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.
China accounts for 47% of global NEV sales in H1
China's share of new energy passenger cars reaches 51 percent in 2019, but drops to 41 percent in 2020 due to the policy environment and Covid-19.
SAIC partners with OPPO to improve in-vehicle user interaction
SAIC Group, China's largest local automaker, and smartphone giant OPPO signed a cooperation agreement on August 5, aiming to bring the cell phone experience into the car.
Analysts raise BYD price target after strong delivery data
The report said it raised its 6-month price target to RMB 360 ($55.7) from RMB 290 per share and maintained a "Buy-A" rating as the company's battery capacity and vehicle sales exceeded expectations.
Baidu unveils Apolong II, its second-gen autonomous minibus
Apolong Ⅱ is dedicated to becoming a mobile space in the smart era, providing customized smart mobility services for public travel, mobile policing, health management and other scenarios.