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Zeekr, owned by Chinese automaker Geely Auto, had made its listing prospectus public earlier this month after confidentially filing in December to float its shares in New York. The company said its total revenue surged to 35.31 billion yuan (USD 4.90 billion) in the nine months ended Sept. 30, compared with 18.47 billion yuan a year earlier.
Japanese auto giant Nissan will commit Friday to building electric models of two best-selling cars in Sunderland, northeastern England, in an investment of more than £1.0 billion, the Financial Times reported. Finance minister Jeremy Hunt pledged Wednesday to invest £4.5 billion in strategic sectors including the auto industry.
JSW Group’s stake purchase in the Chinese EV major MG Motor India to likely help it grow its capacity to 300,000 units a year by adding a new plant in Gujarat.
Judge Reid Scott, in the Circuit Court for Palm Beach County, ruled last week that the plaintiff in a lawsuit over a fatal crash could proceed to trial and bring punitive damages claims against Tesla for intentional misconduct and gross negligence. The order has not been previously reported.
BAIC ORV is proposing to build two versions of the new Xiaomi-branded model in Beijing, according to its filing: the SU7 with BYD's lithium iron phosphate batteries and a top speed of 210 kilometres per hour (kph); and the SU7 Max with CATL's nickel- and cobalt-based lithium batteries and speed of up to 265 kph.