China's passenger car market sees average daily retail sales of 62,000 units in Nov, up 5% yoy
Average daily retail sales in China's passenger vehicle market were 62,000 units in November, up 5 percent year-on-year and 3 percent from October, according to data released today by the China Passenger Car Association (CPCA).
Li Auto delivers record 4,646 units in November, new orders exceed monthly production for first time
Li ONE, the only model in Li Auto's lineup, delivered 4,646 units in November, setting another monthly delivery record, up 25.8 percent from October, the Chinese EV maker announced today.
LG Chem said to more than double capacity in China to meet Tesla's battery needs
"Tesla simply can't get enough batteries, so LG Chem is going to more than double its production in China."
Goldman Sachs raises price targets on Li Auto and Nio, EV makers' shares soar pre-market
Goldman Sachs analyst Fei Fang raised the bank's price target on Li Auto to $60 from $20.60, maintaining a "Confident Buy" rating.
Nio delivers 5,291 vehicles in Nov, up 109.3% year-on-year
Chinese EV maker Nio (NYSE: NIO) delivered 5,291 vehicles in November 2020, up by 109.3% year-on-year to set a new monthly record.
China's best-selling electric car sells a record 33,094 units in Nov
SAIC-GM-Wuling's Hongguang MINI EV, China's best-selling electric car, sold a record 33,094 units in November, making it the only vehicle in China's new energy market to sell more than 30,000 units in a single month this year.
Tesla exec says won't rule out opening up Tesla's charging stations to other car brands
Currently, Tesla's charging stations can only charge Tesla's cars, and the company has not ruled out the possibility of opening them to other brands of electric vehicles in the future, said Grace Tao, Tesla's global vice president, during an online communication event held by Tesla on December 1.
Xpeng delivers 4,224 vehicles in Nov, up 342% year-on-year
Xpeng's November deliveries reached 4,224 units, up 342 percent year-over-year, the Chinese electric vehicle company said today.
Nio, Li Auto, Xpeng, who has the edge over Tesla?
Whether it's the Xpeng P7, Li ONE, or Nio's ES8 and EC6, their prices overlap with or are higher than those of the China-made Tesla Model 3.
Geely becomes first automaker to implement OTA upgrades for gasoline vehicles
Geely said that all customers who purchase the car before December 31 will be able to enjoy free OTA upgrades for one year.