Phate Zhang

Li Auto's local counterpart Nio has unveiled its first in-house developed autonomous driving chip, which will be used in the ET9 executive flagship sedan.

Morgan Stanley cut its price targets on Nio and Xpeng, while raising its price target on Li Auto and maintaining its Overweight rating on them.

Evergrande NEV president Liu Yongzhuo has been taken into criminal detention on suspicion of violating the law, an announcement said.

The Sterra ES hit the market less than 20 days ago, and the new variant lowers the starting price by 12 percent, underscoring the brutal competition in China's EV market.

Zeekr's 200,000th vehicle delivered was the Zeekr 007, which hit the market on December 27, and the milestone means it has delivered 3,367 vehicles so far this month.

Nio's hardware chief Bai Jian has confirmed that he's taking over the phone business, and hinted that the Nio Phone may use the company's own image signal chips.

The move is in response to competition from Huawei-backed Aito's new M7, and Li Auto's sales expectation for the Li L6 is 20,000 units per month, according to local media.

The shake-up of the phone team doesn't mean the business will stop, and Nio will launch at least 3 generations of smartphones, according to local media.

Geely Auto aims to target the market with the broadest potential user base with the Galaxy E8 and accelerate the replacement of conventional internal combustion engine vehicles.

This is Tesla's biggest recall in China, involving potentially all delivered vehicles.