Nio tops China's all-electric SUV market in April with 23% share
Nio was the top-selling brand in China's all-electric SUV market in April with a 23 percent market share, higher than Tesla's 17 percent, WM Motor and Xpeng Motors' 7 percent.
Nio's battery rental service BaaS called world-changing idea in new ranking
For Nio, the battery rental service BaaS (Battery-as-a-Service) was a major gamble on its fate. Now, as the model achieves initial success, it is becoming increasingly recognized.
Chinese self-driving startup WeRide closes Series C round, valuing it at $3.3 billion
WeRide is currently conducting unmanned testing in China and the US to prepare for the final step of test validation for the operation of driverless minibuses.
Li ONE tops insurance registrations among Chinese new energy SUVs in April, ahead of Model Y
Without the temporary production line shutdown, the Model Y would have seen the highest insurance registration in the Chinese new energy SUV market in April.
Evergrande Auto parent sells 2.66% stake at 20% discount
With this move, Evergrande Auto's top 20 shareholders' shareholding dropped below 90 percent, satisfying the necessary conditions to allow it to enter the Shanghai-Hong Kong Stock Connect.
Tesla halts accepting payments in bitcoin, citing environmental concerns
Tesla is also looking at "other cryptocurrencies that use <1% of Bitcoin's energy/transaction."
China drafts rules to strengthen regulation of vehicle data collection
As China's smart car industry grows rapidly, regulation is actively following it up.
China's April power battery installations at 8.4 GWh, down 7% from March
CATL remained in the first place, with an installed base of 3.82 GWh in April and a market share of 45.5 percent. Notably, this is the first time CATL's market share has fallen below 50 percent this year.
China auto association expects chip shortage may last until January next year
The CAAM said that the tight supply of components, including chips, will continue to affect the production pace of car companies, which are expected to be affected more in the second quarter than in the first quarter.
Tesla reportedly suspends expansion of Shanghai plant
The project covers an area of 461,100 square meters and is owned by the Shanghai Lingang District Management Committee. The site's auction failed several months ago when there was only one bidder, the report said.