The deal values Newcool at RMB 115 billion, the same as when Avatr bought a 10 percent stake earlier this month.
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Author: Phate Zhang
BYD reveals official images of Seal 06 GT as debut nears
The exterior of the BYD Seal 06 GT carries a sporty and performance car look, though not as aggressive as the design of the Ocean-M concept.
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Xpeng launches G6 electric SUV in Thailand
The G6 is Xpeng's first model launched in Thailand, and the SUV will also be available in Malaysia, Singapore, and Australia in the coming months.
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Li Auto signs deal to speed up charging facility buildout
Li Auto has signed a deal with state-owned Shoucheng Holdings to accelerate the construction of charging infrastructure in cities, and plans to set up a joint venture.
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BYD to unveil Seal 06 GT, production version of Ocean-M concept, on Aug 30
The Seal 06 GT is an all-electric mid-size sedan based on BYD's latest all-electric platform, the e-Platform 3.0 Evo.
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Neta S shooting brake to be 1st model based on CATL’s skateboard chassis
The 800 V version of the Neta S shooting brake BEV will be based on CATL's CIIC, the first model in the world to use the skateboard chassis.
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Nio to report Q2 2024 earnings on Sept 5
Nio delivered a record 57,373 vehicles in the second quarter, exceeding the upper end of its guidance range of between 54,000 and 56,000 vehicles.
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Nio emerges as surprise winner as Chinese video game ‘Black Myth: Wukong’ becomes global hit
As Black Myth: Wukong becomes a global hit, images of a character resembling Nio's CEO have been widely circulated, giving Nio unexpected exposure.
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Zeekr to launch hybrid model in H2 2025 in major strategy shift
Zeekr will launch a flagship SUV in the second half of 2025 that will offer a variant with a new electric-hybrid powertrain technology, its CEO said.
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Xiaomi formally sets 2024 car delivery target of 120,000, reveals EV business financial performance for 1st time
In the second quarter of 2024, Xiaomi's innovative businesses, including smart EVs, generated total revenue of RMB 6.4 billion ($900 million), with a gross margin of 15.4 percent.
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