Nio's 100,000th vehicle, an ES8, rolls off production line
Nio's 100,000th mass-produced vehicle, a blue ES8, rolled off the production line at its manufacturing base in Hefei, Anhui Province on April 7.
Nio's William Li says confident that sales in Chinese market will exceed 1 million
William Li, founder and chairman of Nio, said he is confident that the Chinese electric car maker will become the smart electric car brand with sales exceeding 1 million in China.
Xpeng said to be developing its own chip, expected to tape out as early as year-end
Xpeng Motors has launched its own chip project several months ago, working simultaneously in China and the US to focus on a dedicated chip for autonomous driving, 36kr reported Wednesday.
Li Auto to issue up to $750 million in convertible notes, shares fall 4% after hours
Chinese electric car maker Li Auto announced plans Monday to issue up to $750 million in convertible senior notes due 2028 , its first capital markets financing so far this year.
Xiaomi says its cars will be priced in RMB 100,000-300,000 range
Xiaomi's phones are highly competitive for their strong performance at low prices, and now its fans want the company to bring that tradition to the car segment as well. The company seems inclined to heed this user suggestion.
Analysts say China's smart car industry's 'Warring States Era' has just begun
With the addition of technology companies, the "Warring States Era" of China's industry has begun, the analysts said.
BYD sells 24,218 NEVs in March, up 134% from February
Warren Buffett-backed Chinese electric car company BYD's new energy vehicle sales in March were 24,218 units, up 134% from February and 98% year-on-year.
Another Chinese tech giant gets in! Didi has reportedly launched car-building project
For Chinese tech giants, there seems to be no one who doesn't want to enter the car-building arena, lured by the huge popularity of car-making newcomers, including Nio.
China registers 9.66 million new motor vehicles in Q1, record high for the same period
As of March 2021, China had 378 million motor vehicles, including 287 million cars.
Xiaomi applies trademark for its car business
Xiaomi announced its entry into the smart electric vehicle market on March 30, with an initial investment of RMB 10 billion and an expected investment of $10 billion over the next 10 years.
