Analysts say BYD's market cap on track to reach RMB 1 trillion
Analysts at Huachuang Securities see BYD's market capitalization heading toward RMB 1 trillion ($155 billion), citing strong fundamentals including its auto business as well as its
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Tesla reportedly shifting sales outlets away from expensive malls in China
If this is true, it means Tesla is changing its sales model, which has been copied by many other car companies and moving back to a more traditional approach.
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Nio Capital-backed mining self-driving firm raises tens of millions of dollars in new funding round
The market space for overseas mines is huge, and Yikong has the opportunity to provide low-cost and efficient driverless transportation services for overseas mines, generating grea
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Chinese market regulator probes auto chip distribution firms for suspected price gouging
A semiconductor index in Shanghai extended its decline to more than 6 percent on the news.
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EV battery maker CALB fights back against CATL's patent lawsuit
CALB confirmed it has received a patent lawsuit against the company by CATL, saying it has submitted a request for invalidation of those patents to the China National Intellectual
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Nio offers preferential car purchase benefits to customers in flood-hit Zhengzhou
Between July 20 and Aug. 31, consumers in Henan province who pay a deposit for an Nio model can enjoy a 3-year interest-free benefit of RMB 300,000 ($46,425) and down payments as l
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China's official securities paper focuses on overcapacity of new car makers
Nio, Li Auto, and Xpeng have gone public and entered a positive cycle; however, many other new automakers have fallen into production suspensions, unpaid salaries, and bankruptcies
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People's Daily calls on China to speed up construction of new power system
A report in People's Daily on Tuesday called on China to deepen its power system reform and build a new power system dominated by new energy sources.
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Shenzhen is the city with most NEVs in China
The southern Chinese megalopolis of Shenzhen has the largest number of new energy vehicles in China for the sixth consecutive year, with 480,000 vehicles, or about 14 percent of th
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Li Auto seeks to raise up to $1.9 billion in HK listing, shares expected to start trading Aug 12
Li Auto on Tuesday announced the launch of a global offering of 100 million shares of its Class A common stock, including a public offering of 10 million shares in Hong Kong and an
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