VW to invest $700 million in Xpeng and co-develop EVs
Xpeng and Volkswagen will initially co-develop two B-segment BEVs sold under the Volkswagen brand in the Chinese market using Xpeng's G9 platform and ADAS software, with production expected to begin in 2026.
Li Auto considered solid-state batteries in 2019, but gave up due to high cost, report says
Li Auto validated the solid-state battery option for more than half a year, but gave up because the cost of the pack alone was close to RMB 300,000, according to local media.
Factbox: How many employees do Nio, Xpeng, Li Auto have?
At the end of 2022, Nio had 26,763 full-time employees, higher than Li Auto's 19,396 and Xpeng's 15,829.
Great Wall Motor sues 6 bloggers for reputation infringement
Great Wall has sued six bloggers for between RMB 2 million and RMB 5 million each, just after BYD sued another blogger the day before.
CPCA expects China Jul NEV retail sales to fall 6.8% MoM to 620,000
The penetration rate of NEVs at retail in July is expected to be around 35.8 percent, up from 35.1 percent in June.
CATL's Q2 revenue up 12.5% from Q1 to $14 billion
CATL's revenue from abroad in the first half of the year amounted to RMB 67.17 billion, contributing 35.49 percent of its total revenue.
Toyota's JV with GAC cuts about 1,000 jobs as Japanese carmakers fall behind in China's EV sector
In June, NEV penetration rate was 58.8 percent for China's local car brands, 30.9 percent for luxury brands and just 3.7 percent for mainstream joint venture brands.
China EV insurance registrations for week ending Jul 23: Tesla 7,700, Li Auto 7,800, Nio 4,700, Xpeng 2,600
Between July 1 and July 23, Nio sold 12,700 vehicles, Li Auto 24,600 and Xpeng 6,100 units.
China's economic planner NDRC meets with 6 private firms including Nio
The NDRC listened to the opinions of private entrepreneurs on the current economic situation.
Nio to offer single-motor model in sub-brand codenamed Alps, report says
Alps is one of Nio's most important cards for next year, and the EV maker is equipping it with a more flexible business strategy, as well as pouring almost all of its cutting-edge technology into it, local media said.