Phate Zhang

An explosion at a battery recycling company under CATL, China's largest automotive lithium-ion battery maker, has slightly dampened Chinese investors' enthusiasm for the new energy sector.

Some of Geely's existing car manufacturing facilities will be modified to build smart electric cars, and the vehicles will use the software provided by Baidu and Geely's engineering know-how, the report said.

Tesla announced on Thursday that its Supercharger station at the P1 parking structure at Beijing's Daxing International Airport is open to owners, the first Supercharger station at an airport in the Asia-Pacific region for the US electric car company.

With NGP, vehicles can navigate autonomously from point A to point B on the highway covered by high precision maps.

Shenzhen recently announced that a policy introduced last June to promote new energy vehicle consumption that expired on December 31 will be extended until June 30, 2021.

Xpeng said in a poster that the sedan will feature a new design and hinted that it will be equipped with LiDAR.

Liao Bing, the CEO of GAC Nio, a joint venture between GAC Group and Nio, announced his impending departure at a staff meeting on January 7, jiemian.com said, citing insiders close to the company.

Huawei Hicar began working with BAIC BluePark New Energy on January 28 last year, and they will launch the first model in the first half of 2021, according to Chinastarmarket.cn.

When Chinese consumers' enthusiasm for new energy vehicles will recede seems to remain unseen, as BYD is also swamped with orders.

BofA said Li Auto's sales are expected to grow at a CAGR of 48 percent from 2020-2025, driven by rising EV penetration, strong market demand, and rapid expansion of sales channels.