Prominent economist says NEVs have most potential to replace real estate in economic contribution in China
Although the NEV industry currently contributes less than a tenth of what real estate does to the economy, it is growing at a very fast pace, according to Ren Zeping.
Tesla recalls 199,741 vehicles in China
Tesla is recalling 199,741 electric vehicles in China because of safety hazards in the front trunk as well as the rear trunk.
Sokon denies it plays only OEM role in partnership with Huawei
Seres is a longtime partner of Huawei and not an OEM, local media quoted a source at Sokon, which owns the brand, as saying.
BYD, others set up mining firm as battery material prices continue to rise
In December alone, the price of battery-grade lithium carbonate rose by 40 percent.
Tesla denies Chinese owners face big insurance cost hikes, says average increase about 10%
Tesla said insurance costs for its vehicles in China have risen by an average of about 10 percent, with the Performance version at 20 percent or less.
Tesla opens its first store in China's Xinjiang
The store is Tesla's 11th in northwest China and 211th in the Chinese mainland.
Nio adds 21 swap stations on last day of 2021, bringing total to 777
As of December 31, Nio had 777 battery swap stations and 605 supercharging stations offering 3,404 charging piles.
Tesla sharply hikes prices of entry-level Model 3 and Model Y in China
The price of the entry-level Model 3 has been raised by RMB 10,000 and the price of the entry-level Model Y has been raised by RMB 21,088.
US-listed Chinese stocks stage rare comeback with Nio up nearly 15%, here's why
Analysts say previous declines in Chinese stocks may be partly due to some institutions selling their worst-performing stocks at the end of the year, meaning the selling pressure may ease in the new year.
Nio invites overseas landowners to become partners in building swap stations
"Right now, we're scouring Norway, Denmark, Sweden, Germany, and the Netherlands for suitable locations to establish our Nio Power Swap stations," Nio said.