Phate Zhang

Nio will unveil the ES7 in April and will deliver it this year. The model is aimed to compete with the BMW X5L.

BYD's car dealership in Colombia has introduced the first 500 units of the Qin PLUS DM-i and Song PLUS DM-i models.

Xiaomi's models are aimed at the mid- to high-end market, including two A+ and two B-class vehicles in the price range of RMB 150,000-300,000.

Niu Technologies, which prices most of its products below RMB 5,000, blames the move on a sharp increase in upstream raw material prices.

Chinese regulators are asking industry players to step up efforts to secure supplies to better support the healthy development of China's strategic emerging industries, including NEVs.

Deutsche Bank analyst Edison Yu's team lowered their price target on Nio from $70 to $50, maintaining a Buy rating.

Rising Auto unveiled the R7 on February 22, becoming the second carmaker after Nio to offer a battery swap-enabled model to the general public.

The cost of a NEV increased by RMB 10,000 ($1,570) after the last battery price hike, and rose by another RMB 10,000 not long ago.

Volkswagen plans to set up a joint venture with Huayou Cobalt and Tsingshan Group in Indonesia and a joint venture with Huayou Cobalt in Guangxi, China.

The line, which connects Taiyuan and Yuncheng in Shanxi province, covers more than 600 kilometers and is the third Nio has opened under the Power Up Plan this year.