Phate Zhang
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Li Auto lowers outlook for Q3 deliveries on supply chain constraints
Li Auto expects to deliver about 25,500 vehicles in the third quarter, meaning September deliveries will be around 10,507 vehicles.
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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.
