EV Industry

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.

Sinopec currently has 20 hydrogen refueling stations in 14 regions in China, with an annual hydrogen production capacity of more than 3.9 million tons, accounting for 11 percent of China's output.

HiPhi announced at the Chengdu Auto Show the start of deliveries of the HiPhi X 4-seat model, priced at RMB 800,000 ($124,000).

The project's ten-year total output is expected to be RMB 70 billion, and the ten-year total output after completion of the first phase is expected to be RMB 30 billion.

If it is true, the financing would be the first local equity financing in China's ride-hailing industry in 2021, an ice-breaking move after the crackdownon Didi Chuxing.