Analysts expect software to bring sustained revenue for Xpeng
Realization of the XPILOT software will be a sustained source of revenue and profit for Xpeng Motors in addition to vehicle sales, Northeast Securities said in a report released Tuesday.
China's retail sales of new energy passenger vehicles were 222,000 units in July, up 169% from a year earlier
Retail sales of new energy vehicles from January to July reached 1.229 million units, up 210.2 percent year-over-year.
Tesla and BYD were the top-selling NEV brands worldwide in June
In June, global new energy passenger vehicle sales reached 583,500 units, up 153 percent year-over-year. Among them, sales of pure electric vehicles were 407,000 units, a 154 percent jump year-over-year.
Analysts say certainty of recovery in China's auto industry grows
China's auto sector continues to receive positive support and the certainty of recovery is increasing, Guotai Junan Securities said.
Evergrande Auto expects H1 loss of about $740 million
This is mainly due to the fact that its new energy vehicle business is still in the investment stage, with the purchase of fixed assets and equipment, R&D-related costs and interest expenses.
Nio adds another battery swap station in flood-hit Zhengzhou
This is Nio's 14th battery swap station in Henan Province, and the second to be put into operation after the province was hit by rare heavy rains and flooding.
Xpeng's new SUV spotted at EV maker's headquarters
Although covered with fabric, the pictures show solid-state LiDARs under the headlights, similar to the Xpeng P5 that will be delivered soon, according to the Weibo user.
China's hydrogen production increased by 25% year-over-year in H1
The cost and selling price of hydrogen energy has dropped by about 50 percent in the last four years, and production and sales of hydrogen-fueled vehicles have skyrocketed, CCTV reported on Friday.
Guangdong's Foshan City to provide subsidies of up to about $3,085 to consumers who purchase NEVs
More and more local governments in China are introducing measures to accelerate the acceptance of new energy vehicles.
China's auto market demand to be released gradually as chip problem eases, industry association says
With the chip problem eased and manufacturers' production capacity gradually restored, the previously suppressed market demand will gradually be released, and auto sales are expected to increase in August, the China Automobile Dealers Association (CADA) said.