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China’s Chery to set up shop in Europe

Baua Electric

Chinese automaker Chery is planning to make cars in Spain, where the EV market is at just 12%, half that of Portugal and France. This would be Chery’s first manufacturing site in Europe. Given the slow uptake of electric vehicles in Spain, Chery says it plans to make combustion engine, hybrid, and electric vehicles there.

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Australia included in massive Chery EV rollout

EV Central

On the eve of its Australian relaunch, the Chinese auto maker Chery Automobile has revealed a massive rollout of 23 electric and plug-in hybrid vehicles. The first battery electric Chery to arrive in Australia will be the Omoda 5 compact SUV in 2024. 2023 Chery Omoda 5. 2023 Chery Omoda 5.

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Chery's NEV unit cuts vehicle prices by up to 10%

CN EV Post

In January-February, Chery's NEV sales were 13,293 units, down 57.6 Image credit: Chery New Energy) Chinese auto giant Chery's new energy vehicle (NEV) division has slashed the prices of several models, becoming the latest car company to do so. For Chery, its performance at the beginning of the year was weak.

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Chery to be 1st automaker to adopt CATL's sodium-ion batteries

CN EV Post

CATL's sodium-ion batteries will first be used in Chery's models, the battery maker announced today. CATL will hold a zero-carbon strategy launch event from 15:00 to 15:20 on the first day of the Shanghai auto show on April 18. Its booth at the event is 8B05 in Hall 8.2. Its booth at the event is 8B05 in Hall 8.2.

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Huawei says upcoming Luxeed S7 EV is ‘superior to Tesla’s Model S’

Teslarati

Smartphone maker Huawei has partnered with the China-owned Chery Automobile on the electric vehicle (EV) brand Luxeed, set to unveil its first vehicle in the coming months. The brand will debut a Tesla Model S rival near the end of November, according to a company executive. It will be superior to Tesla’s Model S in various aspects.”

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China's Huawei Establishes ‘Smart Car’ Unit With Changan Auto

The Truth About Cars

According to the South China Morning Post , the new unit is wholly owned by Huawei and will be used to help transfer technology between the phone company and Changan Auto. The telecom firm previously said that the plan would be to “integrate the core technologies and resources of [Huawei’s] smart car solutions into the new company.”

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STMicro cuts FY revenue outlook as softer car demand weighs – ET Auto

Baua Electric

Weakness in auto and industrial demand have been weighing on the sector, while investors remain cautious amid high interest rates, with escalating tensions in the Middle East increasing fears. The warning came after the company posted lower-than-expected first-quarter results. Shares fell as much as 3.5% They were up 0.8% at 0810 GMT.

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