The team for phase 3 project of Giga Shanghai was formed in 2021.
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Category: China
Tesla plans to restart Giga Shanghai phase 3 project, report says
Tesla plans to restart the third phase of Shanghai plant project, possibly focusing on the production of the $25,000 model, according to local media.
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China’s NEV retail sales up 2% MoM to 783,000 in Nov, preliminary CPCA data show
China's passenger NEV penetration at retail stood at 38 percent in November, up from 37.8 percent in October.
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New model to be unveiled on Nio Day 2023 could be ultra high-end sedan ‘ET9’, says Deutsche Bank
The model would be a low-volume car, but may serve as a halo vehicle to generate excitement around the brand, Deutsche Bank said.
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Global EV battery market share in Jan-Oct: CATL 36.9%, BYD 15.8%
CATL's share continues to rank first in the world and remains the only global battery supplier with a market share of more than 30 percent.
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Nio to spin off its battery production unit, report says
The spin-off could take place as early as the end of this year, after which the battery unit will seek external investors, according to Reuters.
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Li Auto offers limited-time financial incentives to boost sales
Li Auto is offering preferential loan rates to customers who buy its models before the end of the year, a rare public promotional move by the company in the past few years.
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New report reveals reasons behind Nio’s acquisition of JAC plant assets
With full control over all core processes of vehicle production, Nio will be able to improve its manufacturing efficiency and have more leverage in the fierce competition.
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New Mini Cooper Electric spotted on trailer in China ahead of deliveries
Mini Cooper EV is manufactured in China jointly by Great Wall Motor and BMW for global markets.
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BYD chairman proposes RMB 200 million in share buybacks
The proposal is based on Wang Chuanfu's confidence in China's NEV industry and the company's prospects, as well as his recognition of BYD's value to boost investor confidence, BYD said.
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