Phate Zhang

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.

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.