Phate Zhang
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Nio Q4 revenue in line with expectations, adjusted loss per ADS higher than expected
Chinese electric vehicle maker Nio reported revenue of RMB 6.64 billion in the fourth quarter of 2020, in line with analysts' expectations of RMB 6.64 billion, and up 46.7 percent from the third quarter of 2020.
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Li Auto launches preferential finance package to boost sales
Li Auto today announced a special finance package valid for the next month to further strengthen its leadership position of its sole model, the Li ONE, in the new energy SUV market in China.
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Nio expected to build over 300 2nd-gen battery swap stations this year, supplier says
Nio's second-generation battery swap station has completed its validation work and started critical testing before deployment, which is expected to begin in April.
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Tesla China goes on hiring spree for Shanghai Gigafactory
Tesla China will hold job fairs in 15 cities, including Hefei, Nanjing, and Hangzhou, to hire employees for its Shanghai Gigafactory starting in March 2021.
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Nio's existing models may also be equipped with LiDAR if Innovusion's products prove reliable
If Nio's LiDAR supplier Innovusion's product quality proves reliable, not only its sedan ET7 will use its LiDAR, but also existing ES8, ES6, and EC6 models will be equipped with its products, 36kr.com said Friday, citing people familiar with the matter.
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Xpeng said to release new P7 sedan with lithium iron phosphate batteries on March 3
Early this month there are rumors that Xpeng P7 with lithium iron phosphate batteries will be released on March 3, with a range of 480km. In this regard, Chinastarmarket.cn quoted Xpeng insiders as saying that the news is true.
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Huawei denies making its own-branded EVs, says strategy remains unchanged
In response to media reports that it plans to build its own brand of electric vehicles, Huawei denied it, saying its strategy has not changed.
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Shipping info sparks speculation Nio may build showroom in US
A shipping document posted on Reddit shows that Nio sent a total of 40 tons of cargo to the United States, sparking speculation that the Chinese electric car maker may be setting up a showroom in the country.
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Li Auto Q4 revenue beats expectations, net profit turns positive for first time
Chinese electric vehicle maker Li Auto reported revenue of RMB 4.15 billion yuan in the fourth quarter of 2020, above market expectations of RMB 3.793 billion and up 65.2 percent from RMB 2.51 billion in the previous quarter.
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Geely will reportedly base its EV unit production in Hefei -- home to Nio's factory
Hefei is home to Nio China's headquarters, and Nio's cars are currently produced at a manufacturing base jointly built by the company and JAC Motors.
