Xpeng's Q1 revenue soars 616% year-on-year to $450 million, beating expectations
Xpeng reported first-quarter revenue of RMB 2.95 billion ($450.4 million), beating Wall Street expectations of RMB 2.886 billion, according to unaudited results released Thursday b
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Nio in April 2021: Fresh sales record, new major partnership
Nio is actively reinforcing its business through infrastructure-related collaborations.
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Auto giant GAC reportedly studying feasibility of building battery swap stations
Attracted by the initial success of Nio and the support of Chinese policy, the battery swap model for electric vehicles is about to see more players.
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Nio tops China's all-electric SUV market in April with 23% share
Nio was the top-selling brand in China's all-electric SUV market in April with a 23 percent market share, higher than Tesla's 17 percent, WM Motor and Xpeng Motors' 7 percent.
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Nio's battery rental service BaaS called world-changing idea in new ranking
For Nio, the battery rental service BaaS (Battery-as-a-Service) was a major gamble on its fate. Now, as the model achieves initial success, it is becoming increasingly recognized.
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Chinese self-driving startup WeRide closes Series C round, valuing it at $3.3 billion
WeRide is currently conducting unmanned testing in China and the US to prepare for the final step of test validation for the operation of driverless minibuses.
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Li ONE tops insurance registrations among Chinese new energy SUVs in April, ahead of Model Y
Without the temporary production line shutdown, the Model Y would have seen the highest insurance registration in the Chinese new energy SUV market in April.
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Evergrande Auto parent sells 2.66% stake at 20% discount
With this move, Evergrande Auto's top 20 shareholders' shareholding dropped below 90 percent, satisfying the necessary conditions to allow it to enter the Shanghai-Hong Kong Stock
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Tesla halts accepting payments in bitcoin, citing environmental concerns
Tesla is also looking at "other cryptocurrencies that use
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China drafts rules to strengthen regulation of vehicle data collection
As China's smart car industry grows rapidly, regulation is actively following it up.
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