EV Industry

Since last year, Nio and the city of Hefei have been working together to build battery swap facilities and plan to add 20 new ones within two years.

Chinese regulators have interviewed 11 ride-hailing companies, including Didi Chuxing, Meituan Chuxing, Gaode and Caocao Chuxing, asking them to rectify their non-compliance practices and maintain fair and competitive market order.

In 2022-2023, Aiways will release its second-generation intelligent driving assistance technology, which will likely add 1-2 LiDARs.

State Grid, the world's largest utility company, is also one of the largest operators of charging piles in China, and it is rapidly expanding its reach.

The reason for the rise in auto chip prices is speculation by dealers on the one hand, and automakers spending high prices to buy chips in bulk for fear of discontinuing production on the other.

With Li Auto releasing its second-quarter earnings on Monday, the US-listed Chinese EV trio - Nio, Xpeng Motors, and Li Auto - have all reported results for the quarter.

The company said orders for the KiWi EV have surpassed 6,000 units in the 20 days since pre-orders for the car began on August 11.

The full design of Baidu's first model has been finalized and is undergoing engineering development and design optimization.

Lotus announced Nio Capital, the venture capital arm of Nio, as its investor, without disclosing the exact amount of investment or the valuation.

At a time when China's electric vehicle industry is growing rapidly, foreign brands, with the exception of Tesla, seem to be lagging behind across the board, especially Audi.