Tesla Shanghai plant produces Model Y with integrated die casting that significantly reduces costs
Model Y production at Giga Shanghai is using one-piece die casting for the rear structure, allowing the component to cost up to 40 percent less.
New report reveals why Nio periodically gets into tricky situations and how it defuses them
Local media outlet 36kr has published an excellent story today that sheds light on why Nio is periodically in trouble and how it defuses its challenges.
Xpeng starts shipping 750 vehicles to Israel, local launch expected in Oct
The vehicles -- the Xpeng G9 and P7 -- will officially enter the Israeli market in October through one of the country's largest dealerships, Freesbe.
China EV insurance registrations for week ending Sept 24: Nio 4,000, Li Auto 9,000, Tesla 13,500
Between September 1 and September 24, Nio was at 13,900 units, Xpeng at 10,400 units, Li Auto at 29,200 units, Tesla at 35,900 units and BYD at 176,200 units.
Nio says report of $3 billion fundraising plan false
Nio released a statement formally responding to the report, saying it has no reportable capital-raising activity at this time other than the convertible note offering that closed today.
Nio mulling raising $3 billion from investors, report says
Nio is considering raising about $3 billion from investors and has approached investors from the Middle East, according to Bloomberg.
Nio closes $1 billion convertible notes offering
Shortly after the notes were priced, Nio purchased about $256 million aggregate principal amount of convertible senior notes due 2026 and about $244 million of convertible senior notes due 2027.
Nio to continue incentives at highway swap stations for upcoming long holidays despite reduced benefits
Nio will waive service fees for car owners using its swap stations along highways during the upcoming National Day holiday, rather than waiving both service and electricity fees as it had previously done.
Xpeng launches new P5: Removes LiDAR option, cuts to just 2 trims
The Xpeng P5 was the world's first production car to feature LiDAR when it went on sale on September 15, 2021, and now it's eliminating the component.
Xpeng says new G9 gets over 8,000 firm orders within 72 hours of launch
The 2024 G9 received more than 8,000 firm orders within 72 hours of launch, and deliveries began on September 21, Xpeng said.