Nio says May deliveries down from April not due to chip shortage
The change delayed Nio's average delivery time by four days. Excluding invoicing, Nio would have basically been able to go from order receipt to delivery in a little more than two weeks in May.
Deutsche Bank says investors underappreciate Nio's potential in overseas markets, reiterates Buy rating
Nio announced plans to enter overseas markets a month ago, with Norway as the first stop. In the view of Deutsche Bank analyst Edison Yu's team, investors are currently underestimating Nio's potential in this aspect.
BYD sold 32,800 new energy vehicles in May, up 190% year-on-year
BYD sold 31,681 new energy passenger vehicles in May, including 18,711 pure electric vehicles and 12,970 plug-in hybrids.
Chery sold 6,792 NEVs in May, up about 132 percent from a year earlier
The company's cumulative sales of new energy vehicles from January to May were 32,237 units, up 270.6 percent from a year earlier.
Xiaomi taps Geely exec for RMB 1 billion, but rejected, report says
Xiaomi has tried to poach Hu Zhengnan, director of the automaker Geely Research Institute, with a salary of up to RMB 1 billion ($156.37 million), including equity incentives.
Great Wall Motor's EV brand Ora to start production of its Volkswagen Beetle look-alike in Q2 2022
Chinese automaker Great Wall Motor's EV brand Ora's model that looks like the Volkswagen Beetle, the Lightning Cat, will go into production in the second quarter of 2022.
Huawei establishes new company with business scope including battery swap facility sales
The company's business scope includes research and development of online energy metering technology, emerging energy technologies, and the sales of charging piles and battery swap facilities for new energy vehicles.
Fourth-largest power battery maker in China reportedly plans IPO next year
CALB, the fourth-largest power battery maker in China, plans to make an initial public offering (IPO) next year, jiemian.com reported Monday, without giving further details.
EV fires in China more than double in first five months compared to same period last year
As more consumers turn to electric vehicles, the number of fires associated with them is growing in tandem.
Evergrande Auto begins summer testing for 5 Hengchi models
Evergrande Auto began winter testing of the first mass-produced vehicle, Hengchi 1, in the cold environment of Inner Mongolia on Feb. 3 this year.
