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Chinese State Councilor and Foreign Minister Qin Gang met with Tesla CEO Elon Musk in Beijing on May 30
The market for China's new energy vehicles (NEV) rebounded in May based on delivery volumes. Li Auto showed shinning performance in the first quarter of 2023, while Xpeng Motors and Leap Motor suffered from losses.
Aiways (爱驰汽车), a Chinese new energy vehicle startup backed by Chinese tech giant Tencent, has terminated the lease on its headquarters building in Shanghai, reported Yicai Global on May 24.
More Chinese NEV makers may compete in the international market as a result of more slowdowns of growth in China. They may choose Europe to start the overseas expansion but still face challenges like geopolitical changes.
China’s production and sales of new energy vehicles (NEVs) hit 640,000 and 636,000 units in April, both increasing 110% year-on-year, with a market share of 29.5%.
China’s NEV sales surge 85.6% year-on-year in April
China's State Council emphasized the urgent need to speed up charging infrastructure development in rural areas to promote the use of new energy vehicles (NEVs)
Tesla has raised the price of its Model S and Model X new energy vehicles (NEVs), the only two models that are not made in China, marking the second price hike in four days in the country as the US electric car startup tries to stem sliding profits.
US EV giant Tesla opened its charging network to other non-Tesla new energy vehicles (NEVs) in Chinese mainland for trial on April 25.
China's PC giant Lenovo will develop a new generation automotive domain controller platform using NVIDIA's DRIVE Thor system on chip (SoC).