Phate Zhang

With the acceleration of electrification, electric drive-related industries will become the next RMB trillion track, said GAC Aion.

Tesla Giga Shanghai broke ground on January 7, 2019, and delivered its first Model 3s in December 2019.

The Li L8, internally codenamed X02, is built on the same platform as the Li L9, codenamed X01, and can be seen as a scaled-down version of the Li L9, according to some local media.

The annual Nio Day is the most important event for Nio to announce new products and technologies.

Canada Pension Plan Investment Board reduced its positions in Nio, Xpeng and Li Auto by 33.41 percent, 35.38 percent and 8.39 percent, respectively, during the second quarter.

Soros Fund Management increased its bet on Nio in the second quarter, albeit not through the more common stocks, after first buying in the first quarter.

Renaissance increased its stake in Nio by 228.96 percent to 17,768,900 shares and Xpeng by 256.81 percent to 3,620,600 shares in the second quarter.

Xpeng CEO had said that the company's 480-kW supercharger can give a vehicle a 200-kilometer range in five minutes and will disrupt the EV experience.

In Chinese culture, the number "9" represents the highest rank, and Li's words have sparked speculation about what form the company's 9-series model will take.

Edison Yu's team expects Xpeng deliveries to trend toward the weaker side in August, with no significant recovery until the fourth quarter when the G9 SUV is delivered.