Automotive giant, Volkswagen, has tapped Chinese start-up, Xpeng, to jointly develop new energy vehicles. The Wolfsburg-based car manufacturer would invest $700 million to purchase a 4.99 per cent stake in the company and an observer’s seat on the board, according to a LinkedIn post by Volkswagen China chief executive, Ralf Brandsatter. Both companies have outlined…
China has officially surpassed fellow Asian automotive heavyweight Japan as the world’s top exporter of motor vehicles. China beat Japan for the number one spot for the first three months of 2023, with analytics suggesting that similar growth is likely to continue, according to figures provided by China’s Association of Automobile Manufacturers. Vehicle exports in…
Chinese electric vehicle (EV) unicorn and Tesla rival, Xpeng, unveiled its new flagship models to several northern European countries, as it makes a pronounced international push in 2023. The Guangzhou-based startup launched its luxury P7 sedan and G9 sports utility vehicle (SUV) in Denmark, Sweden, Norway and the Netherlands in early February, according to the…
A Chinese automotive joint venture between three of the country’s most successful brands is gearing up to launch an all-wheel-drive mini electric SUV set to disrupt the global compact SUV market. Developed by SAIC-GM-Wuling, the KiWi mini EV SUV, the compact off-roader, enters the relatively new market segment fresh off the heels of its predecessor,…
Beijing-based TikTok owner ByteDance’s artificial intelligence startup, Haomo.AI, has unveiled a new infrastructure platform to supercharge China’s burgeoning autonomous driving industry. Jointly developed by fellow ByteDance cloud services subsidiary, Volcano Engine, the data centre Mana Oasis is the largest computer complex dedicated to autonomous driving, with an estimated computing power of 670 petaflops. Haomo.AI was…
Chinese automobile giant, BYD, is launching a luxury car brand in 2023 and is starting with the Yangwang SUV. Intending to compete with fellow luxury off-roaders like the Mercedes Benz G-Class and Land Rover Defender, prices for the all-electric and plug-in hybrid SUV will begin at roughly $110 000, making it BYD’s most expensive vehicle…
In a windfall for the South African mining sector, the demand for the country’s vast platinum reserves will rise sharply as China ramps up its production of fuel cell energy vehicles (FCEVs). The precious metal is vital to the manufacturing process of zero-emission hydrogen fuel cells. Platinum is a dense, unreactive, precious metal found in…
Car rental firm, Sixt, is discussing the purchase of 100 000 electric vehicles (EVs) from Chinese car firm BYD. The news comes off the heels of BYD’s European expansion. Sixt joins a slew of car hire companies looking to electrify their fleets by the end of the decade. Sixt, a German-based mobility service provider which…
Chinese electric vehicle (EV) startup, Xpeng, has launched the world’s fastest charging car to cities nationwide. Called the G9, the powerful sports utility vehicle (SUV) can add more than 250 kilometres (160 miles) of range in only a five-minute charging window. Xpeng, like many Chinese EV firms, is addressing range anxiety – the concern many…
Cape Town-based mobility firm, GoMetro, has assembled a group of companies and research agencies to test electric minibus taxis in the Western Cape town of Stellenbosch. The news comes as surging fuel prices and emissions targets are forcing many of the world’s governments to move away from fossil fuels and internal combustion engines (ICEs) in…