Phate Zhang
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Chinese market regulator fines auto chip dealer RMB 500,000 for sharp price markup
Earlier this month, three auto chip dealers were fined a total of RMB 2.5 million for inflating the price of auto chips.
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HSBC lowers its price target on Nio from $69 to $47
HSBC expects Nio's product cycle to pick up momentum in 2022 with new models.
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Tesla will continue to expand investment and R&D in China, says Elon Musk
China has become a global leader in digital technology, Musk noted.
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Huawei set to offer BAIC's new energy vehicles in its sales channels
After Seres, BAIC BluePark's models are set to enter Huawei's sales channel as well.
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Nio's swap stations along highways exceed 100
Nio plans to increase the number of battery swap stations along highways to 169 by February 1.
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Nio ES8 becomes designated vehicle for 2nd China-Africa trade expo
As the only local Chinese brand with a firm foothold in the premium market, it is no surprise that Nio has been chosen as the official car for the high-end event.
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Huawei confirms US clearance for some low-end auto chip supplies
Huawei's rotating chairman Eric Xu said that the supply of low-end automotive chips to the company has received licenses from the US.
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Tesla says reports of its Aug insurance registrations in China untrue
Tesla's wholesale sales in China reached a record 44,264 units in August, according to the CPCA. However, according to the CATARC, Tesla registered just 2,802 insurance units.
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Nio to buy back more Nio China equity from strategic investors
Nio, which has become more financially solid, continues to buy back stakes in Nio China, and its stake will rise to 92.114 percent after the latest move.
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Nio says ET7 achieves drag coefficient of 0.208, same as Tesla Model S Plaid
Nio's ET7 has a drag coefficient of 0.208, the same as that of the Model S Plaid, which Tesla calls is the "lowest-drag car on Earth."
