Huawei launches smart car solutions brand 'HI'
At today's Mate40 series China launch event, Wang Jun, president of HUAWEI Intelligent Automotive Solutions BU, announced the launch of HI, Huawei's Intelligent Automotive Solutions brand, which aims to create smart grid-connected electric vehicles through deep collaboration with car companies through Huawei's full-stack intelligent automotive solutions.
Nio, Xpeng challenge Tesla on assisted driving
Nio and Xpeng, two of the leading companies in the new Chinese car manufacturing industry, have a skill set previously reserved for Tesla.
Nio-led battery swap model to be encouraged as China's NEV development plan set to be released on Monday
On October 29, Wu Wei, director of the machinery division of the National Development and Reform Commission's Industrial Development Department, said at the Deqing 2020 Global Future Travel Conference that the New Energy Vehicle Industry Development Plan (2021-2035) may be announced next week, and that electrification and intelligence have become irreversible strategic directions for the development of China's auto industry.
BYD net profit up 1360% year-on-year in Q3
Chinese carmaker BYD reported third-quarter net profit of RMB 1.751 billion, up 1,362.66% year-on-year, the company reported on October 29.
How did BYD rise to prominence?
From the earliest days of the company's business establishment, to the difficult financing of the start-up, and then to the cost advantage, BYD's business has grown by leaps and bounds. The first seven years of BYD's existence were a period of rapid and unstoppable growth.
Xpeng plant's registered capital increases by 200% to 1.5 billion Yuan
The Zhaoqing factory of Chinese electric car company Xpeng Motors (NYSE: XPEV) has recently changed its registered capital from RMB 500 million to RMB 1.5 billion, a 200% increase, Qichacha data showed.
BofA: Rising blade battery adoption to drive BYD growth
In a report on October 29, BofA analyst Ming Hsun Lee and Jessie Lo said rising blade battery adoption and better mix of electronic business will drive growth of Chinese carmaker BYD.
China may soon announce New Energy Vehicle Industry Development Plan for next decade
China's New Energy Vehicle Industry Development Plan (2021-2035) is likely to be released next week, Wu Wei, director of the Machinery and Equipment Division of the National Development and Reform Commission's Industrial Development Department, said today.
Nio exceeds 5,000 vehicles off the assembly line for first time in a single month
On October 29, Chinese EV maker Nio (NYSE: NIO) saw its 5,000th vehicle of the month rolled off the production line at the Hefei Advanced Manufacturing Base, the company said today.
Morgan Stanley says 'Nio is a strong EV leader in the making', raises price target by 61%
Following JP Morgan's bullish report two weeks ago, another Wall Street firm Morgan Stanley also joined the ranks of updating their views on Chinese EV maker Nio (NYSE: NIO).