Phate Zhang

Li Auto has priced its Hong Kong offering at HK$118 ($15), corresponding to $30 per ADS traded in the US, according to an announcement the company made Friday.

Kaixin Auto Holdings, a US-listed Chinese used car dealership, announced Friday that it has decided to set up a new energy vehicle business unit that will include new energy vehicle development, production and marketing teams.

At the first Nio Power Day event on July 9, Nio said the percentage was 29 percent and that was unsatisfactory.

BYD's new energy vehicle sales in July were 50,492 units, up 234 percent from a year ago and 22 percent from June.

BYD will supply its "blade battery" to Tesla in the second quarter of next year, local Chinese media cls.cn said Thursday, citing multiple sources familiar with the matter.

Daiwa expects Xpeng to be a leader in China's autonomous driving space and a leader in its commercialization process. The team believes Xpeng will be profitable by 2022.

A Weibo blogger with more than 3 million followers posted two camouflage images of the ET7 on Wednesday, saying they were taken during a road test of the car.

China's July auto sales are estimated at 1.82 million units, down 9.7 percent from June and 13.8 percent from a year ago, data released Wednesday by the China Association of Automobile Manufacturers showed.

Li Auto received a margin subscription of HK$1.697 billion today, which represents an oversubscription of about 13 percent, considering that its public offering will raise about HK$1.5 billion.

Nio has denied the rumors that it will launch a new model called ES7 next year.