Chinese EV and battery maker BYD plans to invest 28.5 billion yuan ($4.2 billion) in a series of battery projects in Yichun, Jiangxi Province. BYD is the third major new energy enterprise to set up projects in Yichun, after CATL and Gotion High-Tech.
Chinese electric vehicle startup Li Auto saw its losses widen in the second quarter of the year, according to its periodic fiscal disclosure on August 15, which also provided soft guidance for the third quarter.
News emerged that BYD Frigate 07 will start pre-sales at the Chengdu Auto Show on August 26 and will then be listed at the end of September. This model has passed the declaration of the MIIT in the first half of this year.
On August 15, Smart, a new energy vehicle brand jointly established by Mercedes-Benz and Geely, released many pictures of the new Smart #1 BRABUS Performance Edition. The car will be unveiled at the 25th Chengdu Motor Show on August 26.
On August 15, XPeng Motors held a launch event at which it announced that it had put the 1,000th self-operated charging station into operation, which is the first station to be equipped with the latest generation of ultra-fast charging pile in China.
On August 15, Chinese EV maker NIO and the United Nations Development Programme (UNDP) signed a cooperation agreement in Beijing as the partner of the Clean Parks platform.
After a car accident involving Taiwanese singer and racecar driver Jimmy Lin, another Tesla vehicle has crashed in mainland China. Recently, a Tesla Model Y owner suddenly lost control of the vehicle and hit a wall.
Tesla's Shanghai Gigafactory saw its one millionth production vehicle roll off the production line. Elon Musk, CEO of the US electric vehicle giant, shared the milestone on Twitter on August 15.
Shenzhen-based Huawei announced its business results for the first half of 2022 on August 12. The company has indicated that overall performance was in line with forecasts.
The China Automotive Battery Innovation Alliance released power battery data for July on August 11. During the month, China produced a total of 47.2 GWh of power batteries, up 172.2% year-on-year and 14.4% quarter-on-quarter.
Li Ruifeng, SVP of Great Wall Motor (GWM) and CEO of GWM’s WEY brand, will be promoted to the position of Chief Growth Officer, overseeing the company's branding business.
A fatal car accident occurred on August 10 in the eastern Chinese city of Ningbo, involving an XPeng P7 that collided with another vehicle in front, which had pulled over for repairs on the highway.
On August 10, automotive industry joint venture SAIC-GM-Wuling (SGMW) released the Lingxi Intelligent Driving System, which has deep integration with Chinese drone developer DJI's automotive system.
News emerged on August 10 that the blade battery manufactured by Chinese electric vehicle maker BYD has been delivered to Tesla's factory in Berlin, Germany, the first plant in which Tesla is using BYD's new battery.
On August 10, Yang Yuanqing, Chairman and CEO of Lenovo, responded at the communication meeting after the release of the financial report that the company had no plan to enter into the vehicle manufacturing field.