Guangdong offers subsidies of up to $1,550 to encourage local residents to buy new cars
In an effort to boost local car consumption southern China's Guangdong province has launched a new incentive.
Huawei's automaker partner Sokon gets more ammunition for product development
Chongqing Sokon, which has seen huge demand for its models following its partnership with Huawei, is now getting more capital to support its further growth.
Evergrande Auto unveils automated parking system
Automated parking, an important feature of smart cars, is important to every electric vehicle (EV) company. The EV company owned by China's largest real estate developer Evergrande Group has become the latest car company to release such a system.
Chery to release production version of its concept electric SUV in September
The Big Ant X will have a starting price of around RMB 160,000 ($24,750).
Xpeng debuts full exterior of G3i SUV, hints at multiple color options
Xpeng hinted that the model will be available in more colors, similar to what many Chinese smartphone manufacturers are doing now, and is expected to win over more young consumers.
US has fallen behind China, Europe in EV production, report says
Sales of electric vehicles (EV) are rising as public acceptance continues to grow. Yet for US producers, they appear to be slow to act.
Li Auto supplier Horizon Robotics to launch new self-driving chip soon
Horizon Robotics will soon launch Journey 5 with up to 128 TOPS of AI computing power on a single chip.
UBS cuts Tesla price target to $660, citing threats from Nio, Xpeng, BYD
Wall Street is starting to worry about Tesla's valuation amid the rapid rise of Chinese electric car companies including Nio, Xpeng Motors, and BYD.
Citi raises Nio price target to $72 from $58.3
Citi raised its price target on Nio by 23.5 percent, citing expectations for strong growth in the company's shipments.
Xpeng reportedly guides HK listing pricing at HK$165 per share
Xpeng Motors has guided its Hong Kong listing pricing at HK$165 per share, Bloomberg reported Wednesday. That sits below the company's previously announced maximum offering price of HK$180.