Car News - Page 28 of 256 - Auto in China

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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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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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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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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Hybrid Vehicles Forge a Resilient Path Amidst EV Transition, Industry Insights Reveal
2023-08-28 Car News
In the midst of the automotive industry's rapid shift towards full electric vehicles (EVs), experts suggest that gasoline-electric hybrid vehicles might have a more enduring role than initially anticipated. Prominent automakers such as Ford, Toyota, and Stellantis are charting a course that involves producing and marketing hundreds of thousands of…
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