Nio increases registered capital of two subsidiaries in Anhui by 50%
Nio recently increased the registered capital of two of its companies in Anhui by 50 percent, for a combined increase of RMB 4 billion ($620 million).
Xiaomi reportedly plans to release first car in 2024, aims to sell 900,000 units in three years
Xiaomi's automotive business has big ambitions, with plans to launch its first model in the first half of 2024 and a new car in each of the following three years.
Analysts expect chip shortage to improve later this month
China's auto industry is expected to enter the inventory-raising phase, with manufacturers' production and wholesale volumes expected to pick up, the team said.
Tesla opens new delivery center in Beijing, its largest in Asia with 101 delivery spaces
On the eighth anniversary of its entry into the Chinese market, Tesla is upping the ante here by opening a mega-delivery center.
SAIC unveils share buyback plan of up to RMB 3 billion after tepid stock performance
By Thursday's close, the company's shares were down 12 percent this year. BYD, by comparison, rose 40 percent in the same period.
Tesla sold just 1,309 Model 3s in China in Aug as majority exported
Tesla China sold 12,885 units in August and China-made Model 3 sales were 1,309, the lowest for the model since deliveries began last January.
Nio's HK listing reportedly may be delayed until next year
Nio's Hong Kong listing is likely to be delayed until next year, Bloomberg reported Thursday.
Self-driving startup WeRide enters freight sector, launches self-driving van
WeRide announced Thursday its entry into the self-driving freight sector with the launch of WeRide Robovan, which the company calls China's first L4 self-driving van.
Hyundai Motor reportedly in talks with Xiaomi to sell its second plant in Beijing
Hyundai has five passenger car production bases in China with a combined annual production capacity of 1.65 million units.
Nio may offer ET7 with lower-cost LFP batteries
All of Nio's current models use ternary lithium batteries from power battery giant CATL, but the latest clues indicate that its flagship sedan, the ET7, could be offered in a version with the lower-cost LFP batteries.