BYD's blade battery now used in all of its all-electric models
The blade battery, a power cell that BYD claims won't catch fire, was first used in its flagship Han EV model. It is now available in all BYD's all-electric models.
Nio's affiliate takes stake in chip firm
The focus on chip companies for carmakers has never been stronger, and an affiliate of Nio has taken a stake in a Chinese chip company, further expanding its circle of friends in the field.
Hunan becomes China's first province to pilot low-altitude flights in historic move to explore opening up strictly regulated area
Central China's Hunan province has become the first province in the country to be allowed to pilot full-field low-altitude flights, CCTV said in a brief report on July 17, citing China's National Civil Aviation Administration.
Xpeng says P5 gets over 5,000 orders in 7 hours after opening for pre-sale
Xpeng Motors' less expensive sedan, the P5, has received more than 5,000 orders in seven hours after opening for pre-sale, the company said Saturday.
Tesla opens Supercharger station in Shanghai with solar power generation and energy storage
After Lhasa, Tesla has completed its second Supercharger station in China with both solar power generation and energy storage in Shanghai.
Xpeng P5 opens for pre-sale with starting price of about $24,700
Xpeng Motors' new sedan P5 officially launched its pre-sale on July 17, with a subsidized price range of RMB 160,000 ($24,700) to 230,000.
Nio reportedly filed for HK secondary listing in March, but delayed due to user trust issues
Nio was listed in the US on Sept. 13, 2018, and it meets the conditions for a secondary listing in Hong Kong, according to the HKEx rules.
Li Auto reportedly filed for HK listing in May, will use dual listing similar to Xpeng
Li Auto has submitted its listing application to the Hong Kong Stock Exchange at the end of May and will list in Hong Kong in a dual listing similar to that of Xpeng Motors, Tencent News reported Friday.
Power battery maker Gotion secures its first plant in Europe through acquisition
Gotion High-tech has signed a deal with the Robert Bosch GmbH to acquire the latter's plant in Göttingen, Germany, to gain its first new energy production operation in Europe.
SPDB International initiates coverage on Xpeng with Buy rating and HK$187.6 price target
Xpeng's car sales have a price-to-sales ratio close to other new car makers, but its software services could be given a higher price-to-sales ratio thanks to its push in autonomous driving and software monetization, according to the report.
