EV Industry

Chinese regulators are considering a proposal to allow their US counterparts to inspect audit working papers of some Chinese companies that do not collect sensitive data, according to Reuters.

The Beijing auto show, originally scheduled for the end of April, may be postponed until June because of the Covid pandemic causing many carmakers to possibly not arrive on time, local media said.

Niu Technologies, which prices most of its products below RMB 5,000, blames the move on a sharp increase in upstream raw material prices.

Nio Capital has closed the second tranche of its US dollar fund, Nio Capital Eve ONE Fund II LP, for about $400 million, nearly twice the size of the first tranche.

After raising the prices of some models on March 1, WM Motor will raise prices again by 7,000 to 26,000 yuan ($4,090) starting March 28.

The two sides plan to further strengthen communication and reach arrangements as soon as possible within a framework that is consistent with their respective laws.

Stocks of US-listed Chinese companies, Hong Kong shares and A-shares plunged recently in part because of malicious shorting by some international investors, a Chinese academic said yesterday.

Chinese and US regulators have maintained good communication over regulation of US-listed Chinese companies, have made positive progress and are working to form concrete cooperation proposals.

Overtaking foreign brands, something that was considered mission impossible in the fuel car era, is becoming a reality in the electric car era.

Didi's first model could be priced at around 150,000 yuan ($23,582) and aim for delivery in June next year, according to local media.