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Renault is attempting to expand its electric vehicle (EV) market in China to acquire new technology and learn how to produce EVs more quickly, Bloomberg reported. The company has reportedly hired around 200 people in Shanghai, primarily hardware engineers, to develop an electric version of the Twingo priced under EUR20,000. It i...
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The Hefei Municipal Bureau of Commerce said it is going to distribute a total of RMB44 million in "2024 Hefei City Automobile New Purchase Consumption Coupons" from today (28th) to December 8, with a maximum reduction of RMB6,000 for new energy vehicles (NEVs). 336 automakers will join the event.Individual consumers wh...
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NIO-SW (09866.HK) (NIO.US)’s legal department said that it had received report yesterday (27th) regarding malicious rumors spreading online about NIO’s capital market. After in-depth investigations by public security in several places, the authorities swiftly identified and controlled a number of people involved in t...
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Regarding the progress of the China-EU electric vehicle (EV) anti-subsidy case, the China-EU technical teams have already engaged in intensive consultations around the price commitment solution, CCTY's Riyuetantian cited China's Ministry of Commerce spokesperson He Yadong as saying.After arduous efforts, certain progress...
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Ai Tiecheng, president of Onvo, a new brand under NIO-SW (09866.HK) (NIO.US), announced at the Guangzhou Auto Show the company's plan to achieve a monthly delivery target of over 10,000 units for its first family smart electric mid-size SUV, the Onvo L60, in December. He even wagered an L60 for those skeptical about Onvo'...
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