Jidu Auto launches the 07 sedan on Sept 10, 2024. [Photo provided to chinadaily.com.cn] Jidu Auto, a joint venture between Chinese tech giant Baidu and leading automaker Geely, launched its second model, the 07, on Wednesday, with a starting price of 199,000 yuan ($27,950). The electric car benefits from its parent companies’ resources and battery … Continue reading Jidu relies on fine origins to compete in EV market
Tag: automaker
Neta set to launch vehicles in Mexico
Neta employees celebrate as the startup’s 400,000th vehicle rolls off the assembly line in Zhejiang province in March 2024. [Photo provided to chinadaily.com.cn] Chinese new energy vehicle startup Neta has signed agreements with a Mexican bank, EV association and several dealership partners, signaling that the automaker is ready to enter the Mexican market, CEO Zhang … Continue reading Neta set to launch vehicles in Mexico
US automakers pump the brakes on EV plans
A tire rim on a vehicle at a Ford Motor Co dealership in Colma, California, US, on Feb 1, 2021. [Photo/VCG] Ford Motor outlined plans on Thursday to use a Canadian plant it had earmarked for a future electric vehicle to instead build larger, gasoline-powered versions of its flagship F-Series pickup truck. Ford had already … Continue reading US automakers pump the brakes on EV plans
Italy to woo Chinese carmakers with local marques
The logo of Stellantis is seen at the main entrance of FCA Mirafiori plant in Turin, Italy, January 18, 2021. [Photo/Agencies] The Italian government is mulling over taking over defunct auto brands owned by Stellantis and offering them to Chinese companies to attract them to set up factories in the European country, according to Reuters. … Continue reading Italy to woo Chinese carmakers with local marques
Investments forecast to hit profits at Toyota
Toyota showcases its electric car at the second China International Import Expo in November. [Photo by Li Fusheng/China Daily] Toyota Motor forecast a 20 percent profit decline in the current financial year on Wednesday, citing looming investment in both its suppliers and strategy after it delivered blockbuster fourth-quarter earnings. Despite the leaner forecast, the results … Continue reading Investments forecast to hit profits at Toyota
Tesla pulls a U-turn on affordable vehicle plans
Tesla showcases its models at the Beijing auto show in 2020. [LI FUSHENG/CHINA DAILY] Tesla has canceled its long-promised inexpensive car that investors have been counting on to drive its growth into a mass-market automaker, according to three sources familiar with the matter and company messages. The automaker will continue developing self-driving robotaxis on the … Continue reading Tesla pulls a U-turn on affordable vehicle plans
Dongfeng reveals latest hybrid Mach technology
Visitors take photos of a Mach PHREV transmission in Beijing on March 30. [Photo provided to chinadaily.com.cn] Dongfeng Motor unveiled its plug-in hybrid range-extended Mach technology in Beijing on Saturday night, presenting the State-owned automaker’s efficient electric drive. You Zheng, deputy general manager of Dongfeng Motor, said models equipped with the Mach PHREV combine the … Continue reading Dongfeng reveals latest hybrid Mach technology