Li Auto sees net income rebound in Q2 while gross margin slips further
Li Auto reported second quarter results that were generally in line with expectations, with net income up 86.24 percent from the first quarter while gross margin slipping to 19.5 percent.
Xpeng's in-house AI chip for EVs, robots, flying cars hits major milestone
Xpeng's Turing chip saw a successful tape-out, with one chip having three times the computing power of the autonomous driving chip it currently uses.
Xpeng launches Mona M03 to rival Tesla Model 3 at half price
Xpeng announced shortly after the launch event that the Mona M03 saw firm orders exceed 10,000 units in 52 minutes.
Nio Onvo to open 1st batch of over 100 stores on Sept 1
Onvo will see its first batch of over 100 stores open on September 1, covering 55 cities, as the official launch of its first model, the L60, nears.
China EV insurance registrations for week ending Aug 25: Nio 4,600, Tesla 14,200, Xiaomi 2,100, BYD 87,800
Li Auto had 11,600 insurance registrations last week, Xpeng 2,800, Zeekr 3,000, Leapmotor 6,200 and Aito 9,000.
Leapmotor CEO pledges to increase shareholding in company
Leapmotor executives, including the CEO, plan to increase their holdings of the company's Hong Kong-traded shares by up to RMB 300 million ($42 million) over a six-month period.
Canada to impose 100% additional tariff on EVs from China
Canada will impose an additional 100 percent tariff on EVs made in China starting October 1, bringing the overall rate up to 106.1 percent.
Xpeng CEO increases shareholding in his firm
Xpeng CEO increased stake in his company in Hong Kong and US stock markets, and plans to increase it further.
Neta launches Neta S shooting brake: Starts at $22,440, offers BEV and EREV options
The most powerful variant of the Neta S shooting brake BEV can sprint from 0 to 100 kilometers per hour in 3.9 seconds.
Seres to buy 10% stake in Huawei's auto unit Newcool for $1.6 billion
The deal values Newcool at RMB 115 billion, the same as when Avatr bought a 10 percent stake earlier this month.