Premium Chinese EV Brand Zeekr Seeks to Raise $1 Billion in U.S. IPO, According to Sources

Newly launched electric vehicle brand Zeekr Intelligent Technology Ltd. ("Zeekr"), which is owned by Chinese automaker Zhejiang Geely Holding Group ("Geely"), aims to launch an IPO in the U.S. to raise capital from investors. Zeekr is planning to become a U.S.-listed company as early as the second quarter of 2023.

Eric Walz2022-12-12 12:30 PT

Automaker BYD is Emerging as One of Tesla’s Biggest Competitors in China, Latest Vehicle Registration Data Shows

Recent data from the China Passenger Car Association (CPCA) provides a snapshot of China’s best selling New Energy Vehicles (NEVs) vehicles from Oct 1 through Nov 6. China’s BYD tops the list with registration of 37,168 NEVs, more than triple that of Tesla. BYD, which is based in Shenzhen, is China's largest manufacturer of EVs.

FutureCar Staff 2022-11-08 11:05 PT

The NIO ET7 Will Come Standard With an Advanced Dolby Atmos-Powered Sound System Co-Developed With Audio Pioneer Dirac

The new The ET7 sedan from Tesla rival NIO is the world’s first vehicle to come with an immersive Dolby Atmos sound system developed in collaboration with Swedish digital audio pioneer Dirac and Dolby Laboratories. Dirac is a developer of audio optimization algorithms that improve sound quality. The company’s digital signal processing (DSP) can help automakers overcome acoustic challenges of designing vehicle audio systems.

FutureCar Staff 2022-07-29 13:00 PT

Audi Hits EV Startup NIO With a Trademark Lawsuit Over its Vehicle Naming

​China’s electric vehicle startup NIO Inc, which is expanding to Europe including Germany, was named in a lawsuit filed from German carmaker Audi over the naming of its electric SUVs. NIO currently offers a seven-passenger SUV named the ES8, as well as a mid-size model named the ES6. Audi says the two NIO models infringe on its trademark for its performance models designations, the S6 and S8.

FutureCar Staff 2022-07-23 10:30 PT

Tesla’s Battery Supplier CATL Launches its ‘EVOGO’ EV Battery Swapping Service in China

Chinese battery maker Contemporary Amperex Technology Co., Ltd. (CATL), which is the world’s leading supplier of electric vehicle batteries to automakers, has launched its own EV battery swapping business in China via its wholly-owned subsidiary “EVOGO”. The EVOGO battery swap service allows drivers with no access to indoor parking spaces for home or work charging to drive a battery-powered vehicle.

Eric Walz2022-05-25 15:50 PT

Tesla Hikes Prices for the Second Time in Less Than a Week Due to Inflation and the Rising Costs of Raw Materials

Electric automaker Tesla announced a second price hike in less than a week for all of its electric models on sale in the United States and China. The company says it is due to the rising costs of raw materials and logistics, which are being made worse by Russia’s invasion of Ukraine. Chief Executive Elon Musk said the company is facing significant inflationary pressure.

FutureCar Staff 2022-04-21 12:45 PT

Tesla Sold 56,515 China-Built Vehicles Last Month

​The China Passenger Car Association (CPCA), which tracks auto sales each month in the world’s biggest car market, said on Tuesday that electric automaker Tesla sold 56,515 China-built vehicles during the month of February. The total includes 33,315 vehicles for export. Tesla's rising sales in China comes amid growing competition from new EV startups, including NIO Inc. and XPeng Inc.

FutureCar Staff 2022-04-14 15:55 PT

U.S. Listed EV Startups XPeng & Li Auto Surpass Rival NIO in New Energy Vehicle Registrations for 2021 in China

​China’s “big three” New Energy Passenger Vehicle (NEPV) startups XPeng, Li Auto and NIO Inc are all gaining ground on Tesla in China. In Nov 2021 for example, Xpeng reported its second consecutive month of record electric vehicle sales, which topped 10,000 for each month. Although NIO outsold its rivals for the first eleven months of 2021, the automaker failed to hold on to its lead and finished in fourth place respectively.

Eric Walz2022-03-06 11:00 PT

Ford Motor Co Delivers the First Electric Mach-Es to Customers in China

​Ford Motor Co announced on Sunday that it has started deliveries of the electric Mach-E to the first customers in China. Ford announced its plans to sell the Mach-E electric SUV in China in January. The locally produced Mach E is being manufactured at Changan Ford’s manufacturing plant in Chongqing. The 50/50 joint venture company between Changan Automobile and Ford was founded in 2001.

