Tesla begins hiring data security experts in China as compliance pressures mount
Tesla has begun hiring data security experts in China to address the increasing compliance pressure it faces.
Arcfox model equipped with 'Huawei Inside' sees first vehicle from Validation Build rolls off line
The starting price for this version is RMB 388,900 and the premium version is priced at RMB 429,900. They are expected to be delivered in November and December this year.
CATL says solid-state batteries still a long way from commercialization
CATL said the company is able to make samples of solid-state batteries, but the indicators show there is still a long way from commercialization.
Li Auto says global chip shortage could continue into next year
A global chip shortage could continue through the end of the year and even into early next year, Chinese electric vehicle maker Li Auto co-founder and president Shen Yanan said on Wednesday.
Li Auto Q1 revenue jumped 320% year-on-year to $545.7 million, beating expectations
Li Auto posted revenue of RMB 3.58 billion ($545.7 million) in the first quarter, beating Wall Street estimates of RMB 3.355 billion, according to the company's unaudited earnings report released Wednesday.
CICC sees China auto sector not far from inflection point as two major concerns gain marginal improvements
CICC said the marginal improvements are expected to drive sales and earnings higher in the auto sector in the second half of the year.
Li Auto says it has built team to handle overseas markets
Li Auto does have plans for overseas markets and is thinking seriously about them, Shen Yanan, co-founder and president of the Chinese electric car company, said Wednesday.
Li Auto CEO says 'more money is better' in response to secondary listing rumors
He said Li Auto doesn't mind getting its capital reserves in any way it can, including secondary market financing, bank loans and debt issuance.
China steps up EV push in public sectors
China will start letting local cities apply to participate in a full-scale electrification pilot and study support policies in the hope that electrification of the public sector will boost private consumption.
Tesla says it has built data center in China to store all local data
All data generated from vehicles sold in the Chinese mainland will be stored locally, the company said.
