Phate Zhang

The recent decline in income for some residents following the Covid outbreak has led to an impact on consumption, and the contraction in demand has trickled down to the auto market, the CPCA said.

China is in talks with automakers to extend EV subsidies that were set to expire in 2022, aiming to maintain growth in a key market amid a broader economic slowdown, Reuters said.

Eve Energy plans to invest RMB 3 billion ($444 million) in a 10 GWh power battery project in Yunnan.

China will encourage consumption by rural residents of cars priced at less than 150,000 yuan ($22,230), including ICE vehicles and NEVs, according to local media.

Nio has risen for a fourth straight day in Hong Kong, bringing its cumulative gain since May 13 to about 30 percent.

Many readers are already familiar with Nio's business progress, but how is the company managing internally? This article offers a rare glimpse.

SAIC Audi's Q5 e-tron has a pricing range that overlaps significantly with the Nio ES6, but the specs look lower.

Tiger Global increased its stake in Xpeng by 120.33 percent and in Li Auto by 167.35 percent in the first quarter. The fund does not own any shares of Nio.

Giga Shanghai is still in single-shift production, and capacity has been significantly reduced compared to the original three-shift operation.

At the end of the fourth quarter last year, it held 350,000 shares of Nio worth $11,088,000 and 666,500 shares of Xpeng worth $33,545,000.