China-based EV startup Xpeng Motors has announced to have completed a RMB 4 billion worth of Series B+ round financing, which is the largest single round of financing so far this year among Chinese vehicle startups by the value raised. Related: NIO Officially Launches the ES8 7-seat Electric SUV The latest fundraising was jointly led by […]
The long awaited Qiantu K50 electric supercar from China is finally ready. It will be officially launched on the Chinese car market on the 8th of August 2018. The Qiantu K50 is manufactured by Qiantu Motors, a company owned by CH Auto, which is a Beijing based automotive technology company. The slogan of the company […]
A new luxury electric car brand from China is getting ready to take on Tesla and others with a new high-tech electric car. The electric vehicle brand is called Gyon and will be launched in USA next month. Related: Tesla May Fall from 1st to 7th Place in the EV Market by 2021 Although Gyon […]
A forecast released by PA Consulting Group, which is a company specializing in management consulting, technology and innovation, has revealed that Tesla could lose its coveted top spot in the electric vehicle (EV) market very soon. Based on the findings, the firm said German carmakers such as Daimler, BMW, Volkswagen and even Volvo will pull […]
Toyota announced last year that it plans to sell 5.5 million electrified cars per year by 2030. And the world’s largest car market would definitely play a big role in the strategy. Related: The 1.0L Turbo Civic Launched in China In order to achieve that, Toyota unveiled electrified version of two cars at the 2018 […]
It is said that Electric Vehicles (EV) are the future. Every automobile manufacturer is heavily investing in EVs and it is predicted that 10 years from now, electric vehicles will achieve the same level of production as that of petrol and diesel powered cars today. Related: JAC Plans to Bring Electric Vehicles in Pakistan Recently […]
Rahmat Group has signed at least 14 memorandum of understanding (MoUs) and technical collaboration agreements last month with different Chinese companies to establish Electrical Complex at Nooriabad. This complex has been planned to establish assembly-cum-progressive manufacturing plants for electric/ battery operated vehicles under joint venture and technical collaboration agreements with the Chinese manufacturers. Roll out […]
FAW Sirius S80, the Daihatsu Xenia/ Toyota Avanza based 7-seat MPV was sold by Al-Haj FAW in Pakistan between 2013 and 2017. The Sirius despite being well-equipped and competitively priced was discontinued in our country due to low sales. Related: Why FAW Sirius wasn’t as Successful as Honda BR-V? Although it remains available for sale […]
EDAG, the world’s largest independent German engineering service provider, has been awarded a contract by VinFast Manufacturing & Trading Company Limited for the complete development of the first electric vehicle for the Vietnamese market. Related: Erdogan Unveils Plans for Turkey’s National Car for a 2021 Debut The startup company of the Vietnamese Vingroup plans to […]
JAC Motor, a Chinese state-owned automobile and commercial manufacturer is planning to introduce electric vehicles in the Pakistani market, according to its Deputy Chief Economic Manager David Zhang. Expressing confidence in the current economic situation in Pakistan, he said Pakistan’s economy is now gearing up and there is visible improvement in the development of infrastructure. […]
