Phate Zhang

The project has a total investment of RMB 13.5 billion ($2.14 billion) and is designed to have a total capacity of 45 GWh.

Nio said it currently has sufficient cash reserves and no immediate need to raise capital in the short term, and the move that could help bring in more investors.

The Dongfeng E70's solid-state battery pack has an energy density of just 157 Wh/kg, only slightly higher than the 150 Wh/kg of the BYD Han EV.

Inceptio will invest more in its in-house developed truck self-driving system "Xuanyuan" and launch more production models with industry partners.

Baidu will use ANP 3.0 in production cars in July 2023, and the first model to use it will be Jidu's.

Ford is experiencing the same unstable battery supply problems as Nio, which is the first reason for the Mustang Mach-E's low deliveries in China.

A group of Taoist priests appear to be holding an event in front of an Xpeng offline store, prompting many to question what they are doing.

A secondary listing is simpler than a dual primary listing, but at the moment it doesn't allow a company to be included in the mainland-Hong Kong stock connect.

The focus will shift to the expected production ramp-up of three new models starting in late March this year.

Nio has more than 100 subsidiaries located in multiple regions, resulting in the need for additional time to prepare for capital liquidity disclosures, the company said.