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United States · United StatesBEIJING (Reuters) – Chinese electric vehicle (EV) battery maker CATL on Thursday unveiled a lithium iron phosphate (LFP) battery with a driving range of more than 1,000 kilometres (621 miles) on a single charge. The Shenxing Plus is the world’s first LFP battery boasting such a range, Chief Technology Officer Gao Huan of CATL’s e-car division said on the first media day of the Beijing auto show. LFP batteries are environmentally friendlier t…See the Story
Chinese EV battery maker CATL unveils LFP battery with 1,000 km range
100% Center coverage: 1 sources
Ho Chi Minh City · Ho Chi Minh CityVinFast chief plans to invest $1 billion more from his fortune in EV maker Vietnamese billionaire Pham Nhat Vuong said on Thursday he planned to invest $1 billion more from his own fortune into Nasdaq-listed electric vehicle (EV) maker VinFast, and was considering listings for other companies he controls. Speaking at a shareholders meeting of Vingroup, the conglomerate he chairs and of which he directly owns 18% of its shares, Vuong said he cou…See the Story
VinFast chief plans to invest $1 billion more from his fortune in EV maker
100% Center coverage: 2 sources
Startups · United StatesBEIJING (Reuters) – Chinese electric vehicle (EV) startup Nio has set the starting price of the new version of its ET7 sedan at 428,000 yuan ($59,063), its chief executive said on Thursday. Deliveries of the ET7 are near 30,000 units since deliveries started at the end of March 2022, Nio CEO William Li said, calling the car China’s best-selling electric sedan priced above 400,000 yuan. The new version of the sedan enables seamless screen mir…See the Story
Chinese EV startup Nio sets starting price for new version of ET7 sedan
100% Center coverage: 1 sources
United States · United StatesTAIPEI (Reuters) – Taiwan faces a difficult national security situation, with China pressing closer all the time, President-elect Lai Ching-te said on Thursday has he announced the appointments of his new security and diplomacy teams ahead of taking office next month. China, which views democratically governed Taiwan as its own territory, has ramped up military and political pressure against Taipei over the past four years as it seeks to pre…See the Story
Taiwan’s president-elect appoints new team, says island’s security difficult
100% Center coverage: 1 sources
Nissan · BeijingBEIJING (Reuters) – Nissan Motor unveiled four concept cars for the Chinese market on Thursday as the Japanese automaker looks to stage a reversal from recent years of losing share in the world’s largest auto market. Nissan introduced two battery EV concept cars and two plug-in hybrids, a sedan and an SUV each. (Reporting by Daniel Leussink; Editing by David Dolan and Himani Sarkar)See the Story
Nissan unveils four concept cars to fuel China comeback
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Baidu · United StatesBy Sarah Wu BEIJING (Reuters) -Mercedes Benz’s China chief said on Thursday the company would continue to invest in tie-ups with Chinese partners like internet firm Baidu, noting China was crucial to its global strategy. China was “the most dynamic new energy vehicle market”, Hubertus Troska said at a press conference on the opening day of the Beijing autoshow that was also attended by Baidu CEO Robin Li. Mercedes sales chief, Duan Jianjun, told…See the Story
Mercedes says it will continue to invest in China tie-ups
100% Center coverage: 1 sources
United States · United StatesBEIJING (Reuters) – Chinese electric vehicle maker BYD unveiled the U7, its third ultra-luxury model under the Yangwang brand, on Thursday, as it makes a push upmarket to increase profitability amid an intensifying price war. Last year, BYD added the Yangwang brand to its stable with an SUV and sports car priced over 1 million yuan ($138,009). (Reporting by Yelin Mo and Brenda Goh; Editing by Kim Coghill)See the Story
BYD unveils third ultra-luxury model under Yangwang brand
100% Center coverage: 1 sources
United States · United States(Reuters) – Laboratory service provider Labcorp said on Wednesday it will acquire Softbank-backed Invitae Corp’s assets auctioned through a voluntary bankruptcy protection process, a few months after the genetic test maker filed for bankruptcy. Labcorp will acquire all of the bankrupt firm’s assets on a going concern basis for $239 million in cash consideration and other non-cash consideration, the companies said in separate statements. In F…See the Story
Clinical lab operator Labcorp to buy bankrupt genetic test maker Invitae for $239 million
100% Center coverage: 1 sources