EV Industry

In January, the impact of the shortage of chips was shown in China's decreased auto production.

In response to media reports that it plans to build its own brand of electric vehicles, Huawei denied it, saying its strategy has not changed.

Geely's announcement claimed a "merger" between the two, but the content of the announcement showed that Geely and Volvo have essentially abandoned the previously anticipated full merger proposal.

Hefei is home to Nio China's headquarters, and Nio's cars are currently produced at a manufacturing base jointly built by the company and JAC Motors.

"Because of the vital importance of smart electric cars for Geely, we must be the industry leader. Geely also has some plans that will be released at an opportune time in the future," said Geely CEO.

NOLO VR is the only mobile VR hardware brand in the world other than Oculus that owns one of the most core key technologies of VR - 6DoF interaction technology.

Shanghai, the city where Tesla's Gigafactory in China is located, is further increasing its support for new energy vehicles.

China's southernmost province of Hainan requires that new and replacement official cars and buses can only be new energy vehicles and proposes to add 25,000 new energy vehicles in the province in 2021.

Nio Capital is a private equity investment institution with RMB 10 billion funds under management.

Tesla's biggest US rival, Lucid Motors, said it is now considering the possibility of building a factory in China, the Shenzhen-based Securities Times reported Wednesday.