News
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Chinese Automaker NIO Is Reportedly Developing A Smartphone
NIO, the Chinese EV manufacturer founded in 2017, seemingly plans to launch a smartphone. Back in March, the firm’s CEO William Li confirmed that NIO was looking into smartphone development. He cited the long-rumored (but still unconfirmed) Apple Car as a motive for entering the sma...Read more -
ZF invests 320m yuan to expand plant in Shanghai
German auto supplier ZF is investing 320 million yuan ($47.42 million) to expand a plant in Shanghai as demand for electric power steering systems grow in China. The increased production capacity is expected to become operational in mid-2023, said ZF in a statement on Wednesday. The company said...Read more -
Nissan’s Chinese JV to explore market with new models
Japanese carmaker Nissan is introducing new models into China via its joint venture to explore the potential of the Chinese market. Dongfeng Nissan’s three marques–Nissan, Venucia and Infiniti–all have new models in the second half, said Xin Yu, president of the joint venture&#...Read more -
More women driving in China but some firms have lots to learn
As female consumption capacity grows, carmakers are starting to focus on women’s demands and launch exclusively-for-women models, aiming to grasp a fiercely competitive market segment. Earlier this month, Great Wall Motors’ electric brand Ora launched the Ballet Cat, which is designe...Read more -
Fuel Prices Are Allegedly Cooling Off
With the last several months delivering record-breaking fuel prices, as society endures what has undoubtedly been the largest spike in energy cost and inflation since the 1970s, everyone has been hoping to catch a break this summer. Some have even gotten theirs. While things are still looking ex...Read more -
Ford Motor creates partnership with Chinese battery giant CATL
Ford Motor said on Thursday that it had reached an agreement to acquire battery packs from Chinese battery giant Contemporary Amperex Technology Co Ltd that will be used in electric vehicles produced in North America, China and Europe. CATL also will provide full LFP battery packs for Nor...Read more -
Charging infrastructure to bloom on govt support
With more new energy vehicles on the road, China’s development of charging infrastructure is on a fast track supported by favorable incentives from the government, experts said. The country unveiled a plan recently to expand road networks to about 461,000 kilometers by 2035 and encourages...Read more -
China supercharges electric refueling infrastructure
China’s development of charging infrastructure is on the fast track, supported by a high penetration of new energy vehicles and favorable incentives from the government, experts said. The latest data from the China Electric Vehicle Charging Infrastructure Promotion Alliance show the domes...Read more -
ZF to build $61m plant in Shandong
German auto parts supplier ZF is to build a plant in the coastal city of Rizhao, Shandong province, as it is further expanding its footprint in China. Investment in the plant, which is expected to go operational by the end of 2022, will reach 60 million euros ($60.92 million), according to the d...Read more -
GM expands business in world’s largest auto market
General Motors, the largest carmaker in the United States, is expanding investment in China, showcasing its confidence in the long-term growth of the world’s largest automobile market. The carmaker signed an agreement on Thursday with Shanghai Pudong New Area with an intended investment of...Read more -
China’s major auto cluster in high gear on road to economic recovery
SHANGHAI — Located in Southeast Shanghai, US carmaker Tesla’s Shanghai Gigafactory is bustling with production activity as it has returned to full production capacity by early June following a disruption due to COVID-19 resurgence. The Tesla factory’s return to normalcy is not ...Read more -
Electric Car Prices Spiking Due To Rising Costs And Demand
It comes as no surprise that the price of electric cars is rising. It seems the price of just about everything is rising, and ever since the COVID-19 pandemic, it also seems it’s simply harder to get the things that we need and/or want, which leads to an increase in demand. As demand incre...Read more