Tesla delivered 8,621 locally made vehicles in China in July, down 69% from June
Tesla delivered 8,621 locally made vehicles in China in July, down 69 percent from June, according to data released Tuesday by the China Passenger Car Association (CPCA).
Firm questioned by stock exchange after saying it has supplied to Nio, Xpeng, Li Auto, BYD
Nanjing Julong replied to investors on August 9, saying that the company had been certified as a supplier by new energy vehicle makers including BYD, Geely, Nio, Xpeng, Li Auto and Evergrande Auto. Its shares stored since then.
Nio puts seven new battery swap stations into operation, bringing total to 360
Nio's seven new battery swap stations went into operation on August 10, bringing the total to 360. One is located in Xingtai, Hebei Province, and six are in Shanghai.
Guangdong aims to exceed $170 billion in auto manufacturing revenue by 2025
Guangdong Province wants its auto manufacturing revenue to exceed RMB 1.1 trillion ($170 billion) by 2025, and to build an auto cluster with international influence by then.
Hainan to launch pilot projects to speed up construction of battery swap stations
The pilot industry focus is on cabs, ride-hailing services, buses, passenger shuttles, and medium and heavy commercial vehicles.
Nio to report its Q2 earnings this week, what to watch?
Edison Yu's team from Deutsche Bank maintained a Buy rating on Nio and a $60 price target. Nio closed down 3.86 percent to $43.84 on Friday.
Xpeng adds 61 supercharging stations in July, 11 of which at highway service areas
Xpeng Motors added 61 supercharging stations in July, 11 of which are in high-speed service areas, bringing the total to 298, the company said on Aug. 9.
Official media calls for caution against duplication of hydrogen energy projects
The number of fuel cell-related capacity planned in China far exceeds market capacity, increasing the risk of overcapacity, said an article published by the official media Economic Daily on Aug. 8.
BYD Han sold 8,522 units in July, up 1.6% from June
BYD Han's cumulative sales have reached 101,309 units since its launch in July last year, making it the fastest Chinese brand midsize sedan ever to exceed 100,000 sales, the company said.
Former Nio senior VP starts electric commercial vehicle company
Newrizon's website shows that three of the six core executives are from Nio. Former Nio deputy director of autonomous driving in China, Fu Jingwei, serves as CTO, and former Nio senior director, Fan Jun, serves as chief operating officer.