Nio plans to issue new shares to raise funds for R&D and strengthen balance sheet
Nio plans to issue up to 118,793,300 class A ordinary shares in offshore transactions outside the US to non-US persons.
Li Auto open-sources its in-house developed car operating system Halo OS
Li Auto's Halo OS aims to challenge the closed-source AUTOSAR and is expected to save the automotive industry up to RMB 20 billion in investment each year.
Xpeng P7+ deliveries exceed 40,000 units 4 months after launch
This means that 7,153 P7+ cars have been delivered so far this month.
Nio signs deal with Beijing state-owned firm to build 100 swap stations
Nio has teamed up with Future Science City Group in Beijing to jointly build 100 battery swap stations.
CATL's planned HK listing gets green light from Chinese mainland securities regulator
CATL received approval from the CSRC to proceed with its listing on the main board of the Hong Kong Stock Exchange.
Tesla drops 'FSD' from name of its smart driving software in China
Tesla has changed the name of its software package priced at RMB 64,000 ($8,820) in China to one that does not include the word "FSD".
BYD aims to sell 5.5 million cars in 2025, report says
BYD's car sales target for 2025 is 5.5 million units, including more than 800,000 in overseas markets, according to local media.
Lynk & Co starts pre-sales of Lynk & Co 900 large SUV, priced from $45,460
Lynk & Co 900 is Lynk & Co's largest vehicle to date, measuring 5,240 mm in length, and will be officially launched in late April.
Xpeng has planned at least 5 EREVs, report says
Xpeng's first EREV model will be developed based on the X9 MPV and will be mass-produced in the second half of this year, according to local media.
Li Auto says it sold 8,600 cars last week
After suspending the sharing of weekly insurance registration data last week in response to a call from the CAAM, Li Auto has resumed publishing the data, but only its own.