Phate Zhang

Chinese regulators are considering a proposal to allow their US counterparts to inspect audit working papers of some Chinese companies that do not collect sensitive data, according to Reuters.

Xiaomi said its electric car business is progressing beyond expectations, maintaining its expectation of seeing the first model in mass production in the first half of 2024.

The model codenamed F30 will likely be built on a new platform other than Xpeng's existing David and Edward platforms.

The Beijing auto show, originally scheduled for the end of April, may be postponed until June because of the Covid pandemic causing many carmakers to possibly not arrive on time, local media said.

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.