Chinese city Chongqing to subsidize up to $78,000 for each battery swap station
If Nio is able to take advantage of this subsidy from Chongqing, its battery swap station construction costs in the city will be significantly reduced.
Arcfox model equipped with 'Huawei Inside' have seen orders exceed 1,000 units
Arcfox unveiled the Arcfox α-S last month, with the higher-spec version featuring the Huawei Inside solution. Now, according to the latest report, orders for this model have exceeded 1,000 units in only one month.
Huawei said to target selling 300,000 cars next year
Huawei Consumer BG CEO Richard Yu has set a goal of selling 300,000 cars next year, and the company plans to sell cars in 200 stores by the end of July, increasing such stores to more than 1,000 by the end of the year, according to Tencent News.
Richard Yu, man who made Huawei's mobile business hugely successful, becomes CEO of tech giant's smart car division
After Huawei shifted its business focus from cell phones to automobiles, Yu is the single most important spokesperson.
Nio signs long-term strategic co-op deal with China's leading tourism group
The two sides plan to cooperate in charging, battery swap facility construction, and charging resource sharing to create a charging experience that is "more convenient than refueling", according to Nio.
Geely, Farasis Energy to set up power battery joint venture
The battery joint venture has a registered capital of 1 billion yuan ($155.6 million), with Geely holding 65 percent and Farasis Energy holding 35 percent of shares.
Nio's first ET7 from Validation Build rolls off line
Nio's first ET7 sedan from Validation Build has rolled off the production line on May 13, marking another step closer to mass production of the model.
Shanghai's NEV sales surged 3.5 times in past six months
A new traffic rule announced six months ago has boosted new energy vehicle (NEV) sales in Shanghai significantly.
Latest accident involving Tesla leaves one traffic officer dead and one injured
A Weibo blogger said he guessed that the cause of the accident was that the owner may have taken the assisted driving feature for self-driving, although this was not officially confirmed.
Lifan, once on verge of bankruptcy, sees first battery swap-enabled MPV roll off line
Now the company has been reborn after a restructuring and has announced the launch of its first battery swap-enabled mass-produced model.
