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SAIC Unveils Inaugural Custom Ocean-Going Car Carrier for Enhanced Export Capacity
2023-08-30 Trade News
In a recent update, it was noted that a selection of Chinese automobile manufacturers, including Chery and Nio, had intentions to acquire their very own vehicle transport vessels. SAIC Motor Corp has successfully concluded the construction of its inaugural custom-designed oceanic car carrier. This achievement sets the stage for increased…
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Neta Auto Successfully Raises RMB 7 Billion in Landmark Crossover Financing Round
2023-08-30 Car News
Neta Auto, a prominent player in the realm of new energy vehicles (NEVs), has taken a significant step forward by concluding a noteworthy Crossover financing round, raising an impressive RMB 7 billion (approximately $960 million) in capital. The financing marks Neta's first major funding endeavor in the past year and…
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Xpeng’s Mona Project: Pioneering a New Frontier in Branding and EV Innovation
2023-08-29 Car News
Xpeng's CEO has revealed that the initiation of the Mona initiative marks the genesis of a potential second, or even third, brand within the Xpeng umbrella. This brand is strategically oriented towards a broad spectrum of consumers as well as corporate clients. Following the announcement of a strategic partnership with…
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Climbing Heights: Nio’s Sales Surge and Strategic Moves Analyzed
2023-08-29 Car News
After implementing a substantial price reduction in June, Nio's order volume reached its zenith in July, a trend illuminated by insights from Morgan Stanley. Nio (NYSE: NIO) initiated a RMB 30,000 ($4,110) price decrease across its entire model range in mid-June, eliciting curiosity regarding the potential influence on order placements.…
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Unveiling Changan’s Qiyuan Brand and its Vision for Intelligent Electric Mobility
2023-08-29 Car News
Changan Automobile, a prominent player in the Chinese automotive industry, has unveiled its latest venture in the realm of electric vehicles (EVs) - the Qiyuan brand. The official launch of Qiyuan took place on August 27th, marking the company's aspiration to craft a line of intelligent EVs that continually evolve.…
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BYD Electronic Acquires Jabil’s Mobile Electronics Manufacturing Business in China
2023-08-29 Car News
BYD Electronic's expansion strategy takes a significant leap as it announces the acquisition of Jabil Inc's mobile electronics manufacturing arm in China, a move aimed at solidifying its customer outreach and diversifying its product portfolio in the smartphone components sector. In a recent disclosure to the Hong Kong stock exchange,…
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