AM PT