Stellantis Explores Collaborative Prospects in China’s Electric Vehicle Market

August 23, 2023 – In a move aimed at strengthening its presence in the booming Chinese electric vehicle market, Stellantis NV, the second-largest car manufacturer in Europe by sales, is reportedly exploring potential collaborations with a prominent Chinese electric car company. This endeavor marks Stellantis’ strategic bid to enhance its foothold in the world’s largest…

Read More

Xiaomi to Launch First Car in 2024

According to multiple media reports, during a Xiaomi Group investor event, Xiaomi’s founder Lei Jun disclosed the latest progress of the company’s automotive business. Lei Jun said that he spends half of his time on the automotive business and invested over 3 billion RMB in new businesses such as automobiles in 2022. The company’s automotive…

Read More

KTM Embarks on Restructuring Journey to Dodge Bankruptcy

November 30, 2024 – KTM, the Austrian manufacturer, is navigating through one of the most intricate periods in its history, as reported by foreign media. The company, which is currently grappling with a significant financial crisis, has initiated European restructuring proceedings. Under the terms of the Restructuring of Enterprises (RoE) regulations, KTM is required to…

Read More