Phate Zhang

Black Sesame said the two funding rounds amounted to hundreds of millions of dollars, giving it a valuation of nearly $2 billion.

The resources for auto chips in circulation are close to depletion, Chinese auto brands no longer have a clear advantage in chip resources, said the deputy secretary-general of the CAAM.

How to make sense of all this drama during the Chinese holiday? Edison Yu, an analyst at Deutsche Bank, gave his take in a research note sent to investors on Tuesday.

The Chinese Lunar New Year holiday is a peak travel time for the public, and Nio wants to significantly expand its battery swap stations' coverage along highways before then.

While many acknowledge that the age of autonomous driving is coming, the vast majority may still underestimate the speed, and Xpeng Motors has just demonstrated that.

Li Auto is the latest company to lower its delivery expectations due to the Covid-19 outbreak in Malaysia affecting its supplier's chip supply.

As of September 18, Nio also had 334 supercharging stations in China offering 2,134 piles.

Tesla China said Saturday that it has exported 97,496 vehicles to more than 10 countries and regions from January to August this year.

The biggest obstacle for US-listed Nio, Xpeng Motors, and Li Auto to list in the A-share market has been lifted.

"Effective September 18, 2021, referral awards will no longer be available in your region."