EV

Affected by the international environment, Saudi Arabia launched an oil price war, which drastically lowered crude oil prices, making international oil prices continue to fall.

Xiaomi announced on March 16 that it has entered into cooperation with Nio Motor, and its Mi Watch will launch a Nio App that can perform car control functions anytime, anywhere.

The Xpeng P7, made by Chinese electric car startup Xpeng Motors, is included in the latest catalogue of new energy vehicle exempted from purchase tax recently announced by the Ministry of Industry and Information Technology.

Volkswagen is preparing to launch the first new electric vehicle ID.3 based on its MEB platform. The company said it plans to deliver 30,000 ID.3 cars "almost simultaneously" and said the car would be cheaper than a gasoline car.

Thomas Ulbrich, a Volkswagen board member in charge of the electric vehicle business, said on Thursday that Tesla, a U.S. electric vehicle maker, is 10 years ahead of competitors in manufacturing electric vehicles and developing software.

Samsung has recently developed a solid-state battery that allows an electric vehicle (EV) to continue to travel for 500 miles (about 800 kilometers) when fully charged. This technology has greatly increased the power density of EV battery technology.

After producing about 20,000 units, the classic plug-in hybrid sports car BMW i8 will be officially discontinued next month.

Xpeng's North American subsidiary already has half of its employees working from home, Tencent Auto quoted Xpeng insiders as saying on March 12.

Chinese electric car startup Xpeng Motors recently announced the latest information on the P7. In addition to the rear-drive super-long battery life of up to 706km, this time its unveiled other models with different NEDC mileages.

Tesla will probably sell about 10% fewer cars this year than previously expected because the coronavirus outbreak weighs on demand for vehicles, Morgan Stanley said in a note on Thursday.