Phate Zhang

Nio Capital has closed the second tranche of its US dollar fund, Nio Capital Eve ONE Fund II LP, for about $400 million, nearly twice the size of the first tranche.

Nio has accumulated about 50 percent gains in Hong Kong since last Wednesday.

Battery maker CATL is one of the largest shareholders of Mirattery, Nio's battery rental service joint venture.

Two new variants of the Han DM - Han DM-i and Han DM-p - received 12,098 orders in 10 hours after opening for pre-sale, BYD said.

Ora will adjust the post-subsidy prices of all versions of the 2022 Good Cat model by RMB 6,000-7,000 ($1,100) starting March 23.

After raising the prices of some models on March 1, WM Motor will raise prices again by 7,000 to 26,000 yuan ($4,090) starting March 28.

Li Auto CEO said that most of the EV makers that have not yet announced price increases are those whose contracts with battery suppliers have not yet been finalized, and they will also increase prices once they are.

BYD attempts to highlight the model's oceanic aesthetics by showing off the smooth lines of its body.

CATL aims to build a plant in North America capable of producing up to 80 GWh of batteries a year and eventually employing up to 10,000 workers, according to Bloomberg.

The Han DM-i and Han DM-p are officially available for pre-sale today, with a price range of RMB 216,800 - 322,800.