Phate Zhang

In the opinion of William Li, founder, chairman, and CEO of Nio, the Chinese electric vehicle company is not worried about the growing competition, but more about whether its decisions will show results in the future.

Li said each car company has a different chip shortage, so he called for the industry to establish a chip coordination group to better balance supply and demand.

BYD Chairman and President Wang Chuanfu has clarified the comments about Xiaomi after they sparked widespread discussion.

He said that three of China's top 10 electric vehicle brands currently sell for more than 250,000 yuan, including Tesla and Xpeng.

Li Auto says the model is now available at its 91 retail centers in China as its sales network in five cities, including Changsha and Harbin, see the arrival of the 2021 Li ONE.

Lithium iron phosphate batteries were installed at 4.5GWh, with a market share of 46 percent, up 458.6 percent year-on-year and 40.9 percent from April.

Pony.ai's initial plan is to build passenger cars, but it has not yet determined whether they will be used in self-driving fleets or sold to general consumers.

Nio announced Friday that it has received European Whole Vehicle Type Approval (EWVTA) for the ES8, marking an essential foundation for Nio's entry into Norway and the European market at large.

The China-made Model Y is currently powered by ternary lithium batteries supplied by LG. Lower-cost LFP batteries would mean a lower price for the model in China.

Nio is assembling a team internally to secretly create a new lower-end sub-brand that will target a market priced around RMB 200,000 yuan ($31,300).