Phate Zhang

Chinese electric vehicle company Nio will hold an Nio Power Day event in Shanghai on July 9, according to an invitation sent to CnEVPost.

The EP9 set a new lap record at the Zhejiang International Circuit with a time of 01:26.180, about six seconds ahead of the previous record of the 1st place holder, Mercedes-AMG GT Black Series (Cup2R).

Nio is currently considering upgrades to its existing models based on its first-generation platform, including 5G support and cockpit upgrade, and hopes to have an answer soon.

Tesla said the issue does not exist in Model S/X, which have different cruise control lever positions and have a very small probability of false activation.

Tesla is conducting a huge recall in China, involving almost all vehicles sold in the country since 2019. This is related to just the vehicle software though, and the company will provide fixes via OTA.

Pony.ai is considering a US IPO for its to help it achieve its goal of commercializing its driverless ride-hailing service.

Building cars is a business that needs to burn money, so auto giant Geely has decided it wants to bring in external capital for its new premium electric vehicle brand Zeekr to accelerate its growth.

Good news for the global automotive industry hit by a global chip shortage.

"We're still debating and considering," said Peng, when asked about the time frame for a public share sale.

Geely said Friday it withdrew plans to list on China's Nasdaq-style sci-tech innovation board, also known as the STAR market, becoming the latest car company to do so after WM Motor.