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EV Startup NIO to Launch a New Mass-Market Brand to Rival Tesla with an Annual Capacity of 500,000 Vehicles a Year

EV Startup NIO to Launch a New Mass-Market Brand to Rival Tesla with an Annual Capacity of 500,000 Vehicles a Year

Electric vehicle startup NIO Inc. aims to launch a new EV brand offering even more affordable vehicles to better compete against the Tesla Model 3 and Model Y in the China market, said CEO and chairman William Bin Li, on Thursday. The sub-brand will have an annual capacity of 500,000 electric vehicles a year.

Eric Walz2022-06-17 10:00 PT

The Affordable New Smart Brand Electric Crossover Designed by Mercedes-Benz Officially Launches in China

The Affordable New Smart Brand Electric Crossover Designed by Mercedes-Benz Officially Launches in China

The Smart brand, once was synonymous with the ultra-compact and low-priced Smart Fortwo, is getting a new life as an electric auto brand in China. The Smart brand is now a joint venture between Mercedes-Benz and Chinese automaker Zhejiang Geely Holding Group Co Ltd (“Geely”) named Smart Automobile Co., Ltd. The company officially launched its new electric SUV in China on June 6 dubbed the “Smart #1”.

FutureCar Staff 2022-06-09 13:00 PT

Tesla Challenger NIO Inc. Delivers its 200,000 Electric Vehicle, a Significant Milestone

Tesla Challenger NIO Inc. Delivers its 200,000 Electric Vehicle, a Significant Milestone

U.S.-listed electric vehicle startup NIO Inc is emerging as one of China’s promising new electric vehicle startups. The company has reached deliveries of 200,000 electric vehicles. Reaching deliveries of 200,000 vehicles is a significant milestone for NIO after launching its first mass-market vehicle, the ES8 SUV, in 2018.

Eric Walz2022-05-16 16:15 PT

Specs and Photos of NIO’s New ES7 Electric SUV Revealed in a Regulatory Filing in China Ahead of its Launch

Specs and Photos of NIO’s New ES7 Electric SUV Revealed in a Regulatory Filing in China Ahead of its Launch

Electric vehicle startup NIO Inc is planning to launch its latest model soon named the ES7, which is a fully-electric SUV that will compete with Tesla’s Model Y and BMW’s X5L SUV that’s sold in China. Although NIO has yet to reveal the full specs of its latest electric vehicle, the details were recently leaked in a regulatory filing in China ahead of its pending launch.

FutureCar Staff 2022-05-13 15:30 PT

Tesla Aims to Make China the ‘World’s Largest Vehicle Export Hub’ with a Second Factory

Tesla Aims to Make China the ‘World’s Largest Vehicle Export Hub’ with a Second Factory

Electric automaker Tesla Inc plans to build a second factory in China which would double its production capacity in the world’s biggest auto market. The plans were confirmed in a letter sent to local officials this week, which outlined how Tesla planned to further expand its plant in Shanghai.

FutureCar Staff 2022-05-05 10:15 PT

Tesla Added 27 More V3 Supercharger Stations to its Charging Network in China Last Month

Tesla Added 27 More V3 Supercharger Stations to its Charging Network in China Last Month

Electric automaker Tesla continues to build out its charging network in China at a rapid pace. The company added 27 new Supercharger stations last month comprising 147 charging piles, local media outlet CnEVPost reported on Friday. The new Tesla Superchargers are located in 20 Chinese cities, including Hangzhou, Guangzhou, Wuhan and Shanghai. All of the new chargers are Tesla's more powerful V3 Superchargers.

FutureCar Staff 2022-04-15 06:45 PT

BMW Revives i3 Moniker With an All-Electric 3-Series Sedan for China

BMW Revives i3 Moniker With an All-Electric 3-Series Sedan for China

BMW has brought back the i3 sedan in the form of the i3 eDrive35L, which will only be available in China starting later this May with 327 miles of range on China’s test cycle.

Vineeth Joel Patel2022-04-02 07:15 PT

Tesla Sold 56,515 China-Built Vehicles Last Month

Tesla Sold 56,515 China-Built Vehicles Last Month

​The China Passenger Car Association (CPCA), which tracks auto sales each month in the world’s biggest car market, said on Tuesday that electric automaker Tesla sold 56,515 China-built vehicles during the month of February. The total includes 33,315 vehicles for export. Tesla's rising sales in China comes amid growing competition from new EV startups, including NIO Inc. and XPeng Inc.

FutureCar Staff 2022-03-08 14:55 PT

Tesla Plans to Start Work on a New Plant in China to Double its Production Capacity

Tesla Plans to Start Work on a New Plant in China to Double its Production Capacity

​Electric automaker Tesla plans to begin work on a new plant in China to double its manufacturing capacity in the world’s biggest automaker market, Reuters reported citing sources familiar with the matter. Work on the new facility could begin as early as next week.

Eric Walz2022-02-25 09:30 PT

Mapping Company eMapgo Will Help Power Ford’s BlueCruise Autonomous Driving Feature on Vehicles Sold in China

Mapping Company eMapgo Will Help Power Ford’s BlueCruise Autonomous Driving Feature on Vehicles Sold in China

​China-based spatial-temporal intelligence big data services company Luokung Technology Corp a provider of interactive location-based services (LBS) and high-definition maps (HD Maps) in China, announced that its affiliate eMapgo will provide mapping services for two new Ford vehicle models for the China market, the Ford EVOS and Mach-E electric SUV.

