BYD said to mass produce Seal model in June
It is reported that BYD will commence the mass production of the BYD Seal in June. The new model has started presale with prices ranging from RMB212,800 ($31,600) to RMB289,800 ($43,035).
2023 KiWi EV to be equipped with DJI’s intelligent driving system
The 2023 Baojun KiWi EV from SAIC-GM-Wuling will be the first mass-produced vehicle to be equipped with DJI’s intelligent driving system, the brand announced today.
Photo credit: Baojun
Geely-affiliated company to acquire controlling share of smartphone maker Meizu
Geely-backed Hubei Xingji Shidai Technology Co., Ltd. inked a contract to acquire a 79.09% stake in the smartphone maker, Zhuhai Meizu Technology Co., Ltd., according to a public announcement made by China’s State Administration for Market Regulation on June 13.
Sokon Group receives RMB6 billion credit line from ICBC Chongqing branch
On June 13th, China’s automaking group, Chongqing Sokon Industry Group Stock Co., Ltd. (Sokon Group) inked a strategic cooperation agreement with Industrial and Commercial Bank of China Limited (ICBC)’s Chongqing branch.
MG MULAN all-electric crossover makes world’s debut
The MG MULAN, a fire new all-electric vehicle model under SAIC Motor-owned MG brand, made its world’s debut on June 13.
HiPhi sells 369 HiPhi Xs in May
In May, China’s luxury electric vehicle brand HiPhi from Human Horizons saw its monthly sales volume top other electric vehicles priced at RMB500,000 ($74,200) and higher in China.
Chery Holding May sales jump 30% YoY
In the fifth month of 2022, Chery Holding saw its monthly sales volume jump from the year-ago and month-ago periods.
SVOLT to build zero-carbon industrial park in Dazhou
SVOLT Energy Technology Co., Ltd. (“SVOLT”), a Chinese power battery manufacturer carved out of Great Wall Motor (“GWM”), on June 10 inked an agreement with Dazhou municipal government and the Management Committee of Dazhou High-tech Industry Development Zone to build an industrial park for the industrial chain of lithium ion batteries, the company announced via its WeChat account.
NIO inks agreement to help build EV auto parts industrial park in Lu’an
On June 10, NIO signed a framework agreement with the municipal government of Lu'an, a prefecture-level city in western Anhui province, to jointly build an industrial park of supporting auto parts used for intelligent electric vehicles, according to a post on local government's official WeChat account.
Continental Group invests in MOTOVIS
On June 13th, China’s autonomous driving developer, MOTOVIS, announced the completion of its Series C financing round with strategic investment from Continental Group.