Mercedes recalls 12,308 EVs in China due to battery fire risk
Some vehicles in the recall have fire risk due to battery reliability and control strategy issues in the battery management system software.
BYD offers discounts on 3 models after launching smart driving updates
BYD is offering discounts on three models, in a move that appears to be aimed at clearing inventory of older models after launching Smart Driving Edition updates.
Nio sets its new share offering at HK$29.46 per share, 9.49% discount to Thursday's closing price
Nio priced its new share offering at HK$29.46 per share, a 9.49 percent discount to Thursday's closing price in Hong Kong, for a total offering amount of HK$4.03 billion.
Nio plans to issue new shares to raise funds for R&D and strengthen balance sheet
Nio plans to issue up to 118,793,300 class A ordinary shares in offshore transactions outside the US to non-US persons.
Li Auto open-sources its in-house developed car operating system Halo OS
Li Auto's Halo OS aims to challenge the closed-source AUTOSAR and is expected to save the automotive industry up to RMB 20 billion in investment each year.
Xpeng P7+ deliveries exceed 40,000 units 4 months after launch
This means that 7,153 P7+ cars have been delivered so far this month.
Nio signs deal with Beijing state-owned firm to build 100 swap stations
Nio has teamed up with Future Science City Group in Beijing to jointly build 100 battery swap stations.
CATL's planned HK listing gets green light from Chinese mainland securities regulator
CATL received approval from the CSRC to proceed with its listing on the main board of the Hong Kong Stock Exchange.
Tesla drops 'FSD' from name of its smart driving software in China
Tesla has changed the name of its software package priced at RMB 64,000 ($8,820) in China to one that does not include the word "FSD".
BYD aims to sell 5.5 million cars in 2025, report says
BYD's car sales target for 2025 is 5.5 million units, including more than 800,000 in overseas markets, according to local media.
