Xpeng CEO says pricing above $23,500 is necessary to build smart EVs, Qihoo 360 founder disagrees
If a company can't build a smart car at pricing below RMB 150,000, that means 70 percent of major Chinese consumers can't afford one, which could lead to smart cars becoming a niche product.
China achieves experimental power generation from dry thermal rock
China successfully achieved a dry-thermal-rock test power generation in the Matouying, Tangshan, Hebei dry-thermal-rock exploration area, the latest development in the country's clean-energy development.
Chinese EV makers speed up hoarding war chests
Nio CEO William Li was recently quoted by Securities Daily as saying that the real competition in the smart electric vehicle industry has not yet begun, and there is still a need to raise enough capital to lay the groundwork for future competition.
Nio's largest energy replenishment site in China goes into operation
Nio's energy replenishment site including a second-generation battery swap station and 50 supercharging piles in Chongqing became fully operational on July 3.
Nio Day 2021 will be held in one of these three cities
Nio announced on Saturday that Hefei, Suzhou and Xi'an have been nominated by the Nio Day 2021 organizing committee as candidates to host the event.
HKEx to launch Xpeng stock options contracts on the day of its listing
Xpeng Motors' shares are expected to start trading in Hong Kong next week, and the HKEx will launch stock options contracts on the same day it goes public.
Tesla delivered record 201,250 vehicles globally in Q2
That was below analyst estimates of 204,160 in a Bloomberg survey and the FactSet consensus of 207,000, but above the 200,258 in a Reuters poll.
Li Auto rumored to launch MPV
Li Auto is going to launch an MPV model to expand its product matrix, autohome.com.cn reported Friday.
Analysts call Nio-backed Uxin China's 'Carvana' in the making
The investment in Uxin will further improve Nio's position in the car trading scenario, and together with Nio Capital, it will bridge the company's possibilities for cooperation with Nio, bringing more imagination to Uxin's development.
Chery's legendary model to get an EV version, possibly competing with Mini EV
As a model released about a decade ago, Chery's QQ is seen as China's first model aimed at young people. With a price tag of less than RMB 50,000 ($7,720), it became popular and has become a legend over the years.