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NIO brings its EVs to 4 additional European countries with business model completely different from in China

NIO introduced three of its latest models -- the ET7, EL7 and ET5 -- to European consumers, but the model that only allows leasing...

NIO explains why ES7 renamed as EL7 in Europe

Considering the potentially prolonged litigation with Audi, NIO has decided to use the EL7 model name in Europe for now in order to avoid...

Velodyne Lidar Acquires AI Software Company Bluecity

Velodyne Inc. announced the company has acquired Bluecity, a Montreal-based artificial intelligence (AI) software company whose next-generation, lidar-based solutions solve safety, traffic and infrastructure...

BYD to deliver 100,000 EVs to German car rental firm SIXT over next six years

The partnership began with SIXT's initial order for thousands of BYD's all-electric vehicles, with first deliveries in the fourth quarter of 2022. BYD has entered...

China’s Second-Tier EV Makers Rush to List in Blooming Market

After public listings by XPeng, NIO and Li Auto in China and overseas, the second echelon of the country’s electric vehicle industry, including firms...

EV Battery Market worth $134.6 billion by 2027

EV Battery Market is projected to grow at a CAGR of 19.0% from USD 56.4 billion in 2022 to USD 134.6 billion by 2027, according to...

Geely Holding Group Expands Mobileye Collaboration

Three additional Geely brands to leverage Mobileye SuperVision for advanced ADAS, building off the launch of ZEEKR 001. Mobileye and Geely Holding Group announced today...

Chinese Second- and Third-Tier Battery Firms Look to Gain Market Share

Chinese second- and third-tier battery manufacturers have been ramping up production and accelerating their overseas presence this year, vying for market share alongside first-tier...

Hertz and GM Plan Major EV Expansion

Hertz and General Motors Co. announced an agreement in which Hertz plans to order up to 175,000 Chevrolet, Buick, GMC, Cadillac and BrightDrop EVs...

Semiconductor Intellectual Property (IP) Global Market to Reach $7.2 Billion by 2026

The global semiconductor IP market size is expected to grow from USD 5.5 billion in 2021 to USD 7.2 billion by 2026, at a...

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