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Hyundai to build Tesla knockoff for Chinese EV maker Arcfox

Electrek

South Korean automaker Hyundai Motors plans to build EVs under the brand Arcfox, a Chinese electric car company co-owned by BAIC Motor Corp. more… The post Hyundai to build Tesla knockoff for Chinese EV maker Arcfox appeared first on Electrek.

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Chinese state-owned automaker shares plans to expand and build its EVs in Europe

Electrek

SAIC Motor , a Chinese state-owned automaker, is doubling down on its EV strategy in Europe following encouraging sales so far this year. more… The post Chinese state-owned automaker shares plans to expand and build its EVs in Europe appeared first on Electrek.

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Stellantis & Leapmotor joint venture gets approval from Chinese regulator

Teslarati

With the approval from the NDRC, Stellantis can build and sell Leapmotor electric vehicles (EVs) outside of China, said people familiar with the matter. It acquired 20% of the Chinese automakers, making it a significant shareholder. Dongfeng Motors Corporation Ltd. In October 2023, Stellantis invested €1.5 billion in Leapmotor.

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Tesla gains another Chinese competitor as Xiaomi unveils SU7 EV

Teslarati

Xiaomi recently unveiled its SU7 electric vehicle (EV) and set its sights on beating Tesla in the Chinese EV market. The Xiaomi EV’s initials stand for Speed Ultra, a detail the Chinese company has made sure is factual. The post Tesla gains another Chinese competitor as Xiaomi unveils SU7 EV appeared first on TESLARATI.

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Hyundai Motor Group building new fuel cell system plant in China; first outside of Korea

Green Car Congress

Hyundai Motor Group signed an investment contract with the government of Guangdong Province to establish an offshore fuel cell system production facility in Guangzhou, China. The investment advances the Group’s global hydrogen leadership and supports its push into China’s rapidly developing hydrogen industry.

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CATL to license LFP battery tech to General Motors

Teslarati

CATL (Contemporary Amperex Technology Co Ltd) is negotiating with General Motors (GM) to license its LFP (lithium iron phosphate) battery technology. CATL and GM are also discussing the possibility of building a joint factory in North America. Last year, Ford announced plans to build a $3.5 It is Ford’s first LFP battery plant.

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Chinese EV company Xpeng Motors raises US$400M in Series C; Xiaomi strategic investor

Green Car Congress

China-based Xpeng Motors has closed a US$400-million Series C capital funding from a group of strategic and institutional investors. Xiaomi Corporation and Xpeng Motors have achieved significant progress through in-depth collaboration in developing technologies connecting smart phones and smart cars. and a former Alibaba executive.

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