Phate Zhang

Whenever Tesla starts offering lower-priced models in China, there is always talk of the doom and gloom for China's new carmakers. In the analysts' view, this is overblown.

The focus on chip companies for carmakers has never been stronger, and an affiliate of Nio has taken a stake in a Chinese chip company, further expanding its circle of friends in the field.

Central China's Hunan province has become the first province in the country to be allowed to pilot full-field low-altitude flights, CCTV said in a brief report on July 17, citing China's National Civil Aviation Administration.

Xpeng Motors' less expensive sedan, the P5, has received more than 5,000 orders in seven hours after opening for pre-sale, the company said Saturday.

After Lhasa, Tesla has completed its second Supercharger station in China with both solar power generation and energy storage in Shanghai.

Xpeng Motors' new sedan P5 officially launched its pre-sale on July 17, with a subsidized price range of RMB 160,000 ($24,700) to 230,000.

Nio was listed in the US on Sept. 13, 2018, and it meets the conditions for a secondary listing in Hong Kong, according to the HKEx rules.

Li Auto has submitted its listing application to the Hong Kong Stock Exchange at the end of May and will list in Hong Kong in a dual listing similar to that of Xpeng Motors, Tencent News reported Friday.

Gotion High-tech has signed a deal with the Robert Bosch GmbH to acquire the latter's plant in Göttingen, Germany, to gain its first new energy production operation in Europe.

The move puts Nio more in line with the criteria for listing in Hong Kong, where Xpeng Motors made a similar arrangement ahead of its July 7 listing.