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12 Jul
06:52

BAIC to boost investment in EV brand Arcfox

Chinese automaker BAIC says it will gradually invest another CNY 100 billion ($13.79 billion) in its electric vehicle brand Arcfox, Kallanish reports.  The announcement was made at a ceremony for the first-batch deliveries of Arcfox’s Alpha S5 – an all-electric coupe. According to BAIC’s new chairman Zhang Jianyong, the investment will enable comprehensive improvements in technology, product and service of Arcfox. The carmaker will supp…
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