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Foxconn, Geely to set up joint venture to OEM for third-party auto firms
Foxconn and Geely each hold 50 percent of the shares, and the chairman will be appointed by Foxconn.
Tight chip supply could affect stability of China's auto industry, association warns
Recent tight chip supply problems have affected global auto production for some time, which in turn will affect the stability of China's auto industry operations, the China Association of Automobile Manufacturers (CAAM) said.
SAIC's high-end EV brand IM Motors announces two EVs with wireless charging and 1,000 km range
IM Motors vehicles also support wireless charging, making it the first car brand in the world to have 11kW of wireless charging technology in mass production.
In addition to providing production support, Geely will allow Baidu to use its supply chain procurement system
Geely will support Baidu with technology, production capacity, engineering, manufacturing, and quality control, and the new company will also use Geely's supply chain procurement system.
Baidu officially announces its entry into car-making industry
The newly formed automaker, with its name still unknown, will target the passenger car market and will focus on the entire industry chain of smart car design and development, manufacturing, and sales and service.
Baidu said to be planning to set up EV joint venture with Geely
Some of Geely's existing car manufacturing facilities will be modified to build smart electric cars, and the vehicles will use the software provided by Baidu and Geely's engineering know-how, the report said.
Another Chinese mega-city extends new energy vehicle purchase stimulus
Shenzhen recently announced that a policy introduced last June to promote new energy vehicle consumption that expired on December 31 will be extended until June 30, 2021.
GAC Nio CEO reportedly to leave company in March
Liao Bing, the CEO of GAC Nio, a joint venture between GAC Group and Nio, announced his impending departure at a staff meeting on January 7, jiemian.com said, citing insiders close to the company.
First EV powered by Huawei Hicar said to be launched in H1
Huawei Hicar began working with BAIC BluePark New Energy on January 28 last year, and they will launch the first model in the first half of 2021, according to Chinastarmarket.cn.
Can GAC Nio change its fate after receiving $370 million capital increase?
Industry expert says that the capital market has become more and more cautious about investing in new car companies in recent years and that it is still difficult to get recognition from the capital market without good sales performance despite the backing of well-known shareholders.