Phate Zhang

Tesla is offering Chinese customers who purchase its cars through referral program a discount of RMB 8,000 ($1,110) on optional body paint in June.

This marks the eighth consecutive month of year-on-year decline in Tesla China's sales.

Nio's four main models, the Onvo L60, and Tesla's Model 3 and Model Y are included in the list for the first time.

Nio Inc, including the Nio, Onvo, and Firefly brands, saw 5,400 insurance registrations in China last week, a decrease of 17.30 percent from the previous week.

Xpeng hinted that one of its new models will adopt Huawei's HUD (head-up display) solution.

Nio is in talks with a potential buyer to sell a stake in a key asset, Chinese tech media outlet LatePost reported.

Nio's third factory will officially start production in September, and some production lines will operate on a double shift basis as needed.

Nio experienced an operating cash outflow in the first quarter, with current liabilities exceeding current assets.

In 2025 and 2026, Nio will launch its cars in Austria, Belgium, the Czech Republic, Hungary, Luxembourg, Poland, and Romania.

Xiaomi EV is poised to become the fastest to achieve profitability among China's new automotive brands.