Smart and Sustainable Electric Mobility
The Baojun Yunduo is ready for pre-sales in China with 400 km of range, 136 hp and the starting price of 14,000 USD. BYD Dolphin rival.
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Tesla is asking several Chinese supply chain companies to build factories in Mexico in order to replicate a Giga Shanghai and its supply chain system there, according to local media.
(Image: Tesla China video screenshot)
China's well-established electric vehicle (EV) industry chain is one of the key factors in Tesla's success in the country. Now, the US EV maker is reportedly looking to replicate it in Mexico.
Tesla is asking several Chinese supply chain companies to build factories in Mexico to replicate a Giga Shanghai and its supply chain system there, local media outlet 36kr reported today.
Tesla's pace is urgent and suppliers could lose orders amounting to hundreds of millions of yuan if they don't respond in time, the report said, citing a person familiar with the matter.
On March 1, Tesla unveiled plans to build a factory in Mexico for the production of next-generation cars at an Investor Day event.
Mexican Foreign Ministry officials had said the plant would invest more than $5 billion and have a planned capacity of 1 million vehicles.
Some of Tesla's suppliers in China have announced plans to build factories in Mexico since the beginning of this year.
Ningbo Xusheng Group said in late March that it would build a production base in Mexico, with a total investment of no more than $276 million. Late May, the construction of the project was officially launched in Mexico's Coahuila state.
If all goes well, the plant will be ready for production in July or August next year, 36kr said, citing a source close to the project.
According to the report, a number of Chinese manufacturers of production line equipment have already set up offices in Mexico to take charge of design, after-sales support and other business aspects.
Mexico is now a hotbed of investment, many customers are coming over, and there are even supply chain companies bringing production line workers to Mexico to build factories, the report quoted a Tesla supplier source as saying.
Low labor costs, and industrial chain support are Mexico's advantages. However, there are supply chain sources said that Mexico is not as mature as the European and American markets, social and geopolitical risks are relatively high, the report noted.
On July 18 last year, Bloomberg reported that Chinese power battery giant CATL was considering building a manufacturing plant in at least two locations in Mexico, possibly to supply Tesla and Ford.
The CATL sites would help Mexico cement its role in the region's electric vehicle production, which has long been a major part of the auto industry's supply chain, the Bloomberg report noted.
Tesla's revamped Model 3 nears final trial production in Shanghai, report says
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EVOGO's battery swap service was previously available in Xiamen, Hefei and Guiyang.
(Image credit: CnEVPost)
EVOGO, the battery swap service brand of CATL, China's largest power battery manufacturer, has brought its service to a new city.
EVOGO's battery swap service is now available in Fuzhou, the capital of Fujian province, with the first three battery swap stations already in operation, CATL said on June 6.
By the end of this year, EVOGO's service radius in the Fuzhou urban area is expected to narrow to 8 kilometers, said Ningde, Fujian-based CATL.
EVOGO's operating entity, CATL's subsidiary Contemporary Amperex Energy Service Technology (CAES), signed a strategic cooperation framework agreement with the subsidiaries of Sinopec and State Grid in Fujian on June 6.
(Image credit: CATL)
CATL unveiled the EVOGO brand on January 22, 2022, which offers a battery swap solution consisting of battery blocks, fast battery swap stations, and an app.
The battery blocks, called Choco-SEB (swapping electric block) by CATL, are mass-produced batteries developed specifically to enable shared battery swaps, allowing consumers to pick and choose from one or more batteries to flexibly match their mileage needs.
(Image credit: CnEVPost)
EVOGO's battery swap service was officially launched on April 18, 2022, with Xiamen, Fujian being the first city to see the service available.
On June 18 last year, Hefei, Anhui province in eastern China saw the launch of EVOGO's battery swap service, becoming the second city to be covered by the service.
On December 12, CATL announced the expansion of EVOGO's battery swap service to a third city -- Guiyang in southwestern China's Guizhou province.
The first vehicle to support EVOGO's battery swap service is the NAT (Next Automatic Taxi) model of FAW's Bestune brand, which is aimed at the shared mobility market.
On April 27 last year, CATL announced that it had signed a framework agreement with EV startup Aiways to develop a battery swap-enabled model based on the Aiways U5, the second EVOGO battery swap-enabled model. Aiways is currently facing financial difficulties.
Last October 25, CATL said that the Dongfeng Peugeot-Citroën's Dongfeng Fukang ES600 sedan will have a variant capable of using EVOGO's battery swap service.
CATL officially unveils battery swap brand EVOGO, brings innovative battery block concept
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Zhu Jiang, a former executive at NIO, Ford and Jidu Auto, has joined Lucid to head up its China operations, and he said Lucid is starting to prepare for its entry into the country.
(Image credit: Lucid Motors)
US electric vehicle (EV) startup Lucid Motors (NASDAQ: LCID) has hired an auto industry veteran in China, as it began hiring for a slew of positions late last year.
Zhu Jiang, who previously served in executive roles at NIO (NYSE: NIO), Ford (NYSE: F) and Jidu Auto, the car-making arm of Baidu (NASDAQ: BIDU), has joined Lucid to head up its China operations, local media outlet Jiemian reported on June 7.
Lucid is just starting to prepare for its entry into the Chinese market, Zhu told the outlet.
Since April, Zhu has been sharing information about Lucid in the status of his personal WeChat account, according to the report.
Lucid said on May 31 that it was raising about $3 billion through a new stock offering, most of which came from Saudi Arabia's Public Investment Fund (PIF), which controls it.
The financing is aimed at allowing Lucid to accelerate bringing state-of-the-art EV technology and product experiences to users across the industry and around the world, and China is looking forward to it, Zhu said recently, according to Jiemian.
Zhu is a Chinese automotive industry veteran who joined BMW Brilliance in 2003 to head marketing activities and served as Mini brand director from November 2008 to 2012.
He left BMW to join Lexus in 2013 and helped the automaker achieve its first 100,000-vehicle annual sales in China in 2016.
Zhu joined NIO in 2017 as vice president of user development.
He left NIO in the first half of 2020 and joined Ford China on June 1, 2020, as chief operating officer of the EV business unit.
During his time at Ford, he led the team through the production and launch of Ford's first all-electric vehicle, the Mustang Mach-E, in China.
In November 2021, Zhu joined Jidu as vice president and head of user development and operations. Jidu was officially launched on March 2, 2021 and the first model has been unveiled but has not yet hit the market.
Lucid was co-founded in 2007 by Bernard Tse, former vice president and director of Tesla, and Sam Weng, a former Oracle executive. In December 2016, Lucid's first production car, the Lucid Air, was launched.
Lucid is targeting the high-end luxury EV market, with the Lucid Air starting at a current price of $87,400.
In July 2021, Lucid went public on NASDAQ through a merger with a special purpose acquisition company (SPAC) and currently has a market cap of $14.5 billion.
In November 2021, Lucid said in its first earnings report after listing that it planned to enter the Chinese market in 2023.
The company's CEO, Peter Rawlinson, said in a CNBC interview at the time that Lucid will build a factory in China by "mid-decade".
In December 2022, Lucid's website opened up 14 jobs in China, all of them in Shanghai, in areas including hardware engineering, supply chain, retail, logistics, digital, and legal.
Three of the 14 jobs were related to localization, implying that Lucid was launching preparations to enter China at that time.
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The EV model has two cruising range options of 520 km and 605 km.
The post New BYD Song Plus DM-i and EV models will start pre-sale on June 8 appeared first on CarNewsChina.com.
