Nio's second plant has begun construction, production to begin in Q3 2022, CEO says
"It's very fast, and I looked at it yesterday and the plant has already started building the structural part," Li said.
Xpeng CEO says smart electric cars should be priced at least $23,500 to make a profit
"Even in 2025, the minimum price for a company that wants to make a gross profit on a smart electric car is RMB 150,000 yuan."
Nio App wins award for its user experience
The Nio App, which offers rich functionality in a simple interface, has won a new award for the Chinese electric vehicle company.
Baidu sets up new company for its car-making business, with registered capital of about $313 million
On June 7, Jidu Technology Co was established with a registered capital of 2 billion yuan ($313 million), according to information from data provider Tianyancha.
BYD's advice to Xiaomi on building cars: Don't waste money, more importantly, time
"The point is that the three years you are prepared to invest cannot be bought with money. Losing RMB 5 billion may not be a big deal if the strategy is going in the wrong direction, but losing three years of time is significant."
Tesla Model Y ranks second in NEV sales in China in May
The Tesla Model Y came in second with 12,728 sales, and the Model 3 was third with 9,208 sales.
China accounts for 47% of global new energy vehicle sales in Jan-April
In 2018 and 2019, more than half of global new energy vehicle sales come from China. In 2020 with the impact of Covid-19, China's contribution declined. Now, with the rapid growth of the market, China has regained its share.
Dongfeng Motor's premium electric SUV, Voyah FREE, will begin deliveries on July 29
The model is available in an all-electric version as well as a version with extended-range technology similar to the Li ONE.
Nio's 250th battery swap station comes online, halfway to this year's goal
Nio will have to build 250 battery swap stations in the remaining 205 days of the year to meet its target, an average of one every 0.8 days.
Great Wall Motor sold 3,597 NEVs in May, down 52% from April
The vehicles all came from Ora, the company's electric car brand focused on the female user segment.
