Phate Zhang

  • Tesla starts pre-sales of revamped Model 3 in China at higher starting price

    Tesla unexpectedly started pre-sales of its revamped Model 3 in China today, with a higher starting price that may come as a relief to local rivals.

  • New report reveals what steps Nio has taken to boost sales

    Nio is finally getting all-in on selling cars, making adjustments to its organizational structure, customer engagement, and sales team management to boost sales, according to local media.

  • Changan's EV arm Avatr closes $410 million in new funding

    Avatr's post-investment valuation reached RMB 20 billion, and Nio's stake in the company dropped from 0.81 percent to 0.67 percent.

  • SAIC to form JV with startup QingTao to make solid-state batteries

    SAIC's joint lab with QingTao completed tests to install first-generation solid-state batteries into prototype vehicles with a maximum range of 1,083 kilometers in the test vehicles.

  • New spy photo and video show more details of Xpeng X9 MPV

    The Xpeng X9 will be launched at the end of the fourth quarter and will likely make a limited contribution to this year's deliveries, the EV maker's management said earlier this month.

  • VW-backed battery maker Gotion sees Q2 profit up 76.52% from Q1

    Gotion's net profit for the first half of the year reached RMB 209 million, up 223.75 percent year-on-year.

  • Neta announces closing of nearly $1 billion in new financing

    Neta has announced the closing of a RMB 7 billion Crossover round of financing, without revealing any other details about the funding.

  • Nio Q2 earnings call live updates: New EC6 and phone to be launched in Sept, Alps' 1st model in H2 2024

    Nio announced its Q2 earnings today, and here are the key takeaways from the earnings call, with the latest being at the top.

  • Nio Q2 earnings: Deutsche Bank's 1st look

    Deutsche Bank says Nio's third-quarter delivery guidance is below their expectations, which could mean that new order flow will be hard to sustain after the initial surge.

  • Nio Q2 earnings: Revenue misses estimates, gross margin falls to 1%, outlook beats

    Nio missed Wall Street's revenue estimates and widened its net loss to RMB 6.06 billion in the second quarter, but gave a third-quarter outlook that beat expectations.