Phate Zhang

A Shenzhen-listed firm announced that it has won the "X01 assembly line" project of Li Auto's Changzhou branch, with a contract value of RMB 160 million and a delivery date of March 30, 2022.

A document shows that Xpeng wants to build it into a popular product and make a breakthrough in terms of production.

The initial conversion rate of the 2026 notes is 10.7458 ADSs per US$1,000 principal amount, which is equivalent to an initial conversion price of approximately US$93.06 per ADS and represents a conversion premium of approximately 50.0% above the closing price of its ADSs on January 12.

Various cities in China are taking steps to encourage the use of new energy vehicles, with the northwestern city of Xi'an being the latest.

Nio may build a new plant in Hefei, next to the existing JAC Nio plant, according to a recent government document.

Among them, ternary battery production was 48.5GWh, down 12.0% year-on-year; lithium iron phosphate battery production accumulated 34.6GWh, up 24.7% year-on-year.

China's full-year 2020 new energy passenger vehicle sales reached 1.246 million units, up 14.6 percent year-on-year.

"All-solid-state batteries are nowhere near commercialization, and it's still difficult to even do a demo right now."

Foxconn and Geely each hold 50 percent of the shares, and the chairman will be appointed by Foxconn.

Recent tight chip supply problems have affected global auto production for some time, which in turn will affect the stability of China's auto industry operations, the China Association of Automobile Manufacturers (CAAM) said.