Phate Zhang

Li Auto is aiming to develop pure electric vehicles that can charge to more than 400 kilometers in 10 minutes, the company previously said.

This is part of Tesla's global layoff plan, a local media report says.

The tragedy made Nio one of the most discussed topics on Weibo today, with the number of discussions about the accident reaching 1.61 million as of this writing.

The Qilin Battery will have an energy density of 255 Wh/kg and will be in mass production in 2023, CATL said.

An Nio sedan ran off the fifth floor of the company's Shanghai headquarters building and tumbled sideways onto the ground, according to local media.

Livan officially announced its entry into the battery swap segment through a rebranding and will launch its first battery swap-enabled model, the Livan 7, for the general public this Saturday.

CATL raises a total of RMB 45 billion through the offering, which will be used for lithium battery capacity construction and technology development projects.

China is studying the extension of its policy on the purchase tax exemption for NEVs, a State Council meeting said yesterday.

With the same chemistry and the same pack size, the Qilin battery has 13 percent higher capacity than the 4680 battery, CATL executives said earlier.

Tesla aims to raise production at the Shanghai plant to a new record high by the end of July to get closer to its goal of producing 22,000 cars a week, according to Reuters.