Nio is still a 'first-year student' compared to German luxury brands, CEO says
"Nio is still a first-year student, but people are already paying us in advance of when we graduate with our PhDs. Over the next decade or so, we're going to finish school," he said.
Nio, Xpeng, Li Auto evolving fast on smart car track, says analyst
Chinese EV trio - Nio, Xpeng Motors, and Li Auto have made the leap from 0 to 1 and have distinctive brand characteristics, and are now evolving rapidly on the intelligent track, an analyst said.
Baidu Apollo's commercial use gets major breakthrough as it gets new license to operate on toll basis
Chinese tech giant Baidu's autonomous driving platform Apollo has received a toll operating license in Cangzhou City, Hebei Province, marking the move from testing to commercial use on the first open road network across the downtown area in China.
Xpeng CEO says he bought shares of Nio during the latter's toughest time in 2019
At that time, He gave support to Nio despite the opposition of his friends and also invested a total of $300 million in Xpeng.
Geely to invest $4.61 billion in power battery project
Chinese automaker Geely has signed an agreement with the government of Ganzhou City, Jiangxi Province, to invest RMB 30 billion ($4.61 billion) in a power battery project with a design capacity of 42 GWh per year.
Xpeng establishes new firm in Hefei with business scope including car rental services
Xpeng Motors has set up a new company in Hefei, home of Nio China's headquarters, with a registered capital of RMB 10 million yuan ($1.53 million), according to data provider Qichacha.
ID.4 CROZZ, FAW-Volkswagen's first electric SUV, to begin deliveries on March 20
The model is available in five versions, with a subsidized price range of RMB 199,900 ($30,745)–RMB 279,900. It is available in three NEDC range versions: 400km, 500km, and 550km.
CICC expects Chinese EV trio's stock price to go upward, but cuts Nio and Li Auto price targets
CICC cut its price target on Nio by 27% to $62 from the previous $85, saying this is due to the pullback in Tesla as a "valuation anchor" for EV makers. It also lowered its price target on Li Auto by 12.5% to $35 from $40.
SAIC Roewe considers battery swap-enabled models for mass market
In addition to offering battery swap-enabled models for the cab market, SAIC Roewe is also considering offering such models for the average consumer, providing a new endorsement for a model strongly advocated by Nio.
Chip shortage affects about 5-10% of China's Q1 auto production, association says
Chip shortages are a major challenge for China's auto industry today, but their impact is limited and expected to ease soon, according to an industry association.