The car firm is following in the footsteps of rivals like Zhejing Geely who acquired smartphone maker Meizu last year in a bid to upgrade their cars’ tech offering
China’s leading carmaker urged its domestic rivals to unite and establish world-class brands in a patriotic global push
The country’s domestic brands, like BYD, Nio and Xpeng Motors, are now taking on and beating established global names such as VW and Toyota at home
Experts say latest data coming in from China pointed to the world’s biggest EV market recovering from a slump and getting “back on the fast-track"
Purchases of Nio models slid in April and May as a price war intensified, with Tesla's China sales more than five times Nio's over the same period
Ford-brand sales were down in China in the first quarter and chief executive Jim Farley said the country’s domestic brands were getting it right
The Chinese electric vehicle maker is pushing to make battery swapping a viable alternative to rivals' rapid-charging technology
The Chinese auto firm says the plant will be able to produce 40-gigawatt hours (GWh) of batteries annually
The electric vehicle producer is looking to build the hub for the new marque in Chuzhou city in projects codenamed ‘Alps' and ‘Firefly'
For most of 2022, Tesla joined rivals in aggressively raising EV prices but its decision to reverse course now challenges automakers’ established strategy of pursuing profit-over-volume
Nio still expects deliveries to almost double in the current quarter as it chases BYD and US EV giant Tesla