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China's EV frenzy drives carmaker stocks' outperformance of Hang Seng Index as red-hot sales show no signs of cooling - Vimarsana News

China's EV frenzy drives carmaker stocks' outperformance of Hang Seng Index as red-hot sales show no signs of cooling

Chinese consumers’ mania for electric vehicles has driven the stocks of leading carmakers in a two month rally that has seen some of them double in value dwarfing the market benchmark’s gains.

Source: scmp.com
Chinese EV maker BYD challenges rival Li Auto with launch of second premium SUV in a month via Mercedes-Benz venture - Vimarsana News

Chinese EV maker BYD challenges rival Li Auto with launch of second premium SUV in a month via Mercedes-Benz venture

The plug-in-hybrid N8 SUV challenges rival Li Auto’s bestselling L8 model in the high-end segment of a red-hot market.

Source: scmp.com
Volkswagen's Platform-Purchasing Deals Subvert Old Automotive Paradigms - Vimarsana News

Volkswagen's Platform-Purchasing Deals Subvert Old Automotive Paradigms

Volkswagen started its EV push by suggesting that its first dedicated battery electric vehicle (BEV) platform would be sold to smaller companies willing ...

Xpeng's head of autonomous driving quits, rumored to join Nvidia - Vimarsana News

Xpeng's head of autonomous driving quits, rumored to join Nvidia

Xpeng, a prominent Chinese electric vehicle maker and a competitor to Tesla, has announced the resignation of its vice president of autonomous driving, Xinzhou Wu, over personal and family reasons. Wu, formerly a senior director of engineering at Qualcomm where he spent over a decade, was effectively the head of Xpeng's autonomous driving business and played a pivotal role in helping Xpeng gain an edge over its EV rivals in the intelligent driving race. The NYSE-listed EV upstart is recognized for its in-house, full-stack development team responsible for creating the advanced driver ass...

Source: yahoo.com
Volkswagen in talks with Leapmotor on tech tie-up for Jetta brand, ET Auto - Vimarsana News

Volkswagen in talks with Leapmotor on tech tie-up for Jetta brand, ET Auto

Volkswagen explores collaboration with Chinese EV startup, Zhejiang Leapmotor Tech, for Jetta brand. VW-FAW joint venture may acquire EV tech platform from Leapmotor. Both companies remain tight-lipped; Reuters couldn't verify. Leapmotor aims to license its new platform to other automakers globally.