Rumours suggest up to 70% of staff are being laid off as brand seemingly confirms a restructuring is underway. Various reports coming out of Neta suggest the budget EV brand is facing financial difficulties with rumours of employee layoffs and production pauses muddying the picture. Some publications are quoting an insider saying as many as […]
Electric carmaker XPeng took the opportunity of its AI Tech Day to unveil a host of AI-driven products as it enters its second decade. Chinese carmaker, or more accurately now Chinese technology company, XPeng, has showcased a variety of AI-driven products set to power the future of the brand at its AI Tech Day in […]
Shenzhen-based autonomous driving startup defies industry-wide macroeconomic challenges to win hefty funding from major OEM. The significant funding boost was announced at a media briefing today by the Chinese autonomous driving startup and, although the OEM was not specifically named, CNEVPost reports that the mystery donor is indeed Great Wall Motors. The Baoding-based automaker, whose […]
BYD’s sales success continues unabated leading brand to significantly boost hiring and production capacity numbers. In the space of just three months from August to October, BYD has added both 200,000 units of production capacity and nearly 200,000 employees as its sales figures continue to soar. The update comes from BYD’s executive vice president, He […]
Hyundai has struggled in China of late but isn’t throwing in the towel just yet, with a China-only EV set to launch in 2025. The news was revealed alongside the establishment of the Hyundai Motor China Advanced Tech and R&D Centre in Shanghai in a clear sign that Hyundai is committed to turning around its […]
Nearly all brands see deliveries increase in October, but absolutely nobody can keep pace with BYD. As predicted, October’s NEV (new energy vehicle) sales in China hit new heights almost across the board, but as ever, it was BYD leading the way and by quite some margin, blasting straight past the half a million deliveries […]