Phate Zhang

  • BYD aims to sell at least 3 million vehicles this year

    BYD aims to sell at least 3 million vehicles this year and strive to reach 3.6 million, said Wang Chuanfu, its chairman and president.

  • Nio opens new Nio House in Frankfurt, its 2nd in Germany

    Nio co-founder and president Qin Lihong was on-site for the opening of the Nio House in Frankfurt.

  • Analysts explain how falling lithium carbonate prices affect EV costs

    For an EV with a 70-kWh pack, the cost of the battery is now RMB 12,300 - RMB 14,500 lower than when lithium carbonate prices were at their previous high, analysts say.

  • China to allow extended sales periods for ICE models based on existing emissions standard, report says

    Price war has been the most talked about topic in China's auto industry this month, and the imminent implementation of a new emissions standard is seen as a major factor.

  • Li Auto sees L-series models exceed 100,000 cumulative deliveries

    In the price range of RMB 300,000-500,000, Li Auto has a market share of nearly 20 percent, it said.

  • BYD to unveil new technology called 'Yunnian' on Apr 10

    BYD previously hinted that the technology is expected to give the vehicle ride an emperor's seat-like feel.

  • Nio to start ET5 delivery in Germany on Mar 31

    March 31 is the official delivery date for the Nio ET5 in Germany, and Nio is using it as an opportunity to launch its ET5 first mover marketing campaign.

  • BYD expects its Q1 NEV sales to grow over 80% YoY, aims to be largest automaker in China by year-end

    Based on January-February retail sales, BYD is already the largest automaker in China with an 11.8 percent share.

  • Nio brings over 300 partners together to help it achieve swap station build-out goal

    Nio said it hopes to strengthen its relationships with partners to help it reach its plan to add 1,000 battery swap stations in 2023.

  • BYD's Q4 net profit up over 10 times year-on-year to $1.06 billion

    BYD's net profit for the full year 2022 was up 445.86 percent year-on-year to RMB 16.6 billion.