Phate Zhang

  • Tesla's China-made Model Y gets extra airbag

    Tesla's China-made Model Y now comes standard with an extra far-side airbag across the lineup, possibly as part of a recent production line upgrade at the Shanghai plant.

  • Deutsche Bank ups Li Auto price target to $30 while providing Q2 earnings preview

    Deutsche Bank raised its forecast for Li Auto's deliveries this year to 160,000 units from 155,000, but believes the company could face some incremental headwinds in 2023.

  • Nio forms subsidiary with business scope including ride-hailing services

    Although the move cannot be seen as Nio's entry into the ride-hailing field, it may lay the initial foundation for its future involvement in the robotaxi field.

  • Avatr, previously known as Changan Nio, officially launches first model Avatr 11

    The Avatr 11 is the first EV to come standard with Huawei's smart car solution Huawei Inside, but whether its goal of entering the premium market will be achieved is still a question mark.

  • CPCA raises China NEV sales forecast, expects average monthly sales of over 600,000 units in next few months

    The CPCA has raised its forecast for new energy passenger vehicle sales in China by 500,000 units to 6 million units in 2022, with the possibility of further increases in the fourth quarter.

  • China's wholesale sales of passenger NEVs total 564,000 units in July, CPCA data show

    Improved supply and expectations of higher oil prices have kept the NEV market booming with strong order books, the CPCA said.

  • Tesla sells 28,217 China-made vehicles in July, down 64% from June

    Tesla China's sharp decrease in wholesale sales in July was not due to a new obstacle to its operations, but rather to production line upgrades.

  • Nio's second swap station in Norway to go live on August 15

    Nio's second swap station in Norway will connect to Norway's battery swap station network and a planned network in Europe.

  • Baillie Gifford increases holdings in Nio, cuts Tesla and Li Auto in Q2

    Baillie Gifford increased its position in Nio by 8.99 percent during the second quarter, while decreasing its positions in Tesla and Li Auto by 4.16 percent and 2.79 percent, respectively.

  • Tesla's entry-level Model Y wait time gets shorter in China

    Expected delivery dates for the rear-wheel drive Model Y in China have been shortened by two weeks, while both the Model 3 Performance and Model Y Performance have been extended by four weeks.