Phate Zhang

China will accelerate the development of domestic resources, crack down on hoarding and other unfair competition, and push raw material prices to return to rationality as soon as possible, the MIIT spokesman said.

One year ago today, Nio unveiled its Power North plan to do what other EV makers are not willing to do to improve the experience for customers in northern China.

In a best-case scenario Giga Shanghai will reach pre-Covid outbreak capacity levels by mid-May, according to TF International Securities analyst Ming-Chi Kuo.

BYD's NEV sales have reached a record high, driving a significant improvement in earnings and somewhat hedging the pressure caused by rising raw material prices.

CATL has put four battery swap stations into operation in Xiamen, with the number expected to reach 30 in the city by the end of the year, and the monthly rent for a single battery block is RMB 399 ($62.6).

Unlike other automakers currently using one autonomous driving solution, Jidu is developing two separate systems, pure vision and LiDAR, that serve as backups for each other.

Dida filed to list in Hong Kong back in October 2020, but has so far been unsuccessful in doing so.

The first phase of the range extender production project is planned to have a capacity of 200,000 units, and 388 prototypes have already been delivered to Li Auto.

To date, Nio has provided more than 8 million battery swap services, with 9 customers using the service more than 1,000 times.

Tesla's Shanghai plant will resume production on April 18 at the earliest, and in a best-case scenario it will reach normal production levels by mid-May, according to Kuo.