Chinese EV startup ENOVATE raises over 5 billion yuan in new funding, plans 2021 IPO
Chinese electric car startup ENOVATE has received another multi-billion dollar blood transfusion after completing an over RMB 2 billion round of funding from Shanghai Electric in April 2019.
Li ONE overtakes Nio ES6 to have most insurance registrations among new energy SUVs in China
The Li ONE saw 3,830 insurance registrations in September, overtaking the Nio ES6 for the top spot in new energy SUVs, Li Auto said, citing data from the China Automotive Technology and Research Center.
Tesla slashes prices again in China, dropping RMB 23,000 on two Model S models
The Tesla Model S Long Range and Performance editions have both been cut by RMB 23,000 yuan ($3,400), bringing the starting price down to RMB 733,900 and RMB 833,900, respectively, according to information on Tesla's China website.
China’s FAW to set up EV joint venture with Audi, first model to go into production in 2024
Chinese Auto maker FAW announced on October 13 that it has signed a memorandum of understanding with longtime partner Audi in Changchun to establish a joint venture company to produce electric vehicles.
State media praise Nio: User-oriented model gives it unique business logic
From personalizing production according to user preferences to driving technological upgrades in the industrial chain according to user needs to having large events voted on by users, Nio has gained a unique set of business logic by being user-oriented, Xinhua said.
Suspected Nio EE7 sedan spy photo revealed
A Chinese internet user recently posted a spy photo of what appears to be an Nio (NYSE: NIO) sedan, the EE7, which shows that the car is not very tall and is the size of a sedan.
SAIC, China’s largest auto group, reportedly plans to launch premium electric car brand
SAIC, China's largest auto group, is pushing ahead with a new electric smart car brand project code-named "L," jiemian.com said today, citing people with knowledge of the matter.
Nio reduces free battery swap benefits for buyers after Oct 12
In accordance with the previous plan of Chinese electric vehicle (EV) maker Nio (NYSE: NIO), the changes to the free battery swap benefits for buyers came into effect from October 12, 2020.
Huawei said to release in-vehicle smart screen with HarmonyOS
In September, during Huawei Developer Conference 2020 (HDC), Huawei held the HMS for Car smart travel sub-forum to introduce HMS for Car's new smart in-vehicle cloud service solution.
BYD Han Sept deliveries up 40% from Aug to 5,612 units
BYD Han deliveries were 5,612 units in September, up 40.3 percent from August, according to data released by BYD on October 10.