Xiaomi registers electric vehicle subsidiary company

The Chinese technology company Xiaomi has completed the registration of a new automobile company, with a registered capital of RMB 10 billion (around $1.5 billion), with founder & CEO Lei Jun to serve as the new company’s legal representative. Just the drive technology for electric passenger vehicles is not the only area of interest for […]

Volkswagen calls on ID.3 to boost struggling China EV sales

Volkswagen’s ID.3 all-electric vehicle will make its way to China in Q4 in hopes to harness the momentum from the growing Chinese EV market to boost VW’s lackluster sales in the region. The German automaker has both the ID.4 crossover and the China-only ID.6 available for purchase currently, but Volkswagen is attempting to push things […]

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Lotus Technology Global HQ Established In China As Future Lotus EV Product Plan Unveiled

Lotus Technology has officially launched its global headquarters with a ‘breaking-ground’ ceremony in Wuhan, China. Lotus Technology is a new division of Group Lotus, a global ‘intelligent technology’ subsidiary which augments the brand’s DNA and techn…

Zeekr raises $500 million from investors

Geely’s premium electric car brand Zeekr has raised a total of 500 million US dollars from external investors – the equivalent of about 424 million euros. The five strategic investors include the Chinese battery cell manufacturer CATL. Zeekr signed investment partnerships with Intel Capital, CATL, Bilibili, the Cathay Fortune Group and Boyu Capital to “expand […]

Faraday is getting ready to hit the market

The American/Chinese startup Faraday Future is aligning itself to boost production and sales in the USA. A cooperation with installation provider Qmerit will help with charging, while the board of directors has a new chair. Further, Faraday is planning to significantly expand their workforce. Faraday’s cooperation with Qmerit is aimed to “support future FF 91 […]

Xpeng increases deliveries and losses

The Chinese electric car manufacturer Xpeng has presented its business figures for the second quarter of 2021. Deliveries climbed to 17,398 vehicles from April to June, an increase of 439 per cent compared to the previous year. Xpeng also announced plans to release at least two new models every year from 2023. Along with the […]