FutureCar Staff 2022-02-24 12:00 PT

China’s XPeng Sets Up a New Autonomous Driving Company for Robotaxis

China’s XPeng Sets Up a New Autonomous Driving Company for Robotaxis

​Electric vehicle startup XPeng has established an autonomous driving subsidiary named “Guangzhou Pengxu Autonomous Driving Technology Co., Ltd.” that will focus on commercial mobility services, Chinese news outlet Gasgoo reports. During Xpeng’s Q3 financial report conference in Nov 2021, XPeng chairman and CEO He Xiaopeng, said the company plans to launch its own robotaxi service in the second half of 2022.

FutureCar Staff 2022-02-22 16:00 PT

Tesla is ‘Virtually Recalling’ 26,047 China-made Model 3, Model Y Vehicles to Fix Heat Pump Software

Tesla is ‘Virtually Recalling’ 26,047 China-made Model 3, Model Y Vehicles to Fix Heat Pump Software

Electric automaker Tesla is recalling another 26,000+ vehicles in China due to malfunctioning heat pumps which can lead to inefficient heating of the cabin and affects the performance of the windshield defoggers. All of the vehicles will receive an over-the-air (OTA) software update to fix software that controls the operation of the heat pump.

FutureCar Staff 2022-02-18 14:30 PT

BMW to Pay $4.2 Billion to Take Control of its Chinese Joint Venture

BMW to Pay $4.2 Billion to Take Control of its Chinese Joint Venture

​Automaker BMW is paying 3.7 billion euros (US$4.2 billion) to raise its stake in its joint venture with Chinese automaker Brilliance China Automotive Holdings Ltd. The joint venture was founded in 2003 and produces BMW vehicles with internal combustion engines and electric vehicles for the China market.

Eric Walz2022-02-11 09:30 PT

Shares of U.S. Listed Tesla Challenger XPeng to be Included in the Shenzhen-Hong Kong ‘Stock Connect Program’

Shares of U.S. Listed Tesla Challenger XPeng to be Included in the Shenzhen-Hong Kong ‘Stock Connect Program’

Electric vehicle startup XPeng Inc announced that its shares will be included in the Shenzhen-Hong Kong Stock Connect Program, which will allow investors in mainland China to buy shares of the company for the first time. Xpeng became the first EV company to achieve a dual-primary listing on both the New York Stock Exchange and the Hong Kong Stock Exchange on July 7, 2021, after its shares began trading in Hong Kong.

Eric Walz2022-02-09 10:00 PT

U.S. Listed EV Startup XPeng Inc Delivers Nearly 13,000 Vehicles in January, its 5th Consecutive Month of Over 10,000 Units

U.S. Listed EV Startup XPeng Inc Delivers Nearly 13,000 Vehicles in January, its 5th Consecutive Month of Over 10,000 Units

​Electric vehicle startup XPeng, which is one of Tesla’s biggest competitors in China, is off to a strong start in the new year. The company announced its delivered 12,992 electric vehicles in the month of January. It was the company’s fifth consecutive month of over 10,000 EV deliveries and represents a 115% increase year-over-year.

Eric Walz2022-02-01 12:30 PT

U.S. Listed EV Startups XPeng & Li Auto Surpass Rival NIO in New Energy Vehicle Registrations for 2021 in China

U.S. Listed EV Startups XPeng & Li Auto Surpass Rival NIO in New Energy Vehicle Registrations for 2021 in China

​China’s “big three” New Energy Passenger Vehicle (NEPV) startups XPeng, Li Auto and NIO Inc are all gaining ground on Tesla in China. In Nov 2021 for example, Xpeng reported its second consecutive month of record electric vehicle sales, which topped 10,000 for each month. Although NIO outsold its rivals for the first eleven months of 2021, the automaker failed to hold on to its lead and finished in fourth place respectively.

Eric Walz2022-01-28 11:00 PT

Baidu & Geely’s New Smart Electric Vehicle Company JiDU Raises $400 Million in Series A Round

Baidu & Geely’s New Smart Electric Vehicle Company JiDU Raises $400 Million in Series A Round

Newly formed intelligent electric vehicle company JIDU announced that it has closed on $400 million in Series A financing. The funding round was backed by China’s internet giant Baidu Inc and its strategic partner automaker Zhejiang Geely Holding Group ("Geely"). JIDU is committed to creating a revolutionary electric vehicle that combines “intelligence and emotion”, which it says will lead to a profound change in personal transportation.

Eric Walz2022-01-26 09:00 PT

Ford Motor Co Delivers the First Electric Mach-Es to Customers in China

Ford Motor Co Delivers the First Electric Mach-Es to Customers in China

​Ford Motor Co announced on Sunday that it has started deliveries of the electric Mach-E to the first customers in China. Ford announced its plans to sell the Mach-E electric SUV in China in January. The locally produced Mach E is being manufactured at Changan Ford’s manufacturing plant in Chongqing. The 50/50 joint venture company between Changan Automobile and Ford was founded in 2001.

Eric Walz2021-12-27 10:00 PT

Autonomous Driving Technology Developer AutoX Unveils its 'Robotaxi Assembly Line' in China

Autonomous Driving Technology Developer AutoX Unveils its 'Robotaxi Assembly Line' in China

Autonomous driving technology developer AutoX has unveiled its robotaxi assembly line in China, where it plans to produce thousands of self-driving vehicles for autonomous mobility services in China. The robotaxis are being built using Chrysler Pacifica minivans from Fiat Chrysler Automobiles (FCA), which is the same vehicle being used by Waymo in the U.S. for its autonomous ride-hailing service.

Eric Walz2021-12-22 14:30 PT

Tesla Sells Nearly 53,000 China-made Vehicles in November

Tesla Sells Nearly 53,000 China-made Vehicles in November

​Electric automaker Tesla continues to grow sales of its China-built vehicles. The company sold 52,859 China-made vehicles in November, including 21,127 for export, the China Passenger Car Association (CPCA) said on Wednesday.

FutureCar Staff 2021-12-08 13:00 PT

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