Phate Zhang

  • Huawei-backed Luxeed begins offering discounts as price war looks set to continue Huawei

    Huawei-backed Luxeed begins offering discounts as price war looks set to continue

    Luxeed is offering consumers who buy its cars before July 31 a cash discount of RMB 20,000 ($2,790), becoming the latest participant in China's auto price war.

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  • BYD slows production, cutting output at some factories by a third, report says BYD

    BYD slows production, cutting output at some factories by a third, report says

    BYD has slowed production and expansion in recent months, reducing shifts at some of its Chinese factories and delaying plans for new production lines, Reuters reported.

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  • BYD Changsha sets sail, as BYD's 6th car carrier joins fleet

    BYD's sixth car carrier, BYD Changsha, set sail today, just days after BYD Xi'an entered service.

    • BYD •
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  • China EV insurance registrations for week ending Jun 22: Nio 3,250, Tesla 13,800, Xiaomi 4,600

    Nio Inc, including the Nio, Onvo, and Firefly brands, saw 5,170 insurance registrations in China last week, up 9.30 percent from the previous week.

    • Nio •
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  • Nio Firefly launches BaaS plan, lowering purchase threshold by over 30% Nio

    Nio Firefly launches BaaS plan, lowering purchase threshold by over 30%

    Firefly launched BaaS car purchase plan, lowering starting price to RMB 79,800 ($11,120), a drop of over 30 percent from the starting price that includes the battery pack.

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  • China sees 33% drop in car imports in Jan-May, with US cars plummeting 48% EV Industry

    China sees 33% drop in car imports in Jan-May, with US cars plummeting 48%

    In January-May, China imported 180,000 cars, down 33 percent year-on-year, marking a rare sharp decline for January-May in recent years.

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  • BYD offering rebates to dealers in China, report says BYD

    BYD offering rebates to dealers in China, report says

    BYD is offering rebates to its dealers in China of RMB 666 ($93) per vehicle, according to a local media report.

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  • Nio Onvo to begin pre-sales of L90 in early Jul Nio

    Nio Onvo to begin pre-sales of L90 in early Jul

    The L90 will begin pre-sales in early July, with display vehicles available at all Onvo stores, according to Onvo president Shen Fei.

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  • Xpeng's flying car unit appoints first CFO as it eyes IPO Xpeng

    Xpeng's flying car unit appoints first CFO as it eyes IPO

    Du Chao, a Wall Street banker with extensive experience in overseas IPO financing, has joined Xpeng Aeroht.

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  • BYD's 9,200-vehicle car carrier BYD Xi'an makes maiden voyage

    BYD Xi'an is the fifth vessel in BYD's fleet and the second after BYD Shenzhen to have a capacity of 9,200 vehicles.

    • BYD •
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