Nio has recently been hiring in China to expand its Middle East team, offering positions at senior director and above, up to assistant vice president level, according to local media.
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Author: Phate Zhang
Chinese automakers, including BYD, SAIC and Geely, were told at a meeting on October 10 that they should suspend plans for heavy-asset investments such as setting up factories in countries that support the EV tariffs, according to Reuters.
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BYD reported net income of RMB 11.607 billion in the third quarter, up 11.47 percent year-on-year and 28.08 percent from the second quarter.
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CYVN reached a non-binding agreement to acquire 100 percent of McLaren's automotive business from Bahrain's sovereign wealth fund Mumtalakat.
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New flow for the Nio brand is estimated at about 19,000 units in October, flat from September, but sub-brand Onvo is estimated at about 15,000 units in October, according to Deutsche Bank.
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The Yangwang U7 will be powered by BYD's second-generation blade battery, which will have a charging multiplier of more than 5.5 C and a discharging multiplier of more than 14 C, according to an auto blogger.
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The European Commission has published the definitive tariff rates in the Official Journal, with the additional tariffs to take effect from October 30, and the provisional duties imposed on July 4 will not be collected.
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The Xiaomi SU7 Ultra received 3,680 pre-orders 10 minutes after pre-sales began, as the company begins to show off its technological muscle in the EV space.
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Zeekr plans to launch the Zeekr 001 and the Zeekr X first in Egypt, with the first local store to open in Cairo by the end of this year.
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During the third quarter, Xpeng delivered 46,533 vehicles, exceeding the upper end of its guidance range of 41,000 to 45,000 units.
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