Phate Zhang

The long-awaited partnership between Nio and fossil fuel energy giant Sinopec has finally been confirmed.

Nio will build its first flagship showroom in Norway, and it now looks like it's expected to open this September, local media outlet Bilbransje24 quoted Marius Hayler, CEO of Nio Norway AS, as saying.

Among the premium brands in the Chinese market, Nio ranked fourth with an average sales price of RMB 428,000 ($65,400) in the first quarter.

Li Auto closed down 4.3 percent to $21.78 on Monday. Its Chinese peer Nio also closed down 2.57 percent to $37.14, and Xpeng Motors fell 1.45 percent to $33.99.

"If the car has to rely on 5G and 5.5G to drive itself, what happens when the network goes down?" Xu asked, adding that this is also very demanding and unrealistic for operators.

Huawei has partnered with three car companies to create three sub-brands, and smart cars with its sub-brand "Huawei Inside" logo will start rolling out in the fourth quarter of this year, the Chinese tech giant said Monday.

The automotive industry is one of the most disruptive industries of the next decade, and Huawei will invest strongly in self-driving software, the Chinese tech giant said Monday.

Xpeng revealed the data in its monthly report for March released Monday, saying the rapid growth in mileage is a testament to the popularity and acceptance of NGP.

Tesla is hoping to use the Semi model to electrify the heavy truck industry, and now it may have a Chinese rival.

DJI is a world-renowned innovator in the drone market. Now the company is looking to bring its innovative capabilities to China's increasingly hot smart car market.