CATL has so much cash that it will invest another $850 million in wealth management products
As China's largest power battery supplier, how to manage idle cash is a question CATL needs to think about.
Guizhou aims to have charging piles in every township by 2023
Guizhou province in southwestern China recently announced a three-year action plan for electric vehicle charging infrastructure construction, planning to build 4,500, 5,000 and 5,500 electric vehicle charging piles in 2021, 2022 and 2023, respectively.
Nio puts two new batery swap stations into operation, bringing total to 314
Nio put two new battery swap stations into operation on Thursday, located in Zhangjiagang and Hefei, bringing the total number to 314.
Li Auto announces support plan for users in flood-stricken Henan
After announcing an RMB 10 million ($1.55 million) donation to Henan province, which was hit by heavy rains and floods, Li Auto has developed a support plan for its customers there.
Nio tells users in flood-hit Henan: Don't worry about vehicles and charging facilities
After announcing an RMB 15 million ($2.32 million) donation to Henan province, which was hit by heavy rains and floods, Nio has developed a support plan for its customers there.
This minicar that impressed Nio's William Li will have automatic parking, adaptive cruise control
The huge success of SAIC-GM-Wuling's Hongguang Mini EV has led to a general perception of such minicars as low-end products. However, a new model from another Wuling brand, Baojun, is about to overturn that impression.
Why does SAIC continue to produce Mini EV when each car contributes less than $14 net profit?
Mini EV is priced at RMB 28,800 ($4,451)-RMB 43,600, and its parts cost up to about RMB 20,000.
Beijing to hold connected car conference on Sept. 25
The 2021 World Intelligent Connected Vehicle Conference will be held in Beijing from Sept. 25-28, China's Ministry of Industry and Information Technology said on Wednesday.
BYD donates about $3.1 million to flood-hit Zhengzhou
BYD announced on Wednesday that the BYD Charitable Foundation donated RMB 20 million ($3.1 million) to the Zhengzhou Charity Federation for disaster relief emergency initiatives and post-disaster recovery work.
Analyst says it's possible that Tesla's software business will be more valuable than hardware
Tesla recently launched a monthly subscription service for Full Self-Driving (FSD), and the potential of the business promises to make Tesla's software business more valuable than its hardware, according to Morgan Stanley.