JPMorgan expects China's NEV penetration to reach 35% by 2025
JPMorgan is bullish on the prospects for China's NEV industry, which coincides with the optimism of Chinese investors, one executive said.
Nio says it completes highway swap station network in Yangtze River Delta metropolitan area
This follows Nio's completion of a battery swap station network along the highways from Beijing to neighboring cities in September.
Nio adds 3 swap stations, bringing total to 604
One of the stations, located at a Sinopec gas station, is the first such facility built by Nio and the fossil fuel giant in Guangdong that support both battery swap and fast charging.
Changan's premium EV brand to get capital injection, Nio's stake to be diluted to just 1%
The move represents a further exit for Nio from its joint venture with Changan after it cut its stake in the company to 4.62 percent late last year.
Main building of Nio's plant in NeoPark passes acceptance
The complex is expected to be handed over to Nio for equipment installation by the end of November, with production to begin in September next year.
Tesla recalls 91 imported Model 3s in China
The transverse linkage retaining bolts on the front subframe assembly of some vehicles may not be tightened to standard torque.
Xpeng reportedly revamps sales approach to aim for higher volumes
Xpeng has reportedly expanded the sharing of sales leads in order to hit its 15,000-unit monthly delivery target.
New survey finds 50% of Chinese respondents have strong intention to buy pure-play EVs
As Nio's William Li puts it, once users embrace electric vehicles, they will become widespread very quickly.
Chinese self-driving unicorn Momenta closes over $1 billion in Series C funding
In 2017, Momenta received a $46 million Series B investment led by Nio Capital, the venture capital arm of Nio.
Great Wall Motor builds first supercharging station in Thailand as its popular EV model becomes available there
It is also Great Wall Motor's first station in the world to feature photovoltaic power, energy storage and charging capabilities.