EV Industry

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.

China's power battery production in January 2021 totaled 12.0GWh, up 317.2% year-on-year and down 20.4% from the previous month, according to a latest report.

Huawei disclosed a patent for "electric vehicles and methods for charging between electric vehicles" on February 23, according to data provider Qichacha.

A total of 1.9 million electric vehicles will be sold in China in 2021, an increase of 51 percent, accounting for 9 percent of total vehicle sales in China, data analysis firm Canalys said in a report published on February 22.

Rumors about Chinese smartphone giant Xiaomi's decision to build cars have attracted widespread attention recently. And in fact, Xiaomi already has a large number of car-related patents.

Xia was the co-founder and CTO of Mobike and has made outstanding contributions to changing the structure of urban mobility, Baidu said in a written reply to CnEVPost.

Chinese smartphone maker Xiaomi has officially clarified, though not explicitly denied, reports of its entry into the car-making industry.