Smart and Sustainable Electric Mobility
Skyworth Auto has signed a 10-year partnership agreement with Saudi Arabia's KAG, with the first phase of a five-year partnership having a business plan worth RMB 10 billion ($1.38 billion).
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Previously, companies including SAIC, Jiyue, Geely Automobile Holdings and Deepal have announced access to Nio's charging network.
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Tesla is escalating the scale of layoffs in China, with more cuts starting earlier this week, extending mid-April cuts, according to Bloomberg.
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The Qin L DM-i is expected to be priced around CNY120,000 (US$16,610) to CNY150,000, according to local media.
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The joint venture is 51 percent owned by BYD's battery unit FinDreams, with local conglomerate Huaihai holding the remaining 49 percent.
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