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Struggling Evergrande NEV Secures $500 Million Investment from Middle Eastern Investor
2023-08-15 Car News
Evergrande New Energy Vehicle Group (Evergrande NEV), the electric vehicle subsidiary of China Evergrande Group, has secured a significant boost in the form of a strategic investment of approximately $500 million from NWTN Inc (Nasdaq: NWTN), a Dubai-based green energy company specializing in high-end EV products and green energy solutions.…
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Fang Cheng Bao, a Brand under BYD, Reveals Official Images of Inaugural Model: Leopard 5
2023-08-15 Car News
Fang Cheng Bao, the new sub-brand under BYD, has taken a significant step forward in revealing its debut model, the Leopard 5. The brand recently released a series of official exterior images on its various Chinese social media platforms, showcasing intricate design elements and details. Positioned as the pioneer model…
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BYD and Ayala Forge Partnership to Introduce Diverse Electric Vehicles in the Philippines
2023-08-14 Car News
BYD has partnered with Philippine conglomerate Ayala to introduce electric vehicles (EVs) to the Philippine market. Ayala, a major player in various industries such as power, telecommunications, real estate, retail, automobiles, and banking, has a sustainability goal of achieving net-zero greenhouse gas emissions by 2050. [caption id="attachment_5253" align="aligncenter" width="1280"] (Image:…
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Geely’s All-Electric Sedan Coupe, Galaxy E8, Spotted in China, Set to Debut in Q4 2023
2023-08-14 Car News
Geely's upcoming release, the Galaxy E8, an all-electric sedan coupe, has been spotted during road testing in China. This marks the third addition to Geely's Galaxy series, following the L7 and the soon-to-be-launched L6. Expected to hit the market in Q4 2023, the Galaxy E8 is anticipated to have a…
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Tesla Slashes Model Y Prices in China and Introduces Insurance Subsidy for Model 3
2023-08-14 Car News
Tesla has implemented significant changes in China's EV market, reducing the prices of select Model Y variants and introducing a noteworthy insurance subsidy for Model 3 inventory cars. [caption id="attachment_5233" align="aligncenter" width="1200"] (Image: Tesla Model Y)[/caption] The renowned US electric vehicle manufacturer has executed a price reduction of RMB 14,000…
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Great Wall Motors Expands into Indonesian Market, Joining Array of Chinese Automakers
2023-08-13 Car News
Marking a strategic expansion into the Indonesian automotive landscape, Great Wall Motors has officially introduced its GWM brand to Indonesian consumers. The company unveiled an impressive lineup, including models like the Tank 500 HEV, Haval H6 HEV, Haval Jolion HEV, and Ora Funky Cat, during the Gaikindo Indonesia International Auto…
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