Phate Zhang

  • Tianqi Lithium signs deal to supply lithium hydroxide to LG Chem

    A subsidiary of Tianqi Lithium has signed an agreement with LG Chem to sell lithium hydroxide to the latter from January 1, 2023 to December 31, 2026.

  • Qihoo 360 backtracks on investment in Neta

    Qihoo 360 said the move is to optimize Neta's shareholding structure and improve its corporate governance.

  • CICC raises price target on Xpeng, says EV maker undervalued in four fronts

    CICC raised its price target on Xpeng to $45, saying the pace of the City NGP launch is expected to be a core catalyst for its share price rise.

  • Self-driving chip maker Horizon Robotics gets strategic investment from FAW

    In May, FAW's Hongqi brand confirmed that it will use Horizon Robotics' chips in a new model.

  • Alibaba gets license for L4 self-driving truck road tests

    Deqing in Zhejiang has become the first in China to issue a license allowing companies to conduct public road tests of L4 self-driving trucks without safety officers, with Alibaba receiving one of the first 2 licenses.

  • Central China's Wuhan becomes latest city to boost NEV consumption

    Consumers with Wuhan license plates who transfer or scrap their old vehicles and purchase NEVs will each receive a subsidy of at least 5,000 yuan ($750) over the course of their use of the vehicle.

  • Nio up over 5% to all-time high in Hong Kong, while Xpeng and Li Auto fall

    As of press time, Nio is up 4.3 percent to HK$196.6, surpassing its previous all-time high of HK$196.

  • Tencent aims to use its cloud technology to help automakers build cars, restrains from jumping on car-making bandwagon

    Tencent will provide the auto industry with a low-threshold, customized platform and tools to make the cloud the new productivity of smart cars, one executive said.

  • Tesla offers incentives to encourage consumers to trade in their ICE vehicles in China

    These measures include a free 90-day trial of the EAP and a free in-home evaluation of the price of the old vehicle.

  • Leapmotor faces user protest at Chongqing auto show

    This is another high-profile protest at an auto show after a female owner protested at the Tesla booth during the Shanghai auto show in late April last year.