Zeekr expects to use its own cash reserves and external financing to fund the acquisition.
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Zeekr expects to use its own cash reserves and external financing to fund the acquisition.
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Zeekr saw its net loss decrease by 37.0 percent in the third quarter, while lower battery pack sales dragged down revenue.
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Ehang aims to achieve certification and mass production use of solid-state batteries in the EH216-S eVTOL by the end of 2025.
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Zeekr and Lynk & Co will undergo a strategic integration with the goal of achieving Zeekr's controlling stake in Lynk & Co, according to a Chinese state-run media report.
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China's NEV production for the full year 2024 is expected to exceed 12 million units.
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CATL would consider building a plant in the US if Trump opens the door for Chinese investment in the US EV supply chain, the battery maker's chairman Robin Zeng said.
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BYD Korea said it has “completed review to release passenger car brands in the domestic market” and expects to enter the South Korean market early next year.
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Xiaomi EV saw the 100,000th unit of the SU7 roll off the assembly line, with the 100,000th delivery milestone expected to be reached later this month.
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The Bao 8 is the second model from Fang Cheng Bao and the first under the BYD umbrella to feature Huawei's driver assist system.
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