The US government is set to impose new, targeted tariffs on some key sectors, including Chinese EVs, batteries and solar equipment, according to Bloomberg.
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Two Yangwang U9s left for the UK on May 7 and will participate in the Goodwood Festival of Speed 2024 from July 11-14.
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Skyworth Auto has signed a 10-year partnership agreement with Saudi Arabia's KAG, with the first phase of a five-year partnership having a business plan worth RMB 10 billion ($1.38 billion).
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Tesla is escalating the scale of layoffs in China, with more cuts starting earlier this week, extending mid-April cuts, according to Bloomberg.
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The joint venture is 51 percent owned by BYD's battery unit FinDreams, with local conglomerate Huaihai holding the remaining 49 percent.
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Nio's 500,000th production vehicle is an ES8, which began first deliveries in June 2018.
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Xpeng has entered into a partnership with Australia's TrueEV, which will be its sole importer, distributor and retailer in the country.
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One of the key reasons why Toyota is leaning towards adopting BYD's DM-i technology is that it is less expensive and relatively mature, according to local media.
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Nio's first vehicle rolled off the line on May 27, 2018. It saw its 100,000th mass-produced vehicle roll off the line in April 2021, when Tesla CEO Elon Musk expressed his congratulations.
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Nio and GAC will work together on battery standards, development and customization of battery swap-enabled models, battery asset management and operations, and battery swap service network construction.
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