Phate Zhang

Greenwoods also bought an initial 14,285 shares of Tesla during the fourth quarter worth about $15 million. It does not hold any shares of Nio.

BYD's batteries for Tesla will begin mass production in March, and Tesla cars with the blade batteries are expected to hit the market in the second quarter, the latest rumor says.

BlackRock increased its holdings in Nio by 2,412,164 shares and Li Auto by 1,851,864 shares, while decreasing its holdings in Xpeng by 425,701 shares in the fourth quarter.

Zeekr will push Zeekr OS 1.1.1 from February 12 and offer Zeekr OS 2.0 Beta with driver assistance system to internal test users from February 15.

Luxshare's controlling shareholder will buy part of the stakes in Chery Holdings and two other companies for RMB 10 billion.

China's homegrown luxury brands see the best time to rise as disruptive innovation leaves legacy carmakers facing great uncertainty.

After a series of twists and turns late last year, the Hengchi 5 has once again made it onto a regulatory list for comment, setting the stage for its official launch.

Nio Capital has invested in an electrochromic technology developer last year, perhaps paving the way for the introduction of the technology.

That's a 25 percent upward revision from the company's previous mention of up to 1.2 million units, implying an average monthly sales of 125,000 units.

Great Wall Motor has already entered four ASEAN countries, Thailand, Brunei, Laos and Myanmar, and will launch regular operations in Malaysia, Vietnam, the Philippines and Singapore in 2022.