Nio's OEM JAC sold 12,007 EVs in July, up 189% year-over-year
JAC did not specify, but in line with industry practices, its EV sales figures should include Nio vehicles.
Nio in-depth analysis: Sales and cash flow expected to see sustained improvement
With the launch of new models, the easing of battery and chip shortages, and the gradual release of factory capacity, Nio's sales and cash flow are expected to continue to improve, and its market capitalization has big growth potential.
SAIC sold 352,546 vehicles in July, down 23 percent from a year ago
SAIC Group's car sales in July were 352,546 units, down 22.95 percent from 457,558 units a year ago, according to data released by the company Friday.
China accounts for 47% of global NEV sales in H1
China's share of new energy passenger cars reaches 51 percent in 2019, but drops to 41 percent in 2020 due to the policy environment and Covid-19.
Baidu unveils Apolong II, its second-gen autonomous minibus
Apolong Ⅱ is dedicated to becoming a mobile space in the smart era, providing customized smart mobility services for public travel, mobile policing, health management and other scenarios.
Battery maker Eve Energy to build new 30GWh project
Chinese lithium battery maker Eve Energy plans to invest in a new 30GWh per year power battery project in Jingmen City, Hubei Province, the company said in an announcement Wednesday.
Wuling Hongguang Mini EV gets another competitor
The Pocco Duoduo, a new car from local Chinese carmaker Pocco that competes with the Wuling Hongguang Mini EV, will open for pre-sale on August 6, the company announced Thursday.
Next-gen 5G standard promises to accelerate commercialization of autonomous driving
Although 5G communication technology is still in the early stages of development, discussions about its evolved version have already begun to emerge and are seen as helping to bring self-driving technology up to a faster commercial pace.
Volkswagen ID models reportedly sold over 5,000 units in China in July
Volkswagen CEO Herbert Diess previously said he expected sales of the ID series cars in China to double to 6,000 units in July from 3,000 units in June.
CICC raises Xpeng price target by 20% to $55
CICC said it raised the price target of Xpeng's US stock by 19.6 percent to $55, with a 36 percent upside, considering its sales continue to exceed expectations.