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Toyota & BYD Officially Launch Joint Venture Company to Build Electric Vehicles in China

Toyota & BYD Officially Launch Joint Venture Company to Build Electric Vehicles in China

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

Production of the Electric Performance Polestar 2 Begins in China

Production of the Electric Performance Polestar 2 Begins in China

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 EV Startup XPeng Motors Granted Permit to Test its New P7 Sedan on Roads in the U.S.

Chinese EV Startup XPeng Motors Granted Permit to Test its New P7 Sedan on Roads in the U.S.

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 Coronavirus is Disrupting Auto Manufacturing in Mexico and Europe as Parts Shipments From China Slow

The Coronavirus is Disrupting Auto Manufacturing in Mexico and Europe as Parts Shipments From China Slow

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 EV Startup NIO Raises $235 Million Through Private Placements as its Runs Low on Cash

Chinese EV Startup NIO Raises $235 Million Through Private Placements as its Runs Low on Cash

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

EV Buyers Can Expect Cheaper Batteries and More Chargers in 2020

EV Buyers Can Expect Cheaper Batteries and More Chargers in 2020

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 Announces it Will Use Baidu Maps in its China-Made Vehicles

Tesla Announces it Will Use Baidu Maps in its China-Made Vehicles

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

Fiat Chrysler & Foxconn Plan an Electric Vehicle Joint Venture in China

Fiat Chrysler & Foxconn Plan an Electric Vehicle Joint Venture in China

​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

Tesla Plans to Open a Design Center in China, Sends Out a Recruitment Notice on Social Media

Tesla Plans to Open a Design Center in China, Sends Out a Recruitment Notice on Social Media

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

Chinese Automaker Lixiang Automotive Has Filed for a Confidential U.S. IPO, Sources Say

Chinese Automaker Lixiang Automotive Has Filed for a Confidential U.S. IPO, Sources Say

​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 Tesla Rival NIO Reports Higher EV Demand, Stock Soars 40%

Chinese Tesla Rival NIO Reports Higher EV Demand, Stock Soars 40%

​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

Tesla to Deliver the First China-made Model 3s on Dec. 30

Tesla to Deliver the First China-made Model 3s on Dec. 30

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

Chinese Consumers More Trusting of Autonomous Cars Than Westerners, Claims Survey

Chinese Consumers More Trusting of Autonomous Cars Than Westerners, Claims Survey

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

Chinese Automaker BAIC is Planning to Raise its Stake in Daimler to Become its Biggest Shareholder

Chinese Automaker BAIC is Planning to Raise its Stake in Daimler to Become its Biggest Shareholder

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 Model 3's Built in China Will Be Eligible for New Energy Vehicle Subsidies

Tesla Model 3's Built in China Will Be Eligible for New Energy Vehicle Subsidies

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

BMW to Build a New Auto Plant in China with Great Wall Motor to Produce the Electric MINI

BMW to Build a New Auto Plant in China with Great Wall Motor to Produce the Electric MINI

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

Chinese Electric Vehicle Startup Xpeng Motors Raises $400 Million in Series C Funding

Chinese Electric Vehicle Startup Xpeng Motors Raises $400 Million in Series C Funding

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 Unveils the First Model 3 Sedans Made in China

Tesla Unveils the First Model 3 Sedans Made in China

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

Toyota & BYD Establish Joint Company in China for Electric Vehicle Development

Toyota & BYD Establish Joint Company in China for Electric Vehicle Development

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

EV Startup NIO to Partner with Intel’s Mobileye on Self-Driving Cars

EV Startup NIO to Partner with Intel’s Mobileye on Self-Driving Cars

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

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