China’s seventh largest electric vehicle maker, Xpeng, announced it is expanding further into Europe, eyeing the Dutch and Swedish markets, reports Reuters. Xpeng, which makes the P7 and P5 sedans as well as the G3 and G9 sport-utility vehicles, has already established a presence in Norway, having begun shipping its cars there in late 2020. […]
Category: Autos
Stellantis NV’s attempt to increase control over its struggling Jeep joint venture in China has seen pushback from its local partner who says they only found out about the plan via Stellantis’ website, reports Bloomberg. Stellantis, formed from the merger of Fiat Chrysler and PSA Group, said Thursday it plans to increase its shareholding in […]
US carmaker Ford has formed a joint venture with their longstanding Chinese partner Jiangling Motors, in order to reinforce Ford’s sales efforts and reach in China, reports Reuters. Jiangling Ford Automobile Technology (Shanghai) Co aims to sell Ford passenger vehicles—mainly SUVs and vans—built by JMC through a network of 181 showrooms in major Chinese cities. […]
China’s largest private car manufacturer Geely is set to install solar panels on the roofs of all its construction plants over the next two years as it looks to meet its carbon reduction target of 25% by 2025, reports Bloomberg. Geely JoiNet, the division charged with greening the automaker’s production hubs, is also preparing to […]
Investors on the Chinese mainland are set to get the opportunity to invest in Xpeng and Li Auto, two of the main challengers to EV market leader Tesla, once the companies become eligible for the Stock Connect program, reports the South China Morning Post. The Stock Connect program is a cross-border trading scheme that allows […]