Phate Zhang
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Xiaomi-backed startup unveils electric sports car priced under $42,000
The electric sports car, called SC01, will be available for official orders starting in the third quarter of 2023, with deliveries beginning in the fourth quarter of next year.
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China extends NEV purchase tax exemption until end of 2023 in official announcement
Three Chinese government departments announced in a joint statement that NEVs purchased between January 1, 2023 and December 31, 2023 will be exempt from purchase taxes.
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Ford ramps up efforts in China's EV market with new operating entity
The Ford Mustang Mach-E has sold 2,098 units in China so far since deliveries began in the country late last year.
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Nio forms strategic partnership with local architecture service provider
L&A Design said it will be responsible for the design and on-site management services for Nio's electric vehicle industrial parks in multiple regions.
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Li Auto's Li L7 Pro expected to be priced at $49,000, leaked spec sheet shows
The Li L7 Pro will feature a dual-motor, four-wheel drive system with 330 kW of peak power that can accelerate from 0 to 100 km/h in 5.5 seconds.
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Xpeng gains over 8% in Hong Kong after CEO adds 2.2 million ADSs
Xpeng chairman and CEO He Xiaopeng spent about $30 million to buy additional ADSs of the EV maker.
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Smart #1 deliveries begin in China
The Smart #1 is currently offered in three versions in China with starting prices of RMB 194,200, 209,200 and 245,000 respectively.
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Xpeng CEO boosts stake in EV maker after shares fall over 70% this year
He Xiaopeng purchased 2,200,000 ADSs of Xpeng on the open market on September 23 at an average price of $13.58 per ADS.
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Nio's European team has grown to over 720 people
Nio already has more than 720 employees in Europe, most of whom joined within six months, William Li said.
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Nio to launch ET7, ET5 and ES7 in Europe at Nio Berlin 2022 event
Nio is launching the ET7, ET5 and ES7 at the Nio Berlin 2022 event to be held on October 7, local time in Europe, said Qin Lihong.
