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Volkswagen’s $700 Million Investment Boosts Xiaopeng Motors’ Stock Price by 40% in 40 Minutes
2023-07-27 Car News / News
Volkswagen and Xpeng Motors Announce Joint Development of Two Electric Models Under Volkswagen Brand Following Volkswagen's announcement of a technical cooperation framework agreement with Xiaopeng Motors and an investment of $700 million in shares, Xiaopeng Motors' US stock price surged significantly. As of the latest update, the U.S. stock price…
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Xpeng and Volkswagen’s First Model: G9-Based Complete Vehicle Platform with Smart Cabin and Intelligent Driving Features
2023-07-27 Car News / News
On July 26, Volkswagen and Xpeng Motors announced a technical cooperation framework agreement, with Volkswagen investing $700 million in Xpeng Motors. The collaboration will leverage Xpeng Motors' vehicle platform, smart cockpit, and intelligent driving system, while Volkswagen will provide its world-leading engineering and supply chain capabilities. The negotiations between the…
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BYD: On Par with Tesla? Enabling Large Cylindrical Batteries
2023-07-26 Car News / News
The "BYD Purchasing and Supply Management" public account recently issued a recruitment announcement, revealing its plans to openly recruit suppliers for fully automatic baking line equipment dedicated to large cylindrical batteries in 2023. The recruitment period runs from July 18, 2023, to August 1, 2023. The sought-after product equipment is…
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What is the extent of BYD’s international sales and its performance in foreign markets?
2023-07-25 Car News / News
So far, BYD has established production bases in various countries including the United States, Japan, Canada, Brazil, and India. They export new energy vehicles to numerous overseas countries and regions, resulting in significant sales abroad. In 2022 alone, BYD exported a total of 5,590 new energy vehicles. [caption id="attachment_3984" align="aligncenter"…
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Mercedes CEO: China to Lead Next EV Offensive from 2025 Onward
2023-07-25 Car News / News
Despite facing temporary challenges in sales, German luxury automaker Mercedes-Benz is optimistic about the Chinese market's potential. The upcoming e-architecture launching in 2025 will mark the beginning of Mercedes-Benz's ambitious electric offensive, with China positioned as the central focus, according to CEO Ola Kaellenius in an interview with German automotive…
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Li Auto Clarifies Reasons Behind Lawsuit Against Auto Film Store with Same Chinese Name
2023-07-25 Car News / News
[caption id="attachment_4271" align="aligncenter" width="1134"] Li Auto L7[/caption] Li Auto, the Chinese electric vehicle manufacturer, has provided further explanation regarding its lawsuit against an auto film store that shares the same Chinese name. The company stated that it respects the fair use of the term "Li Xiang" by other companies and…
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