Daily Archive: February 2, 2024

Volvo cuts Polestar funding, as EV startup struggles

2024 Polestar 3 prototypeVolvo will stop funding Polestar, in a move that will give its parent, China's Geely greater control of the EV brand. But according to Volvo, in terms clarified on Friday, it won't completely let go. It will retain about 18% of Polestar shares, while the rest of it will go to Volvo's shareholders—allowing its majority owner Geely to boost...

China’s Jan NEV wholesale at 700,000, down 37% from Dec, CPCA estimates show

China's January wholesale sales of passenger NEVs are expected to be 700,000 units, up 80 percent year-on-year, but down 37 percent from December, the CPCA said.

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Nio to launch active safety features based on end-to-end neural networks in H1, report says

If it moves forward smoothly, Nio will be the fastest among Chinese companies to mass-produce end-to-end features, LatePost said, citing a person close to the company.

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