China’s Nio
2021 Auto News China Auto China car company News

China’s Nio Misses Profit Forecast Even as EV Sales Grow

Chinese electric-vehicle upstart Nio Inc. posted a wider-than-expected loss in the fourth quarter, a year after a government cash injection saved the company from bankruptcy. Credit: bloomberg.com The net loss amounted to 1.39 billion yuan ($203.6 million), compared with 2.86 billion yuan a year earlier, the New York-listed company said in a statement on Monday […]

budget electric car
Automobile Automotive updates China Electric Carmakers electric vehicles

Chinese £3,200 budget electric car takes on Tesla

Credit: bbc.com A budget electric vehicle (EV) selling in China for $4,500 (£3,200) is now outselling Tesla’s more upmarket cars. The compact car is proving a big hit for state-owned SAIC Motor, China’s top automaker. The Hong Guang Mini EV is being built as part of a joint venture with US car giant General Motors […]

2021 Auto News Geely

Geely departs from convention with plan for new EV unit

Credits: www.techstory.in For years, the Automobile sector has been dominated majorly by either European automakers or Americans. Be it Volkswagen, General Motors, or now, Tesla. Yes, Japanese automakers like Toyota and Mitsubishi, but when you consider the majority, it’s pretty much between the USA and Europe. THE RISE OF CHINA IN EVS But the tide […]