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The China News Database was last updated at 01:50PM on November 9, 2023.
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110 articles matching the search query.
BMW Hits Record China Sales on Luxury Demand, EV Push Amid Chip Shortage
BMW and Tesla sales records: The German automaker sold more than 846,000 BMW and Mini cars last year, up 9% from the previous year. Nearly 50,000 of those were electric vehicles. Meanwhile, Caixin reports that China exported 310,000 new-energy vehicles (NEVs) in 2021, and more than half were produced by Tesla’s plant in Shanghai.
华友钴业：2021年净利同比预增217.64%-260.56%_实时热点_热点聚焦_36氪快讯_36氪
Cobalt is the new gold: China’s biggest producer of the metal, Huayou Cobalt, estimates its 2021 net profits at 4.2 billion yuan ($660 million). With an insatiable global demand for the metal, which is necessary for the lithium-ion batteries that power electric cars, 2022 is likely to be even better for the Zhejiang-based company.
比亚迪半导体新款功率器件驱动芯片自主研发告成！12月实现批量供货
A new chip from BYD, China’s oldest electric car maker, is set to go into production and will replace “driver chips” that are currently imported.
Great Wall-backed Svolt secures $942 million Series B+ · TechNode
Chinese electric vehicle battery maker Svolt took home 6 billion yuan ($942 million) in its Series B+. Backed by Great Wall Motors, the battery supplier aims to have a design capacity of 600 gigawatt-hours by 2025, which would match up to market leader CATL’s.
长城欧拉换芯门始末：更爱女人的品牌，栽在芯片上
Great Wall Motors’ Ora electric car brand is in trouble with state broadcaster CCTV for its misleading advertising about the microchip that controls its operating system. It has apologized for using an older chip than shown in its promotions.
工信部发布新一批免征车辆购置税新能源汽车车型目录 小鹏P5等在列
The Ministry of Industry and Information Technology released a list of electric vehicle models exempt from sales tax. Xpeng Motors’ popular P5 is included.
EV battery maker CATL is learning Xi-era lessons: The company donated 2 million shares (0.09% of its available shares) to the Shanghai Jiaotong University Education Development Foundation.
Hon Hai mulls Saudi EV venture - Taipei Times
Foxconn is looking at building EVs with Saudi Arabia, playing the minority shareholder in a joint venture that would advance the Kingdom’s longtime ambition to develop its own vehicles.
赛力斯推出全新高端智慧汽车品牌AITO，首款产品本月底亮相_华为_智能_平台
Seres is the latest Chinese EV startup to join the crowded market. Today it showed off its new AITO models developed with Huawei.
BYD Chairman Predicts Rapid Shift to NEVs in China
More than one in three cars sold next year in China could be electric or another type of new energy vehicle (NEV), according to Wáng Chuánfú 王传福, the founding chairman of BYD. Some 3.3 million NEVs could be sold in China this year, Wang said, adding that the market penetration of NEVs in China is rising faster than in other markets — more than tripling from 6% to 20% so far this year, and potentially topping 35% next year.
How Hunter Biden’s Firm Helped Secure Cobalt for the Chinese
Did Biden’s son help China secure supplies of cobalt? Hunter Biden, the son of U.S. President Joe Biden, was “part owner of a venture involved in the $3.8 billion purchase by a Chinese conglomerate of one of the world’s largest cobalt deposits” in the Democratic Republic of Congo, the New York Times reports. A separate NYT story describes a bare-knuckled great power contest between the U.S. and China over the Congo’s cobalt resources, and “a hidden history of the cobalt acquisitions in which the United States essentially surrendered the resources to China, failing to safeguard decades of diplomatic and financial investments in Congo.”
China EV Startup Hozon Said to Weigh $1 Billion Hong Kong IPO
Electric vehicle companies line up for Hong Kong IPOs: EV startups Hozon and WM Motor are each eyeing $1 billion Hong Kong IPOs as early as next year, along with Sequoia China-backed Leapmotor, despite oversaturation in the market, Bloomberg reports.
BYD Was China’s Best Selling Electric Car Brand in October But Bus Sales Plunged
BYD Auto was China’s best-selling EV brand in October, with sales growing some 350% year-on-year to 80,000 — nearly 60% more than second-place Tesla’s China sales last month.
宁德时代与哪吒汽车开启全面战略合作，将参与其D2轮融资
CATL doubles down on EV investments: The battery giant is growing its downstream portfolio, and has invested in two electric vehicle companies in four days. After becoming Chang’an Automobile’s second-largest shareholder, today it announced a strategic partnership with Neta Automobile, per Sina.
Changan’s Avatar adds CATL as new investor, NIO’s stake reduced
After a new investment round, Avatar Technology’s second-largest shareholder is CATL. Avatar is an EV company founded in 2018 that spun off from a joint venture between Chang’an Automobile and NIO.
“0首付”购车被叫停？特斯拉：订单太多，担心影响交付周期
Tesla has suspended a generous zero-down-payment program for Chinese consumers just three days after it was introduced; the company said so many people used it that the new orders could slow down production.
Volvo IPO Prices Lower Than Expected Despite Ambitious EV Plans
The Swedish auto maker’s pricing highlights investors’ unwillingness to lend traditional car makers the valuations enjoyed by younger electric-vehicle companies.
