China Securities initiates coverage on Nio with Buy rating and $54 price target
China Securities analysts expect Nio to achieve single-quarter profitability in the coming quarters.
China's Ministry of Commerce says policies will be introduced to promote used car exports
China's Ministry of Commerce has released a guide to help local used car export companies develop overseas markets.
Xiaomi EV's incentive plan approved, paving way for more talent acquisition
Xiaomi's first EV is expected to be mass-produced in the first half of 2024, with 453 people already on board the business' R&D team.
BYD gets HKEx's nod to spin off its semiconductor unit to A-share listing
BYD Semiconductor was established in October 2004, and BYD directly holds 72.3 percent of the shares.
China's largest bank, ICBC, to provide RMB 3 trillion in energy financing over next 5 years
Most people may not have noticed that China's energy sector is receiving a huge financial boost.
BYD reportedly to raise battery prices by at least 20% starting next month
BYD's reasoning is that the raw materials for lithium batteries have been rising due to market changes, power restrictions and production limitations.
Tesla enters 'trillion-dollar club' for first time
Tesla became the first US automaker to exceed $1 trillion in market cap, surpassing the combined of Toyota, Volkswagen, Daimler, General Motors, BMW, Ford and Honda.
Tesla completes data center in China to store local data, builds Shanghai R&D center
This means a further step in Tesla's localization process in China and a new exploration of Tesla's overseas R&D.
Nio adds 6 swap stations, bringing total to 560
Nio added six new battery swap stations today, bringing the total to 560, according to CnEVPost data.
Daiwa Securities says it's reasonable if Tesla adds BYD as new LFP battery supplier
Daiwa Securities believes that 10 GWh of installed battery capacity could translate into close to 200,000 vehicles, which could be supplied not only to the Shanghai plant, but also to factories in Berlin or the US.