China's NEV sales exceed 700,000 units from January-April
The production of new energy vehicles was 750,000 units, up 2.6 times year-on-year, and sales were 732,000 units, up 2.5 times year-on-year.
Deutsche Bank cuts Li Auto price target to $27, says EV maker shows encouraging signs but not game-changing
Edison Yu's team maintained a Hold rating on Li Auto but lowered its price target by $5 to $27 amid the broader re-rating in EV-related assets.
Xpeng releases 'OTA chronicles', has rolled out 23 major updates
Xpeng P7 is about to receive a major new version of the OTA upgrade, with the Xmart OS version number upgraded to 2.6.0.
China has added 21,000 charging pile-related firms this year
New energy vehicles are one of the hottest topics in China right now, and in addition to Internet companies jumping on the car-making bandwagon, the number of companies providing infrastructure is also growing rapidly.
Chinese EV startup Enovate Motors unveils design of its second model
The new car is designed by a team headed by former Porsche designer Hakan Saracoglu and is expected to go on sale in the third quarter of this year.
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.