Polestar, the premium electric vehicle maker owned by China's Geely, plans a big expansion of its showroom network in mainland China.
On November 27, Xpeng Motors announced that they have signed a deal with Alipay to jointly develop in-car payment functions.
On November 7, Tesla’s official Weibo account announced that the Chinese-made Tesla Model 3 is “coming soon” to the largest automotive market in the world.
The shares of the Chinese EV-maker NIO soared nearly 38% on November 5 after the company announced a deal with Intel's Mobileye on developing self-driving vehicle systems.
China’s real estate giant Evergrande Group announced on June 29 that the company’s all-electric NEVS 93’s are finally ready to be delivered to customers.
Tightening emission regulations to combat the pollution issues have pushed the rapid development of new energy vehicles around the world.
China is the world's largest market for car sales. Tesla's vehicles have to be imported into China, as Tesla is unable to produce cars in China. Nevertheless, Tesla doubled its sales in China in 2017, and Tesla's all-electric cars are commonly seen on China's roads.