News - Page 59 of 418 - Auto in China

Xpeng and Volkswagen’s First Model: G9-Based Complete Vehicle Platform with Smart Cabin and Intelligent Driving Features
2023-07-27 Car News / News
On July 26, Volkswagen and Xpeng Motors announced a technical cooperation framework agreement, with Volkswagen investing $700 million in Xpeng Motors. The collaboration will leverage Xpeng Motors' vehicle platform, smart cockpit, and intelligent driving system, while Volkswagen will provide its world-leading engineering and supply chain capabilities. The negotiations between the…
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BYD: On Par with Tesla? Enabling Large Cylindrical Batteries
2023-07-26 Car News / News
The "BYD Purchasing and Supply Management" public account recently issued a recruitment announcement, revealing its plans to openly recruit suppliers for fully automatic baking line equipment dedicated to large cylindrical batteries in 2023. The recruitment period runs from July 18, 2023, to August 1, 2023. The sought-after product equipment is…
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Weimar Motors Announces New Car ‘Ready to Set Sail,’ Expected to Resume Work and Production Soon
2023-07-26 Trade News / News
On July 25th, WM Motor made an official announcement on its official Weibo, stating that their new car is "ready to go" and prepared to set sail. The company shared photos of the new car parked in front of a freighter, but the specific destination for the new car's export…
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Tesla’s Q2 China Revenue Soars Over 50% to $5.7 Billion
2023-07-26 Trade News / News
In the second quarter of 2023, Tesla's revenue in the Chinese market reached $5.731 billion, marking an impressive year-on-year increase of 51.33% from $3.787 billion in the same period last year. The Chinese market revenue accounted for 22.99% of Tesla's global revenue of $24.927 billion for the same quarter. Tesla's…
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Indonesia’s New EV Incentives Aim to Attract BYD and Tesla
2023-07-26 Trade News / News
According to recent reports from foreign media, Indonesia is currently finalizing a set of new incentives aimed at attracting investments from electric car manufacturers. Senior Indonesian Minister, Luhut Pandjaitan, disclosed on July 25 that the government is actively engaging in negotiations with prominent companies like Tesla and BYD. Luhut Pandjaitan,…
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Egypt’s Presidential Initiative: A Move to Replace Obsolete Vehicles
2023-07-26 Egypt / Local News / News
Minister of Finance, Mohamed Maait, revealed that the state's general treasury has allocated EGP 675 million for a green incentive program supporting the purchase of 27,225 new natural gas-powered vehicles. As part of the presidential initiative to eliminate obsolete vehicles and promote environmental sustainability, citizens can now request to replace…
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