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India

Yilei Sun

Chinese electric vehicle maker Xpeng raises another $300 million, sources say

31 Jul 2020

SHANGHAI Chinese electric vehicle (EV) maker Xpeng Motors has raised an additional $300 million from investors including Qatar's sovereign wealth fund, people familiar with the matter said.

UPDATE 1-Chairman of Daimler's China partner BAIC Group retires

31 Jul 2020

SHANGHAI, July 31 Chinese state-owned automaker BAIC Group, which has partnerships with German luxury automaker Daimler AG and Korea's Hyundai Motor Co, said on Friday its chairman has retired.

Tesla hiring in Shanghai as production ramps up

28 Jul 2020

SHANGHAI Tesla Inc has launched a hiring spree in Shanghai with plans to bring on designers at its China studio and about 1,000 factory workers, job posts show, as the U.S. electric vehicle maker ramps up production in the world's biggest auto market.

'Please mine more nickel,' Musk urges as Tesla boosts production

23 Jul 2020

BEIJING/MELBOURNE Tesla Inc boss Elon Musk urged miners to produce more nickel, a key ingredient in the batteries that power the company's electric cars, warning the current cost of batteries remained a big hurdle to the company's growth.

'Please mine more nickel,' Musk urges as Tesla boosts production

23 Jul 2020

BEIJING/MELBOURNE Tesla Inc boss Elon Musk urged miners to produce more nickel, a key ingredient in the batteries that power the company's electric cars, warning the current cost of batteries remained a big hurdle to the company's growth.

Volkswagen-SAIC JV to revamp Shanghai plants to make Audi sedans: government document

14 Jul 2020

BEIJING Volkswagen AG and its Chinese joint venture partner SAIC Motor plan to invest 4.13 billion yuan ($590 million) to revamp their car plants in Shanghai to make new Audi sedans, according to a government document seen by Reuters.

UPDATE 1-Volkswagen-SAIC JV to revamp Shanghai plants to make Audi sedans - govt document

14 Jul 2020

BEIJING, July 14 Volkswagen AG and its Chinese joint venture partner SAIC Motor plan to invest 4.13 billion yuan ($590 million) to revamp their car plants in Shanghai to make new Audi sedans, according to a government document seen by Reuters.

Volkswagen-SAIC JV to revamp Shanghai plants to make Audi sedans - govt document

14 Jul 2020

BEIJING, July 14 Volkswagen AG and its Chinese joint venture partner SAIC Motor plan to invest 4.13 billion yuan ($590 million) to revamp their car plants in Shanghai to make new Audi sedans, according to a government document seen by Reuters.

Surging truck sales boost China's auto sector revival in June as economy upshifts

10 Jul 2020

BEIJING/SHANGHAI Auto sales in China rose 11.6% in June from a year earlier to 2.3 million units, driven largely by strong demand for trucks and other commercial vehicles as Beijing ramps up infrastructure spending to revive the economy.

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