Phate Zhang
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China's wholesale sales of passenger NEVs up 49.8% in May from April, CPCA data show
China's NEV industry has been hit by the current epidemic, but the year-on-year improvement has exceeded expectations, the CPCA said.
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Tesla sells 32,165 China-made vehicles in May, exports 22,340 from Shanghai plant
Tesla's Shanghai plant produced 33,544 vehicles in May, 22,340 of which were exported.
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Jidu's first production vehicle will be SUV to compete with Tesla Model Y
Jidu's first production model is positioned as a mid-size SUV that will be a generation ahead of Tesla in terms of intelligence, according to its CEO.
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Kaiyuan Securities initiates coverage on Nio with 'Outperform' rating, says new models will drive sales growth
The analyst expects Nio to deliver 140,000, 200,000 and 270,000 units from 2022-2024, respectively.
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CATL denies rumors that losses on its futures investments will drag down earnings
There have been rumors recently that CATL may recognize a loss on its futures investment in its first-half earnings report, leading to very poor second-quarter results.
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BYD sees electrification moving much faster than imagined as its order backlog reaches 600,000 units
"We feel that the electrification process is accelerating much faster than we thought," said BYD Chairman Wang Chuanfu.
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BYD raises price cap on share buybacks as stock rises faster than it can execute
BYD previously announced a buyback price cap of RMB 300, but its shares have risen 40 percent in the past month to about RMB 330.
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Nio tones down after AMD clarifies partnership fiasco
AMD says it looks forward to broad cooperation with Nio in the future.
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Nio ET5, Xpeng G9 enter draft regulatory catalog for public comment
Nio will offer a retractable electric tow hook option for the ET5, according to the latest regulatory filing.
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Jidu unveils ROBO-01, a robot car concept with futuristic design
Jidu unveiled the ROBO-01 in Baidu's metauniverse platform XiRang, featuring ultra-high specs and a futuristic design.
