Xpeng exec says it's only a matter of time before Chinese EV trio sees monthly sales exceed 10,000
"The future is here because the minds of users are being changed, and even traditional car companies selling 200,000 a month can't ignore that," he said.
Nio says report of ES7 launch next year untrue
Nio has denied the rumors that it will launch a new model called ES7 next year.
Arcfox delivered 525 units in July, up 90 percent from June
In late May, the Arcfox α-S's production-line verification vehicle officially rolled off the production line, with small-volume deliveries scheduled for the fourth quarter of this year.
Analysts say BYD's market cap on track to reach RMB 1 trillion
Analysts at Huachuang Securities see BYD's market capitalization heading toward RMB 1 trillion ($155 billion), citing strong fundamentals including its auto business as well as its battery business.
Tesla reportedly shifting sales outlets away from expensive malls in China
If this is true, it means Tesla is changing its sales model, which has been copied by many other car companies and moving back to a more traditional approach.
Nio Capital-backed mining self-driving firm raises tens of millions of dollars in new funding round
The market space for overseas mines is huge, and Yikong has the opportunity to provide low-cost and efficient driverless transportation services for overseas mines, generating greater economic value, Zijin Mining said.
Chinese market regulator probes auto chip distribution firms for suspected price gouging
A semiconductor index in Shanghai extended its decline to more than 6 percent on the news.
EV battery maker CALB fights back against CATL's patent lawsuit
CALB confirmed it has received a patent lawsuit against the company by CATL, saying it has submitted a request for invalidation of those patents to the China National Intellectual Property Administration.
Nio offers preferential car purchase benefits to customers in flood-hit Zhengzhou
Between July 20 and Aug. 31, consumers in Henan province who pay a deposit for an Nio model can enjoy a 3-year interest-free benefit of RMB 300,000 ($46,425) and down payments as low as 15 percent.
China's official securities paper focuses on overcapacity of new car makers
Nio, Li Auto, and Xpeng have gone public and entered a positive cycle; however, many other new automakers have fallen into production suspensions, unpaid salaries, and bankruptcies, the report said.