Bosch China exec says chip supply improved slightly this month, but shortages will be the norm
Since July, Bosch has been able to meet less than 20 percent of its orders. The situation was a little better in September and October, but now it seems that less than half of the demand can be met.
Nio Hefei plant finishes phased renovation, increasing annual capacity by 20% to 120,000 units on single shift
The plant's annual capacity can be increased to a maximum of 300,000 units after all upgrades are completed in the first half of 2022.
Xpeng rises over 6% in Hong Kong, forming V-shaped rally in past seven sessions
Xpeng has accumulated gains of more than 14 percent in the past seven trading days, while Li Auto is up about 13 percent and BYD is up 10 percent in the same period.
Xpeng releases inaugural ESG report, gets top spot in MSCI rating
Xpeng has received an AA rating from MSCI ESG Research for the second consecutive year in 2021, the highest MSCI ESG rating of any global automotive company.
Nomura initiates coverage on Li Auto with Buy rating and $43.4 price target
Nomura believes that Li Auto's solution not only reduces mileage anxiety, but also allows the company to unlock markets in regions where charging infrastructure is scarce.
BAIC BJEV sold 2,450 units in Sept, up 9% year-on-year
BAIC BluePark has had a glorious past, but business conditions have continued to deteriorate in recent years.
JinkoSolar says its N-type cell reaches world record conversion efficiency of 25.4%
That surpasses the 23.56 percent conversion rate previously achieved by its local counterpart Trina Solar on P-type cells.
Xpeng says it reaches 439 supercharging stations
Xpeng now offers customers a certain amount of free charging at a total of 1,648 charging stations in 221 cities.
Tesla's software update brings auto-parking to Model Y in China
Users will have to purchase the Enhanced Autopilot or Full Self-Driving packages to use the feature.
Nio sold its vehicles at average price of about $68,600 in Sept, $18,000 higher than Tesla in China
Nio's average sales price in September was RMB 47,500 higher than the average price of high-end brands, and RMB 41,600 higher than BMW.