Tesla launches Enhanced Autopilot option in China for half the price of FSD
Tesla opened the Enhanced Autopilot (EAP) option in China on February 5 at a price of RMB 32,000 ($4,943), half the price of Full Self-Driving (FSD) in China.
BYD Han sells 12,103 units in January, above 10,000 for 3 consecutive months
Sales of the model increased 0.12 percent in January compared to December, and 52,659 units have been sold since its launch in July 2020.
Meituan’s founder said to have once borrowed $285 million from Goldman Sachs to invest in Li Auto
Wang Xing, the founder, and CEO of China's online service super-app Meituan, at one time, pledged his shares in Meituan to Goldman Sachs and borrowed $285 million to invest in Chinese EV maker Li Auto, according to a veteran media personality.
Xpeng sends second batch of 209 G3 SUVs to Norway
Chinese EV maker Xpeng Motors said on February 4 that the second shipment of 209 Xpeng G3 SUVs has recently departed Guangzhou for Europe, following the export and delivery of the first 100 G3s to Norway in 2020.
Li Auto comes into spotlight with another accident
Li Auto is back in the spotlight again after a video showing a moving Li ONE suddenly losing control went viral among Chinese Internet users.
LinkedIn job posting suggests Nio accelerating its entry into US market
A recent LinkedIn job posting by Chinese electric vehicle maker Nio suggests that it may be accelerating its plans to enter the US market.
ARK’s Cathie Wood says Baidu to build China’s most promising EV company
Nio is a company that is replacing charging with battery swap, and it could win the day, she said.
Leapmotor launches two-door coupe for only $20k
The S01 CoolPlay Edition is a two-door, four-seat coupe priced from RMB 130,900 ($20,270) after subsidies, with a limited edition of 200 units.
CATL to invest another $4.5 billion in battery capacity expansion
CATL, China's largest automotive lithium-ion battery maker, is going to invest RMB 29 billion ($4.5 billion) in three battery projects in Yibin, Zhaoqing, and Xiapu, considering the strong market demand for lithium batteries.
Analysts say the era of smart cars has arrived
The era of smart cars is upon us as global commercialization of smart cars and autonomous driving accelerates in 2020, CITIC Securities said.