FAW considers taking over BMW partner Brilliance

Chinese state-owned carmaker FAW is considering taking over BMW’s local partner Brilliance. The background is the precarious financial situation of Brilliance’s largest shareholder, the Huachen Automotive Group, which is on the verge of bankruptcy. According to Reuters, the FAW Group, which also produces electric cars for the Chinese market together with Volkswagen and Audi, could […]

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VW ID.4 entry-level versions now up for pre-sale

After the pre-sale of the special edition VW ID.4 1ST, VW is now starting the pre-sale of other models of the ID.4 – this includes versions with a smaller battery. Deliveries to customers in Europe and China are scheduled to begin in March, and in the USA from the middle of the year. Pre-sales will […]

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Is the Daimler-BYD JV Denza about to fall in China?

The electric car joint venture between Daimler and BYD in China with the Denza brand is apparently facing an uncertain future. According to a German media report, Daimler insiders talk about a “disaster” given the persistently low sales numbers. As reported by the Handelsblatt, there are more and more voices in the German company that […]

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BMW considers moving up i4 production

BMW is bringing forward the start of production of the all-electric i4 from the end of the year to August or September, according to a media report. This means that the first cars could be delivered in Germany by the end of the year. In China, meanwhile, BMW has significantly reduced the price of its […]

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Ford to make Mustang Mach-E with Changan in China

Ford will launch the Mustang Mach-E in China this year, and the Changan joint venture is to handle local production. Ford has not yet given any details on the planned production volume for the Mustang Mach-E in China. The company’s mighty electric SUV has come to market with delays. Deliveries in the US appeared close […]

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All Nissan models electrified from early 2030s

Nissan has announced plans to electrify every new model in Japan, China, the US and Europe from the early 2030s. The carmaker also plans to accelerate the introduction of electric and hybrid cars in China under its main brand and its Chinese brand Venucia. The goal of electrifying every new model in Japan, China, the […]

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Faraday Future looks to China for production

According to industry insiders, the Californian electric car startup Faraday Future is planning to build a plant in China with an initial annual production capacity of over 100,000 vehicles. The sources say that Faraday Future is negotiating with Geely about contract manufacturing. The move to China was reported by the Reuters news agency, citing three […]

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Evergrande shares raise 3.35 billion US dollars

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Evergrande New Energy Vehicle, the electric car offshoot of the Chinese Evergrande Group, has again raised capital equivalent to around 3.35 billion US dollars by selling further shares to six China-based investors. In September 2020, the company had already raised around half a billion US dollars in capital through a share sale; at the time, […]

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BYD & Nio gather billions in funds

Chinese electric manufacturers BYD and Nio have raised fresh money. While BYD raised around 3.9 billion US dollars through the sale of new shares, Nio successfully placed two bonds totalling 1.5 billion US dollars. BYD‘s shares, which are traded on the Hong Kong Stock Exchange, have gained around 400 per cent in value over the […]

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