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China is likely to place an emphasis on new infrastructure – such as new energy, charging stations for electric cars, data centers, 5G – amid concerns over an economic slowdown. ....
Apple Assembler Foxconn Accelerates Push Into High-Tech Automobiles forbes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from forbes.com Daily Mail and Mail on Sunday newspapers.
【Summary】Chinese electric vehicles startup Xpeng Inc. announced on Tuesday that it secured a $2 billion (12.8 billion yuan) line of credit from five state-owned Chinese banks. The startup electric automaker will use the funds to expand its operations as it looks to take on Tesla in its home country. FutureCar Staff Jan 12, 2021 10:50 AM PT author: FutureCar Staff The Xpeng P7 sedan, which launched in 2020, is a more affordable alternative to the more expensive Tesla Model S in China. Electric automaker Tesla receives most of the attention in the U.S. and around the world as a leading electric vehicle maker. But in China, which is the world s biggest auto market, new electric vehicle startups are emerging as strong competitors to Tesla, including Xpeng Inc. (Xpeng) and NIO Inc. ....
Nio takes wraps off the ET7, its first ever all-electric sedan Simran Rastogi Published: January 11, 2021, 12:33 PM IST Chinese auto manufacturer Nio unveiled its newest EV, the ET7 electric sedan, at a star-studded annual Nio Day event in Chengdu. The ET7 (based on the ET concept) is Nio s first ever all-electric sedan model, coming after the success of the EC6, ES6 and ES8 SUVs, and also represents the manufacturer s first fully autonomous-capable vehicle. With deliveries expected in Q1 2022, the ET7 looks like it could successfully take on Tesla s flagship Model S, with pricing undercutting the Americans at a starting price of 448,000 yuan (Rs 51 lakh converted) pre-subsidies. Nio will also offer the ET7 s battery on a subscription basis which drops the price further to 378,000 yuan (Rs 39 lakh converted). ....