Shanghai has invited General Motors to boost investment and research and development in the city, the city government said on Wednesday, reports Reuters. Shanghai looked forward to General Motors bringing more high-end products and cutting-edge technologies to the sixth China International Import Expo this year, the government cited Shanghai’s Communist party secretary Chen Jining as […]
Category: Autos
BYD, China’s biggest electric vehicle maker, has set up a new autonomous driving division and embarked on a huge hiring spree, reports Reuters. Between 4,000 and 5,000 software engineers have been hired recently, BYD senior vice president Stella Li told an investor forum this month when quizzed why the automaker was behind in automation and […]
Shareholders of China Evergrande New Energy Vehicle Group accepted a proposal to dispose of two subsidiaries in a restructuring, according to a filing with the Hong Kong stock exchange on Friday night, reports Reuters. More than 50% of the votes under the EV company, a unit of embattled property developer China Evergrande, were cast at […]
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Hozon to make EVs in Thailand
China’s Hozon New Energy Automobile Co. will start production in Thailand to sell in Southeast Asia, becoming the latest electric vehicle maker to begin building a supply chain in the region’s top auto-manufacturing hub, reports Bloomberg. Hozon signed an agreement with a Thai auto assembly firm earlier this week to produce its NETA V model […]
Chinese truckmaker Beiqi Foton Motor Co. is planning a second plant in Mexico to manufacture electric vehicles with an eye on US exports, reports Bloomberg. The plant’s location has yet to be decided, said Roberto Talavera, director of electric vehicles at Foton in Mexico, but the states of Jalisco and Aguascalientes—already home to a number […]