EVs


Chinese EV firms resist Tesla dip with Shanghai pitches

Chinese EV firms resist Tesla dip with Shanghai pitches

(ATF) Chinese electric vehicle (EV) firms joined foreign competitors in pitching their growth plans at the Shanghai auto show on Monday April 19, helping US-listed shares for Nio and Xpeng to resist the downward pull of a fall in Tesla stock after a vehicle crash in Texas.Tesla shares fell 3.4% …

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Hyundai Motor production hit as chip shortage worsens

Hyundai Motor production hit as chip shortage worsens

(ATF) South Korea's Hyundai Motor is expected to see production disrupted starting in April because of the widespread chip shortage affecting automakers worldwide, according to reports on March 24.Hyundai's inventory levels have become tight and the problem will soon start to slow production, the Financial Times reported.The company had been …

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Evergrande Auto, Tencent team up to develop operating systems for cars

Evergrande Auto, Tencent team up to develop operating systems for cars

(ATF) China Evergrande New Energy Vehicle Group Ltd says it will form a joint venture with a unit of technology giant Tencent Holdings to develop a smart vehicle operating system employing proprietary intellectual property.The Hong Kong-listed electric vehicle (EV) firm set up by debt-laden property giant China Evergrande – which …

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Rave on - Musk’s new title keeps Tesla fans dancing to his own tune

Rave on - Musk’s new title keeps Tesla watchers dancing to his own tune

(ATF) Rave DJ or Silicon Valley monarch? The new title Tesla boss Elon Musk has given himself has stumped many.On Monday it was revealed on a filing to the US stock market regulator that the South African-born billionaire had given himself the moniker Technoking, as well as chief executive.His CFO …

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Baidu EV plans get boost with AI chip unit funding

Baidu EV plans get boost with AI chip unit funding

(ATF) Baidu’s plans to develop its electric vehicle (EV) ambitions took a step forward with a fund-raising deal for its artificial intelligence chip making unit, valuing the company at $2 billion.The Chinese tech giant’s artificial intelligence chip unit Kunlun raised cash from CITIC Private Equity Funds Management (CPE), a source …

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Tesla surge pulls up Chinese EV stocks in tech sector rebound

Tesla surge pulls up Chinese EV stocks in tech sector rebound

(ATF) Tesla led a sharp rally in US technology stocks on Tuesday March 9 that pulled up prices for Chinese electric vehicle (EV) firms Nio and XPeng, and the Nasdaq rose 4% to recoup heavy losses from the previous session as US bond yields retreated.Tesla jumped 20% for the biggest …

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XPeng narrows loss but joins Nio in suffering from Tesla share slump

XPeng narrows loss but joins Nio in suffering from Tesla share slump

(ATF) Chinese electric vehicle (EV) firm XPeng said on Monday March 8 that its net loss in the fourth quarter of last year narrowed 42% from the same period in 2019. XPeng’s stock dipped, as it joined rival Nio in suffering from the recent slump in value of Tesla shares, …

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EV trio plan HK and Shanghai listings to compete with Tesla

EV trio plan HK and Shanghai listings to compete with Tesla

(ATF) Three of China's top electric-vehicle companies – Nio, Li Auto and Xpeng – plan to list in Hong Kong this year. People familiar with the plans say the goal of the EV trio is to sell at least 5% of their stock in Hong Kong. Based on the market …

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GM teams up with Korea's LG to build second US battery plant

GM teams up with Korea's LG to build 2nd US battery plant

(ATF) US car giant General Motors said on March 4 it plans to build a second battery cell factory with South Korean partner LG, as the company shifts towards producing electric vehicles.GM recently announced it would stop selling most of its diesel or petrol engine cars by 2035, and last …

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Why Volvo’s Chinese parent Geely is becoming the “Foxconn of EVs”

Why Volvo’s Chinese parent Geely is becoming the “Foxconn of EVs”

(ATF) Zhejiang Geely Holding Group (Geely Holding), which acquired Volvo in 2010 and has been China’s top-selling homegrown brand for years, has been making headlines in the last two months. On January 11, the automaker founded by Chinese businessman Li Shufu announced it would let China's search engine giant Baidu …

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