The move was announced on Friday by William Li Bin, founder, chairman and chief executive of Nio, who described the lay-offs as “a tough but necessary decision” amid fierce competition …
Good morning! It’s Friday, November 3, 2023, and this is The Morning Shift, your daily roundup of the top automotive headlines from around the world, in one place. Here are …
Nio, the Chinese carmaker known for its sleek, premium electric SUVs, has started a new round of layoffs as intense competition propels it to cut costs and regroup resources. In …
China’s leading makers of premium electric vehicles (EV) reported record monthly deliveries in October, in the latest sign that battery-powered cars are continuing to win favour with wealthy consumers in …
BYD, the world’s largest electric vehicle (EV) maker, reported on Monday its highest ever quarterly profit for the period ending September, buoyed by surging deliveries and a cost-cutting campaign driven …
Tesla has rescinded a discount on the performance edition of its Shanghai-made Model Y sport-utility vehicle (SUV), just 10 weeks after the US carmaker slashed the price to lure mainland …
And China is quickly rolling out charging infrastructure at an impressive scale, said Abhishek Murali, senior analyst at energy research consultancy Rystad Energy. The number of charging points reached 7.6 …
Saudi Arabian smart city developer Neom is ploughing US$100 million into Chinese autonomous driving technology start-up Pony.ai to help fund its research and development and to finance its operations reinforcement. …
Snapdragon 8 Gen 3 was announced by Qualcomm at the chipmaker’s annual Snapdragon Summit event on Tuesday. The new chip will power flagship Android smartphones from a range of manufacturers …
Snapdragon 8 Gen 3 was announced by Qualcomm at the chipmaker’s annual Snapdragon Summit event on Tuesday. The new chip will power flagship Android smartphones from a range of manufacturers …