A cash injection into would-be EV maker Faraday Future is being made on behalf of the government of Zhuhai, a source tells TechNode.
Author: Jill Shen
Exclusive: Faraday Future to get $310 million lifeline from Chinese state-owned enterprises
A cash injection into would-be EV maker Faraday Future is being made on behalf of the government of Zhuhai, a source tells TechNode.
Autonomous car startup Uisee raises $150 million from state-backed fund
Uisee is benefiting from investor interest in Chinese AV startups as the Covid-19 pandemic pushes unmanned transport applications.
Shares of Evergrande EV unit surge 50% after raising $3.4 billion
China Evergrande New Energy Vehicle Group closed the sale of 952 million shares to six investors for a total of $3.35 billion)
China-made Tesla Model 3 explodes in a Shanghai garage
A collision with a manhole cover could have caused significant damage to the vehicle and triggered the subsequent incident, Tesla said.
Tesla rivals rev up growth in China’s EV sector
NIO and its peers are prying open a window of opportunity to beat Tesla. But time is limited, and every company is sprinting to catch up.
NIO looks to gain edge over Tesla with new ET7 sedan
The new NIO offering is expected to further differentiate the company not just from its Chinese peers, but Tesla as well.
Volkswagen partner Gotion unveils breakthrough EV battery
Volkswagen’s battery partner Gotion High-Tech revealed a new EV battery cell which it said may significantly reduce the cost of electric vehicles.
Drive I/O | The five trends that will reshape ride-hailing in China
China’s ride-hailing industry faces more economic uncertainty, more competition, and more regulation. But giant players are poised to thrive post-Covid.
Self-driving startup WeRide raised $200 million in Series B1
WeRide, the first testing fully driverless cars on Chinese open roads, is also promising a fully hands-free minibus.