Zeekr expects to use its own cash reserves and external financing to fund the acquisition.
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Author: Phate Zhang
Zeekr sees net loss narrow significantly in Q3, revenue down slightly
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 completes 1st ever flight test of eVTOL powered by solid-state batteries
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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Geely reportedly to integrate Lynk & Co into Zeekr brand
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 year-to-date NEV production surpasses 10 million mark
China's NEV production for the full year 2024 is expected to exceed 12 million units.
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CATL would build plant in US if Trump clears path, chairman says
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 to enter South Korean passenger car market in 2025
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 reaches production milestone of 100,000th car off line
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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BYD Fang Cheng Bao launches Bao 8 with Huawei driver assist system, starting at $52,520
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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