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Shanghai Plant Achieves Milestone as Tesla Produces its 5 Millionth Vehicle
2023-09-18 Car News
Tesla has achieved a significant milestone by producing its 5 millionth vehicle, a white, updated Model 3 sedan, at its Shanghai factory. This achievement marks a major milestone for the electric vehicle (EV) manufacturer, which was founded in 2003. Tesla's journey to 5 million vehicles produced has been remarkable: It…
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BYD Chairman Raises Concerns Over Depleting Fossil Fuel Resources
2023-09-17 Car News
Wang Chuanfu, chairman and president of BYD, has urged humanity to reduce its dependence on fossil fuels and transition to new energy sources as quickly as possible for sustainable development. In a speech at the 2023 ESG Global Leaders Conference in Shanghai, Wang highlighted the heavy cost to human society…
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Shenzhen Provides Up to $1,370 in Subsidies to Boost New Energy Vehicle Purchases
2023-09-17 Car News
Shenzhen, a mega-city in southern China, has introduced a new policy to promote the purchase of New Energy Vehicles (NEVs). According to a document released today on boosting consumption, residents of Shenzhen can receive a subsidy of up to RMB 10,000 ($1,370) if they scrap or move out cars with…
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Zeekr Delivers First Batch of Zeekr X Electric Vehicles to Europe
2023-09-17 Car News
Zeekr, Geely Holding Group’s premium electric vehicle (EV) subsidiary, has started shipping the first Zeekr X electric SUVs to Europe. This follows the shipment of the first Zeekr 001s to Europe about a month ago. The European version of the Zeekr X, which recently rolled off the assembly line, supports…
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Nio’s new EC6 starts at $2,750 more than the ES6
2023-09-17 Car News
Nio has unveiled the new EC6, marking the completion of the transition from the older NT 1.0 to the latest NT 2.0 platform for all its models. The starting price for the new EC6 is RMB 358,000 ($49,200), which is RMB 20,000 ($2,750) more than the starting price of the…
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Xpeng’s Aggressive Expansion: 150 New Dealer Stores to Fuel Traditional Sales Approach
2023-09-14 Car News
Xpeng plans to add 500 stores with integrated sales and service functions, 1,000 experience centers and satellite stores in the next three years, according to local media reports. Local media reported earlier this week that Xpeng (NYSE: XPEV) would increase the proportion of dealer stores, providing more details, according to…
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