Behind auto chip shortage: Some dealers multiply offers by 10 times
The reason for the rise in auto chip prices is speculation by dealers on the one hand, and automakers spending high prices to buy chips in bulk for fear of discontinuing production on the other.
NIO and Sinopec's joint charging and swap station in Hainan comes into operation
Sinopec said the two companies will cooperate in charging & battery swap station construction, brand marketing, materials, and battery asset operation.
NIO puts 17 new swap stations into operation, bringing total to 427
It was one of the company's highest numbers of additions to the facility in a single day.
Geely's Lotus forms new firm in China and secures NIO Capital investment
Lotus announced NIO Capital, the venture capital arm of NIO, as its investor, without disclosing the exact amount of investment or the valuation.
Deutsche Bank says Li Auto's Q2 report and guidance 'non-events'
Despite reporting a stronger-than-expected performance for the second quarter, Li Auto's guidance for the future doesn't seem to be as exciting as NIO or XPeng Motors.
Sinopec expects to build 100 new hydrogen refueling stations this year
Sinopec currently has 20 hydrogen refueling stations in 14 regions in China, with an annual hydrogen production capacity of more than 3.9 million tons, accounting for 11 percent of China's output.
NIO adds 10 new swap stations in two days, bringing total to 410
The five new battery swap stations added on Monday are all located in Shanghai, complementing the non-city center battery swap layout.
Geely to build $1.6 billion LFP battery facility in Hunan
The project's ten-year total output is expected to be RMB 70 billion, and the ten-year total output after completion of the first phase is expected to be RMB 30 billion.
BYD's H1 revenue up 54% year-over-year, net profit down 29%
BYD shares traded in Shenzhen fell 1.69 percent to RMB 283.27 by the end of morning trading.
CnEVPost Daily Newsletter
23 hours ago
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- China's passenger car retail sales expected to fall 19% year-on-year in May, CPCA says May 24, 2022
- EVs in China cost only 10% more than conventional offerings, IEA says May 24, 2022
- NIO plans to build $32.8 million lithium-ion battery lab and cell pilot production line in Shanghai May 24, 2022