Nio in-depth analysis: Sales and cash flow expected to see sustained improvement
With the launch of new models, the easing of battery and chip shortages, and the gradual release of factory capacity, Nio's sales and cash flow are expected to continue to improve, and its market capitalization has big growth potential.
Nio launches joint lab with one of China's top universities
USTC's scientific research strength in China is almost comparable to that of Tsinghua University and Peking University. It is located in Hefei, Anhui Province, which is also the headquarters of Nio China and is home to the JAC Nio factory.
China sees 1.1 million NEV registrations in H1, up 234% from a year ago
"The rapid development of new energy vehicles and the rapid growth of luxury brand vehicles indicate the stimulation of domestic demand potential in the car market," the CPCA said.
First Tesla model to be powered by BYD's 'blade battery' said to be Model Y
Media reports that BYD will supply "blade battery" to Tesla are true, and the first model could be the Model Y, Chinese technology website mydrivers.com said Friday, citing an unnamed BYD insider.
Li Auto sets HK offering price at HK$118
Li Auto has priced its Hong Kong offering at HK$118 ($15), corresponding to $30 per ADS traded in the US, according to an announcement the company made Friday.
Kaixin Auto announces entry into NEV space, shares soar 30% pre-market
Kaixin Auto Holdings, a US-listed Chinese used car dealership, announced Friday that it has decided to set up a new energy vehicle business unit that will include new energy vehicle development, production and marketing teams.
Nio says about 31% of users have one battery swap station within 3 km radius
At the first Nio Power Day event on July 9, Nio said the percentage was 29 percent and that was unsatisfactory.
Geely sold 7,794 NEVs in July, up 22% year-over-year
Geely's new energy vehicle sales in July were 7,794 units, up 22 percent year-over-year, according to figures released by the Chinese auto giant on Aug. 6.
SAIC sold 352,546 vehicles in July, down 23 percent from a year ago
SAIC Group's car sales in July were 352,546 units, down 22.95 percent from 457,558 units a year ago, according to data released by the company Friday.
Huawei sets up new firm with business scope including development of energy recovery systems
The establishment of the new company heralds Huawei's R&D in electric vehicle power and further march into the automotive field.