Evergrande Auto expects H1 loss of about $740 million
This is mainly due to the fact that its new energy vehicle business is still in the investment stage, with the purchase of fixed assets and equipment, R&D-related costs and interest expenses.
China's new energy passenger car penetration rate on track to reach 13% this year, expert says
Cui made the call based on the rapid growth of China's new energy vehicle industry this year, saying he believes the CPCA's June forecast for new energy passenger vehicle sales to reach 2.51 million units this year was conservative and will be revised upward in the future.
Huawei discloses new self-driving car-related patent
Huawei recently disclosed a new automotive-related patent that, if applied, would make self-driving vehicles even smarter.
Nio starts recruiting internal test participants for its next major software update, presumably Nio OS 3.0
Nio began recruiting internal test participants for the latest version of its in-car system on Monday, according to the information posted on its app.
Nio adds another battery swap station in flood-hit Zhengzhou
This is Nio's 14th battery swap station in Henan Province, and the second to be put into operation after the province was hit by rare heavy rains and flooding.
Tesla Shanghai plant reportedly reaches 450,000 units of annual production capacity
Tesla's Shanghai Gigafactory has reached an annual production capacity of 450,000, Tencent News said Monday, citing media sources invited to a recent tour of the plant, adding that this means Tesla could be one step closer to exceeding its 2020 guidance.
Hongguang Mini EV sold 30,706 units in July, tops China's NEV market for 11th straight month
SAIC-GM-Wuling Hongguang Mini EV sold 30,706 units in July, ranking first in China's new energy vehicle market for the 11th consecutive month since its launch, the company said Monday.
Xpeng's new SUV spotted at EV maker's headquarters
Although covered with fabric, the pictures show solid-state LiDARs under the headlights, similar to the Xpeng P5 that will be delivered soon, according to the Weibo user.
Rumors say BYD will buy SAIC's passenger car business, the latter denies
SAIC was questioned how BYD's market value is close to RMB 1 trillion ($154.38 billion) while SAIC's market value is only RMB 200 billion.
Hainan to launch pilot projects to speed up construction of battery swap stations
The pilot industry focus is on cabs, ride-hailing services, buses, passenger shuttles, and medium and heavy commercial vehicles.
