Tesla's Q1 revenue in China jumped 238% year-on-year to $3.04 billion
China continues to be Tesla's second-largest market globally, but the gap with the size of the US market narrowed further.
Shanghai auto show concludes with 128 car debuts
The show attracted the participation of more than 1,000 well-known global auto exhibitors, displaying 1,310 vehicles.
CATL reports 2020 net profit of $861 million, 50% market share in China
CATL's installed capacity of power batteries was 31.9 GWh, accounting for 50% of the Chinese market.
With over 3,000 patents in hand, it wouldn't be surprising if OPPO confirms plans to build cars
Earlier today there was report that smartphone giant OPPO is preparing a car-making project. In fact, this does not seem to be a surprise, judging from the patents the company has obtained in the automotive field.
Nio said to have started development of new, lower-priced model
Nio has started the development of a new model in Hefei, where its China headquarters is based, positioned below its existing SUVs and sedan, 36kr said Wednesday, citing industry sources.
Nio confirms it will enter Norway
After months of speculation, Chinese electric car company Nio has finally confirmed its first stop into overseas markets - Norway.
Nio said to launch lithium iron phosphate battery pack to cut costs
After Tesla and Xpeng Motors, Nio may also start using the lower-cost lithium iron phosphate batteries.
Chinese TV giant Skyworth aims to be one of world's top 10 EV makers
In terms of market capitalization, Tesla is number one, BYD is number two, and several new carmakers are in the top 10, Skyworth founder noted, adding that the growth of Chinese electric car companies is unstoppable.
Nio's first second-gen battery swap station in Hefei, where its China headquarters is located, goes live
After the opening of the first second-generation battery swap station in Hefei, Nio is about to have a busy day.
Huawei reportedly sets up special project group for auto business
Smart cars require more investment in product planning, channel sales, and other services, and there will be more product launches with car companies in the future, so a separate project team is to be set up.
