Former Didi exec joins GAC to lead businesses including autonomous driving
Chen has more than 20 years of experience in artificial intelligence research and applications and big data analytics.
BYD sets up new firm in Hefei, with registered capital of $154 million
In addition to Nio, the central Chinese city of Hefei is attracting more car companies to set up operations there.
Guangzhou pilot allowing self-driving cars to drive alongside human-driven vehicles
Guangzhou announced the official launch of a pilot program for self-driving cars to drive alongside human-driven vehicles, marking a key step toward the adoption of autonomous driving at scale.
Not all battery swap-enabled models are successful, this automaker had zero car sales in June
The success of Nio's battery swap-enabled models does not mean the same for all companies selling such models.
Li Auto signs deal with Chinese LiDAR supplier
Li Auto recently signed an agreement with a Chinese LiDAR supplier to lay the groundwork for its new model to be released in 2022 with the component which is seen as key for autonomous driving.
SAIC aims to sell 550,000 units in overseas markets this year
SAIC Motor aims to sell 550,000 units in overseas markets this year and the target is 1.5 million units by 2025.
Uxin closes $100 million financing deal, Nio's William Li joins board
Under the deal, Uxin has issued a total of 29,129,040,416 shares of senior convertible preferred stock for an aggregate amount of $100 million.
Gotion signs deal to develop first-gen unified battery cells for VW
Gotion will develop the first battery application with standard cells for VW's regular production models.
Citi raises BYD price target, says its P/S ratio should reach Nio's level
Nio has a P/S ratio of 22 times, while the figure for BYD is 3 times.
Information provider 36Kr brings its audio to Nio vehicles
US-listed Chinese business and financial information provider 36Kr Holdings recently announced that the audio segment it created with Nio's interactive sound community, Nio Radio, has come to Nio vehicles.
