Phate Zhang

  • Leapmotor prices Hong Kong IPO at low end, raises $770 million

    Leapmotor's Hong Kong offering was under-subscribed and its international offering was about 2.33 times oversubscribed. Trading of its shares will begin on September 29.

  • Xpeng CEO no longer chairman of EV maker's flying car division

    Xpeng Aeroht, a technology division mostly owned by He Xiaopeng, aims to have its sixth-generation flying car concept in mass production by 2024.

  • SAIC's Rising Auto officially launches battery swap-enabled R7 SUV with subsidized starting price of $40,130

    The R7 is Rising Auto's first model after rebranding, with deliveries set to begin in late October.

  • Energy crisis slowing Nio's expansion in Europe, says William Li

    Soaring energy costs are an obstacle to Nio's rollout of battery swap stations in Europe, and slower-than-expected planning approvals are also hindering the rollout.

  • Nio reaches deal in Denmark under Clean Parks initiative

    The Danish Society for Nature Conservation becomes the first overseas partner of Nio's Clean Parks initiative.

  • China NEV insurance registrations in 4th week of Sept: Tesla 23,109, Nio 2,844

    BYD at 44,960 units, up about 10,000 units from the previous week. Li Auto at 2,876 units and Xpeng at 1,975 units.

  • Tesla reportedly to keep production at Shanghai plant below maximum capacity

    Tesla plans to keep production at its Shanghai plant at about 93 percent of capacity by the end of the year, according to a Reuters report.

  • Pony.ai unveils concept robotaxi with foldable steering wheel built with SAIC AI Lab

    Pony.ai to build a fleet of autonomous vehicles equipped with its L4 driverless solutions.

  • Chinese self-driving chipmaker Horizon Robotics secures investment from Chery

    Chery is planning at least five models with L2+ assisted driving capabilities based on its E0X platform, which will use Horizon Robotics' Journey 3 chip as the computing cornerstone.

  • Dongfeng Motor's EV arm Voyah begins sending first 500 vehicles to Norway

    Norway is Voyah's first stop in international markets, and it plans to enter more countries, including Sweden, the Netherlands and Denmark, starting in 2023.