Phate Zhang
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Xpeng has more owners in Shanghai than in Guangzhou, where it is headquartered
Shanghai is home to Nio's global headquarters and a Tesla factory.
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Chery's Mini EV rival opens for pre-sale in China, prices start at about $4,700
The QQ Ice Cream is priced directly at the market where the Wuling Hongguang Mini EV is located.
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China Securities initiates coverage on Nio with Buy rating and $54 price target
China Securities analysts expect Nio to achieve single-quarter profitability in the coming quarters.
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China's Ministry of Commerce says policies will be introduced to promote used car exports
China's Ministry of Commerce has released a guide to help local used car export companies develop overseas markets.
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Xiaomi EV's incentive plan approved, paving way for more talent acquisition
Xiaomi's first EV is expected to be mass-produced in the first half of 2024, with 453 people already on board the business' R&D team.
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BYD gets HKEx's nod to spin off its semiconductor unit to A-share listing
BYD Semiconductor was established in October 2004, and BYD directly holds 72.3 percent of the shares.
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China's largest bank, ICBC, to provide RMB 3 trillion in energy financing over next 5 years
Most people may not have noticed that China's energy sector is receiving a huge financial boost.
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BYD reportedly to raise battery prices by at least 20% starting next month
BYD's reasoning is that the raw materials for lithium batteries have been rising due to market changes, power restrictions and production limitations.
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Tesla enters 'trillion-dollar club' for first time
Tesla became the first US automaker to exceed $1 trillion in market cap, surpassing the combined of Toyota, Volkswagen, Daimler, General Motors, BMW, Ford and Honda.
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Tesla completes data center in China to store local data, builds Shanghai R&D center
This means a further step in Tesla's localization process in China and a new exploration of Tesla's overseas R&D.
