Autos

Nio’s Loss Widens to Near USD410 Million Despite Jump in Electric Carmaker’s Sales

Nio’s Loss Widens to Near USD410 Million Despite Jump in Electric Carmaker’s Sales

Electric car startup Nio’s net loss widened 57 percent in the third quarter even as revenue soared thanks to an uptick in deliveries.

Nov 7, 2018
Yang Haiyan
Evergrande Health Is Said to Seek Jia Yueting’s Ouster From Faraday Future

Evergrande Health Is Said to Seek Jia Yueting’s Ouster From Faraday Future

Evergrande Health Industry Group, the main investor in in dispute with troubled electric car startup Faraday Future, is looking to…

Nov 6, 2018
Xu Wei
 Tesla Picks Chinese-Owned Firm to Make Air Con Units

Tesla Picks Chinese-Owned Firm to Make Air Con Units

Tesla has picked a unit under China’s Aotecar New Energy Technology to make air conditioning units for some of its…

Nov 6, 2018
Zhang Yushuo
Tesla’s Shanghai Factory to Produce 3,000 Model 3 Cars a Week

Tesla’s Shanghai Factory to Produce 3,000 Model 3 Cars a Week

Tesla plans to raise the production capacity of its Model 3 cars to 10,000 in a week with 7,000…

Nov 5, 2018
Liao Shumin
China's First Self-Driving Taxi Starts Testing in Guangzhou

China's First Self-Driving Taxi Starts Testing in Guangzhou

China’s first driverless taxi started trial operations in Guangzhou yesterday, run by the Guangzhou Public Transport Group-operated Baiyun Taxi Group.…

Nov 2, 2018
Zhang Yushuo
Renault’s Investment Arm Backs Chinese Self-Driving Startup WeRide.Ai

Renault’s Investment Arm Backs Chinese Self-Driving Startup WeRide.Ai

Alliance Ventures, the venture capital arm of Renault-Nissan-Mitsubishi, has become the lead strategic investor in Chinese startup WeRide.Ai after investing…

Nov 2, 2018
Zhang Yushuo
Chinese Firm Pens Deal to Make Damping Parts for Volkswagen’s Modular Chassis

Chinese Firm Pens Deal to Make Damping Parts for Volkswagen’s Modular Chassis

Chinese rubber processor Zhongding Sealing Parts has won a contract to make electric vehicle parts for Volkswagen’s joint venture in China.

Nov 2, 2018
Tang Shihua
Faraday Picks Stifel to Help Close New Investors

Faraday Picks Stifel to Help Close New Investors

Faraday Future, the American electric carmaker led by embattled Chinese entrepreneur Jia Yueting, has appointed Stifel to help it secure…

Nov 2, 2018
Xu Wei
Japan’s Sumitomo Sets Up Auto Parts Distribution Unit in China

Japan’s Sumitomo Sets Up Auto Parts Distribution Unit in China

Japanese trading conglomerate Sumitomo plans to set up a joint venture in China’s Henan province to make aftermarket vehicle parts in the world’s largest auto market.

Nov 2, 2018
Zhang Yushuo
Chinese NEV Maker Singulato Postpones Launch of First Model

Chinese NEV Maker Singulato Postpones Launch of First Model

Chinese new energy vehicle startup Singulato Motors is erring on the side of caution by delaying the release of its…

Nov 2, 2018
Wu Ziye
China's Baidu, Volvo Team Up to Make Driverless Cabs for China

China's Baidu, Volvo Team Up to Make Driverless Cabs for China

Swedish auto brand Volvo Cars will join hands with tech giant Baidu to develop autopilot taxis for the Chinese market. 

Nov 2, 2018
China's Guangqi Honda Shells Out USD480 Million on 170,000-Unit NEV Plant

China's Guangqi Honda Shells Out USD480 Million on 170,000-Unit NEV Plant

Guangzhou-based Guangqi Honda Automobile, a Chinese carmaking joint venture between Japan’s Honda Motor and state-backed Guangzhou Automobile Group, has invested…

Nov 1, 2018
Zhang Yushuo

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