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Stellantis & Leapmotor joint venture gets approval from Chinese regulator

Teslarati

It acquired 20% of the Chinese automakers, making it a significant shareholder. Tesla’s China deals concerns chair of US Congressional Committee In a statement to Reuters , Leapmotor shared that its first EV model for the overseas market will be launched for sale in Germany, France, Italy, and Spain. billion in Leapmotor.

Chinese 129
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GAC Group begins construction of $6.5B industrial park for electric and intelligent vehicles

Green Car Congress

China-based automobile manufacturer Guangzhou Automobile Group (GAC Group), the parent company of GAC Motor, has begun construction of a large industrial park for electric and intelligent vehicles as part of its efforts to boost its electric vehicle business. More than 45 billion yuan (US$6.5 billion yuan (US$679 million).

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BYD partners with Huawei for advanced autonomous driving system

Teslarati

Chinese automaker BYD is teaming up with Huawei for its advanced autonomous driving system (ADS). The all-electric SUV’s sales launch will start in late 2024. According to the China Association of Automobile Manufacturers, Denza, Fangchengbao, and Yangwang have made up only 5% of BYD’s total sales in the first half of this year.

BYD 115
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Stellantis strengthens ties with China’s auto industry

Teslarati

Stellantis appears to be strengthening its ties in China’s automotive industry. Stellantis recently repurchased €934 million in shares from Chinese auto company Dongfeng as per a pre-existing share repurchase framework. is a state-owned automobile manufacturer headquartered in Wuhan, Hubei. Dongfeng Motors Corporation Ltd.

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Car sales in China surge on back of exports, offsetting sales slump at home

Baua Electric

Read more Car sales in China picked up in June thanks to increase in exports amid EU hiking tariff on electric vehicles made in the country. However, China continues to see drop in sales domestically. Sales in China dropped 7.4 per cent while domestic sales edged up 1.6 Chinese EV exports were down 2.3

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NIO keeps goal of doubling sales this year despite price war causing greater challenges

CN EV Post

NIO maintains its previously mentioned goal of doubling sales, despite greater challenges to meet the goal, said William Li. NIO (NYSE: NIO) is confident it will see sales double this year, despite a rare price war that disrupted the Chinese auto industry in the first quarter. Photo taken by CnEVPost.)

Price 141
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Southeast Asia market will become a competitive place for Chinese and Japanese car companies

Setec Powerr

Europe, the birthplace of the automobile industry, to North America across the Pacific Ocean, has always been the top stage that Chinese car companies hope to step on. Figures released by the ASEAN Automotive Federation (AAF) show that total vehicle sales in Southeast Asia will be about 2.79

Asia 97