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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. Dongfeng Motors Corporation Ltd.

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Daimler takes 12% stake in Chinese parter BAIC Motor; first non-Chinese automotive company to acquire an interest in a Chinese OEM

Green Car Congress

Daimler AG is taking a major step forward in its China strategy with the closing of the company’s 12% investment in long-standing partner BAIC Motor, the passenger car unit of Beijing Automotive Group (BAIC Group), one of the top automotive companies in China. Most recently, the establishment of Beijing Mercedes-Benz Sales Service Co.,

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Stellantis production affected by cyberattack on Chinese supplier

Teslarati

Multiple car brands under Stellantis were affected by a cyberattack on Chinese supplier, Yanfeng International Automotive Co. The invested in Chinese automaker Leapmotor recently to expand its global electric vehicles (EV) sales. billion in the Chinese company. The Teslarati team would appreciate hearing from you.

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IM Motors opens pre-sale for solid-state powered L6 sedan, starting under $32,000

Baua Electric

Just weeks after teasing the launch of its fourth all-electric model and promising some impressive specs, China’s IM Motors has officially opened pre-orders for its L6 Sedan. As we recapped in late March, IM Motors is a fairly young Chinese automaker specializing in EVs that operates as a joint venture between SAIC Motor and Alibaba.

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Ferrari, with first electric supercar coming in 2025, warns rivals over Chinese EVs

Baua Electric

Although its first fully electric supercar is not due out until next year, Ferrari is warning rivals about incoming Chinese EVs. Ferrari warns rivals with Chinese EVs surging “For me, this is a call to action for Europe,” Benedetto Vigna, Ferrari’s CEO, said in an interview with BloombergTV.

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25% BEV Share In China! — China EV Sales Report

CleanTechnica EVs

Plugin vehicles are all the rage in the Chinese auto market. Plugins scored more than 776,000 sales last month, up 22% year over year (YoY), which is this market’s second record month in a row. The September sales pulled the year-to-date (YTD) […]

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GAC Motor officially releases all-electric SUV GE3 into the Chinese market

Green Car Congress

China-based GAC Motor has introduced its all-electric GE3 SUV into the Chinese market; the GE3 made its international debut at the 2017 North American International Auto Show (NAIAS) in January. —Yu Jun, president of GAC Motor. The GE3 is based on a new EV platform and positioned as a medium- to high-end electric SUV.