EV Industry

Liao Bing, founder and former CEO of Chinese automaker GAC Nio, has launched a new new energy vehicle brand, "Ziyou Auto", which literally means "Free Auto".

For the full year of 2020, the Aion S, Aion LX and Aion V have accumulated sales of 60,000 units, up 42.9% year-on-year, and entered the top 10 in the rankings of China's new energy vehicle sales.

Selling at 9,999 euros in Europe would mean that this is about RMB 777,765 yuan, more than twice as much as the price in China.

Huawei and BAIC New Energy's jointly-built model will be announced in April this year and launched in November, cls.cn quoted BAIC New Energy sources as saying.

Japanese automaker Mazda is said to put into production an all-electric model for the Chinese market in June this year and launch it in the third quarter, according to a Chinese auto industry website.

Tianfeng International analyst Ming-Chi Kuo expects the Apple Car to be released in 2025 at the earliest and will be very expensive because of its high-end positioning.

The era of smart cars is upon us as global commercialization of smart cars and autonomous driving accelerates in 2020, CITIC Securities said.

Headhunters are recruiting for Baidu to build cars, this time for a mid-level cadre, Sina Tech reported Tuesday, adding that the joint venture is likely to be set up in Shanghai.

Chinese electric vehicle manufacturer Kandi Technologies Group announced on January 28 that one of its subsidiaries has signed a sales contract for 3,000 K23 pure electric vehicles with Zhejiang Ruiheng Technology.

China's state-owned electric utility State Grid plans to invest an average of more than US$70 billion annually over the next five years to upgrade its power grid to the energy Internet.