Phate Zhang

Tesla cut the prices of two pricier versions of the Model Y by RMB 14,000 in China and started offering an RMB 8,000 insurance subsidy for the Model 3 entry-level version in inventory.

Xi'an is one of the oldest cities in China, the capital of 13 historical dynasties, and home to the famous Mausoleum of Qin Shi Huang and the Terracotta Warriors.

Nio's gross margin will be under pressure due to lower deliveries, but stronger execution is starting to show up, which could help vehicle margins recover in the second half, according to Deutsche Bank.

China's improving public charging system may be causing the utilization of Tesla's charging facilities to slip.

Innovusion plans to issue up to 21,382,252 ordinary shares and list them on the Nasdaq exchange, according to an announcement from China's securities regulator.

Nio's effective pricing adjustments and more models offered to the market have driven solid sales, BofA said.

Zeekr today announced that customers who purchase the Zeekr 001 during the year will receive a discount of between RMB 30,000 and RMB 37,000.

Neta began accepting reservations for three models from Indonesian customers during a local auto show, and their official sales will begin in the fourth quarter.

The Zeekr 001 FR will be the best of Zeekr's high-performance all-electric vehicles, priced at more than RMB 1 million, it said.

Mavel, founded in Italy in 1999, will be a supplier of core components for Nio's next-generation platform, Nio Capital said.