Phate Zhang

  • Nio Q1 2025 earnings call: Live updates

    Nio's third factory will officially start production in September, and some production lines will operate on a double shift basis as needed.

  • Nio reports 30% year-on-year increase in Q1 net loss as expenses rise

    Nio experienced an operating cash outflow in the first quarter, with current liabilities exceeding current assets.

  • Nio announces plans to enter 7 new European markets

    In 2025 and 2026, Nio will launch its cars in Austria, Belgium, the Czech Republic, Hungary, Luxembourg, Poland, and Romania.

  • Xiaomi's EV business expected to turn profitable in H2 2025, founder says

    Xiaomi EV is poised to become the fastest to achieve profitability among China's new automotive brands.

  • Zeekr to launch Zeekr 7X SUV in Hong Kong later this month

    The Zeekr 7X is set to officially launch in the Hong Kong market in late June, aiming to become the new benchmark for family cars there.

  • New report sheds light on how Nio cuts costs

    In its May update on four models, Nio's new strategy avoided additional costs caused by material waste, according to a local media report.

  • Li Auto expects steady monthly deliveries of Li Mega MPV to reach up to 3,000 units

    Li Auto expects steady monthly deliveries of the Li Mega to reach 2,500-3,000 units, doubling the MPV's previous performance.

  • BYD sells 382,476 NEVs in May, overseas sales hit new high

    BYD sold 89,047 NEVs overseas in May, marking the sixth consecutive month of record-breaking sales.

  • Xiaomi, Huawei clash extends from smartphones to EVs

    Huawei's Richard Yu hinted that Xiaomi's EVs are not as good as the cars from brands backed by Huawei, but they're getting high sales.

  • Nio delivers 23,231 cars in May, up 13% year-on-year

    The Nio main brand delivered 13,270 cars in May, Onvo 6,281, and Firefly 3,680.