Tencent files new patent for self-driving
Tencent recently added several new patents, one of which involves smart driving technology, meaning the Chinese social giant is also taking aim at this hot new industry.
Nio sees 5,205 insurance registrations in November, surpassing BMW and Audi's combined NEV sales in China
With 5,205 insurance registrations in November, Nio is significantly ahead of the three major German luxury brands in China's high-end new energy passenger car market, surpassing the combined new energy vehicle sales of BMW and Audi, and ranking second only to Tesla.
Nio plans to issue 60 million additional ADSs, stock down nearly 5% after hours
Chinese EV maker Nio today announced plans to offer 60 million American depositary shares (ADSs), each representing one Class A ordinary share of the company.
Nio, Xpeng, Li Auto's timeline for funding this year
Tesla, Xpeng, and Li Auto have all issued or announced plans to issue additional shares, leaving Nio the only major EV maker not having announced such plans as of Thursday.
Great Wall Motor to launch premium new energy vehicle brand, says 'should embrace trends'
Chinese carmaker Great Wall Motor is planning to launch a new premium smart electric car brand to compete with new Chinese car makers like Nio and Li Auto.
China eyes new measures to encourage consumption, including cars
Local governments will be encouraged to optimize auto purchase restriction measures, automakers will be encouraged to enter the rural market, and customers will be encouraged to do trade-ins.
Nio founder cites strong local supply chain as advantage for Chinese EV companies
Automotive brands around the world are basically looking for supply chains in China, including Tesla, Toyota, and Volkswagen, which is a huge advantage for local brands, William Li Bin said.
Li ONE sees 4,676 insurance registrations in November
The Li ONE, the only model of Chinese EV maker Li Auto, has accumulated 4,676 insurance registrations in November, making it the No. 1 SUV sold in China for the third consecutive month, according to the latest data.
Changan Nio in hiring spree as Changan advances high-end brand development
Changan Nio is hiring for a number of positions in Chongqing, Nanjing and Shanghai as it aggressively pursues the development of its premium brand.
After Tesla, Baidu also found to be misusing Xpeng's image
Everyone seems to be using Xpeng's images or video when promoting their navigation capabilities. After Tesla, Baidu is the latest to do so.