Eric Walz2022-02-02 10:00 PT

Tesla Challenger XPeng Celebrates the Production of its 100,000th Electric Vehicle

​Chinese electric automaker XPeng, which is emerging as one of the country’s top EV startups and a strong challenger to Tesla in the world’s biggest auto market, has reached a major milestone. The company celebrated the production of its 100,000th electric vehicle on Monday.

Eric Walz2021-11-17 09:05 PT

Tesla challenger XPeng to Double its Manufacturing Capacity in China to Meet Growing Demand

​Chinese electric vehicle startup XPeng plans to double its manufacturing capacity as it takes on segment leader Tesla and others in the world’s biggest auto market with its smart, connected vehicles. The new plant will double Xpeng’s annual vehicle production capacity from 100,000 to 200,000 electric vehicles.

Eric Walz2021-09-24 08:45 PT

Tesla’s Local Sales in China Plunged 69% in July Compared to June

Tesla's July sales figures in China were announced on Tuesday by the China Passenger Car Association and it shows that most of the electric vehicles Tesla built at its Shanghai factory last month were exported to other countries. Local sales of China-made vehicles fell by 69% to just 8,621 cars compared to June when Tesla sold 28,138 electric vehicles to customers in China.

FutureCar Staff 2021-09-16 12:55 PT

Li Auto Takes First Place in New Vehicle Insurance Registrations for China’s EV Startups in the Month of June

New Energy Vehicle (NEV) startup Li Auto topped the list in new vehicle registrations for China’s EV startups for the month of June, according to the China Automotive Technology & Research Center. It’s the first time ever that Li Auto took the top spot for New Energy Vehicle (NEV) startups in monthly insurance volume.

Eric Walz2021-08-18 11:55 PT

XPeng Launches its New & Improved G3i SUV in China, a More Affordable Alternative to the Tesla Model Y

​Competition in the electric vehicle space is heating up for Tesla in China, with new startups XPeng and NIO Inc. delivering stylish, tech-laden, yet affordable electric vehicles. Tesla challenger XPeng just unveiled its refreshed G3i, which offers autonomous driving capability and self-parking. It costs around half the price of a Tesla Model Y.

Eric Walz2021-08-15 09:45 PT

Tesla’s Electric Vehicle Sales Declined by Nearly Half Last Month in China

As Tesla deals with the fallout of increased government scrutiny over its customer service and how it handles data, its vehicle sales fell last month in China by nearly 50%. Tesla is also facing growing competition from rival automakers in China in the electric vehicle space.

FutureCar Staff 2021-07-11 12:45 PT

U.S. Listed New Energy Vehicle Startup Li Auto Refreshes its Li ONE SUV, Expects Monthly Sales of 10,000 Vehicles by Sept

Chinese New Energy Vehicle (NEV) startup Li Auto unveiled the refreshed Li One SUV with improvements in the powertrain, driving assistance system, intelligent cockpit, and user experience. With its redesigned Li ONE, the automaker expects monthly deliveries to reach 10,000 units by September, according to Shen Yanan, President & Co-founder of Li Auto.

Eric Walz2021-07-04 12:55 PT

'New Energy Vehicle' Insurance Registrations in China Show Tesla is the Top Selling Brand Over EV Startups

For the month of February, consumers in China purchased Mandatory Liability Insurance for 18,039 China-made Tesla vehicles. Of the 18,039 Tesla vehicles registered, 13,394 were Model 3 sedans and 4,645 were Model Y crossovers. The new Tesla registrations in February are more vehicles than China’s six leading EV startups combined, including NIO, XPeng and Li Auto.

Eric Walz2021-05-05 13:25 PT

China’s Newest New Energy Vehicle Startup Li Auto Reaches Sales of 30,000 Units This Year

China’s newest New Energy Vehicle (NEV) startup Li Auto is off to a good start in 2020. On Friday, the company announced it reached cumulative sales of 30,000 units so far this year. The 30,000 sales milestone is a first for a startup automaker in the country.

Eric Walz2021-01-24 12:50 PT

China’s Rising EV startup NIO Reports a Record Number of November Deliveries

On Tuesday, electric vehicle startup NIO reported it delivered 5,291 vehicles during the month of November, its highest number ever. The record deliveries represent a 109.3% year-over-year growth. NIO said it's in the process of accelerating its production capacity this month to accommodate the growing demand for its electric vehicles.

Eric Walz2021-01-07 16:30 PT

EV Startup NIO Launches a New 100 kWh 382 Mile Range Battery With a Subscription Plan

Chinese electric vehicle startup and Tesla competitor NIO Inc. launched its latest battery pack which offers more power and a longer range. The new 100kWh battery pack has a NEDC range of 615 km (382 miles) and is available as a subscription for NIO vehicles.

Eric Walz2020-12-16 11:30 PT