Kaixin Auto up 70% pre-market as it announces its subsidiary's proposed merger with Haitaoche
US-listed Kaixin Auto Holdings (KXIN.US) today announced the signing of a binding letter of intent to invest and a management restructuring with Haitaoche Limited on November 3.
Nio to launch 100kWh battery pack and BaaS plans on Friday
Chinese electric vehicle maker Nio (NYSE: NIO) will hold a media conference on November 6 to officially launch the 100kWh battery pack, giving users the option to choose from a range of battery sizes for different needs.
BYD reportedly plans to team up with SAIC-GM-Wuling for micro electric cars
BYD is talking with SAIC-GM-Wuling with plans to join forces to create micro electric vehicles for urban mobility, EVHui.com said, citing a source close to the two companies.
China's best-selling electric car sees one-day sales of up to 1,200 units in October
SAIC-GM-Wuling's Hongguang MINI EV, China's best-selling electric car, sold 23,762 units in October, up 18 percent from September, the company announced today.
Nio confirms former Xiaomi chip chief is on board
A media report yesterday said that Bai Jian, former OPPO hardware director and general manager of Xiaomi's chip business, has joined Nio as vice president of hardware, reporting to Nio founder and chairman William Li Bin. Nio was quoted Wednesday by Sina Tech as saying that this is true.
Does Nio stock price surge reflect value or is it out of touch with reality?
Nio shares surged 6.54 percent to $35.50 on Tuesday, giving it a market capitalization of $48.3 billion, surpassing Frankfurt-listed BMW's €39.8 billion ($46.5 billion).
A new era has begun? Nio's market cap surpasses that of BMW
Nio's shares surged 6.54 percent to $35.50 on Tuesday, giving it a market capitalization of $48.3 billion, surpassing Frankfurt-listed BMW's €39.8 billion ($46.5 billion).
China has built world's largest charging network for new energy vehicles
China has built the world's largest charging network, but it still lags behind consumer demand and needs to step up construction efforts and optimize the layout, Xin Guobin, vice-minister of the Ministry of Industry and Information Technology (MIIT), said November 3.
BYD's October car sales up 16 percent year-on-year to 47,732 units
BYD sold 47,732 vehicles in October, up 16 percent from 41,130 in the same period last year, the company's filing on the Hong Kong stock exchange showed today.
Nio's 'Marco Polo Project' heralds accelerated overseas expansion for Chinese EV makers
Nio's reported 'Marco Polo Project' and Xpeng's move to export to Europe means that, for Chinese EV makers, they are already targeting overseas markets, even though the domestic market is only just emerging.