EV Industry

China is set to introduce extraordinary policies to address the risk of a lack of investment momentum in manufacturing downstream companies whose profits are being squeezed.

Nio's sales in Shanghai contributed between one-sixth and one-fifth of the company's total sales, William Li said yesterday.

Former education company backed by Bain Capital rises from the ashes through a reverse merger with the electric vehicle charging business of NewLink, another Bain-backed Chinese company.

Nio's ET7 seems to be continuing to draw Shanghai customers to its stores, while WM Motor, Volkswagen, Toyota, GM, and GAC Aion are seeing fewer visitors in their stores.

China's auto industry as a whole still reported lower sales in May compared to a year ago, despite an improvement from April.

China's NEV industry has been hit by the current epidemic, but the year-on-year improvement has exceeded expectations, the CPCA said.

Jidu's first production model is positioned as a mid-size SUV that will be a generation ahead of Tesla in terms of intelligence, according to its CEO.

Jidu unveiled the ROBO-01 in Baidu's metauniverse platform XiRang, featuring ultra-high specs and a futuristic design.

Lynk & Co plans to launch four hybrid models this year and three more within two years.

The Qiantu K20 can accelerate from 0 to 100 kilometers per hour in as little as 4.7 seconds and offers frameless doors and a variety of color options to appeal to younger consumers.