Phate Zhang

This allows Mirattery to establish a direct financing channel in the Chinese interbank market, providing a boost to the further development of its BaaS service system, it said.

Tesla says it still has about a week's worth of vehicle parts in stock and is actively pushing more than 100 suppliers to resume production with the support of Shanghai authorities.

Equipment installation for the project is underway, and the module plant has seen battery pack samples roll off the line.

The last two years of global battery cathode material industry capacity planning shows that the expansion scale and speed of LFP materials will far exceed that of ternary materials.

China will accelerate the development of domestic resources, crack down on hoarding and other unfair competition, and push raw material prices to return to rationality as soon as possible, the MIIT spokesman said.

One year ago today, Nio unveiled its Power North plan to do what other EV makers are not willing to do to improve the experience for customers in northern China.

In a best-case scenario Giga Shanghai will reach pre-Covid outbreak capacity levels by mid-May, according to TF International Securities analyst Ming-Chi Kuo.

BYD's NEV sales have reached a record high, driving a significant improvement in earnings and somewhat hedging the pressure caused by rising raw material prices.

CATL has put four battery swap stations into operation in Xiamen, with the number expected to reach 30 in the city by the end of the year, and the monthly rent for a single battery block is RMB 399 ($62.6).

Unlike other automakers currently using one autonomous driving solution, Jidu is developing two separate systems, pure vision and LiDAR, that serve as backups for each other.