Jidu Auto, an electric vehicle venture between Baidu and Geely, aims to invest 50 billion yuan ($7.70 billion) into producing smart cars for the next five years, its CEO Xia
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Hyundai Motor posted a first-quarter profit that almost tripled to its highest in four years as people purchased its luxury cars but warned it would have to adjust production again
Hongqi, a car brand under China’s leading automaker FAW Group, debuted its new S9 sports car at the opening of Auto Shanghai 2021 on Monday. The automaker said the first
Subaru said on Tuesday that it was suspending production at its plant situated in Indiana through the end of April because of a global shortage of semiconductors. Automakers including Ford
Toyota Motor said on Monday it will introduce 15 battery electric vehicle (BEV) models worldwide by 2025, expanding the electric vehicle lineup to achieve carbon neutrality prior to 2050. The
Nissan Motor is set to cut production at some factories in Japan by next month, three sources with direct information of the plan informed Reuters on Thursday. The automaker will
Hyundai Motor Group said on Thursday it prepares to launch electric vehicles in China every year starting by 2022 to strengthen its presence in the country. The automaker said it
Sweden’s Polestar, the electric automaker controlled by Volvo Cars, and its parent, Geely, has raised $550 million in external funding, according to the company. The financing is Polestar’s first external
Chinese automaker FAW Group sold more than 1 million vehicles in the first quarter of this year, showing an increase of 74.3 percent year-on-year sales. Other than that, the automaker
South Korean automaker Hyundai Motor said on Friday it has decided to suspend production for two days from Monday at its Asan plant due to chip shortage. It said the
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