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.
SAIC to follow Nio in launching 'battery bank'
SAIC will soon launch a "battery bank" to support the body-battery separation model, with a unified battery pack to be introduced by the end of this year or early next year.
China's largest cybersecurity firm explains its choice of car-making partner: We have no choice because Nio, Xpeng, Li Auto are already public
Those with successful financing, mass production and deliveries, and annual sales of over 10,000 are a rarity, with only Nio, Xpeng Motors, Li Auto, Leap Motor, Neta, and WM Motor.
BYD to spin off semiconductor business for A-share listing
BYD Semiconductor was established in October 2004, and BYD directly holds 72.3 percent of the shares, making it the controlling shareholder of the company.
China's state media says smart EV industry seeing explosive growth
The People's Daily said that at this year's Shanghai auto show, for the first time, smart electric cars are no longer just a concept, but perceptible mass-produced products.
Tesla China sales in April at 25,845 units, down 27% from March
In a month where Tesla's image in China was severely tarnished, the company's sales here remained high, despite a decline from March.
Nio signs deal with southern Chinese city, aims to ditch fossil fuels in Xisha Islands' travel scenario
Under the agreement, Nio will provide Sansha with a fleet of smart electric vehicles and invest in charging and storage facilities.
Polestar to use blockchain technology to trace origin of raw materials
Polestar entered into a strategic partnership with blockchain technology company Circulor on May 11, aiming to use blockchain technology to trace the origin of raw materials.
China's new energy passenger vehicle sales stand at 163,000 units in April，down 12% from March
Wholesale sales of new energy passenger vehicles stood at 184,000 units in April, down 8.7 percent from March and up 214.2 percent year-on-year.
Deutsche Bank cuts Xpeng price target to $43 from $48 ahead of Q1 earnings
Xpeng closed down 4.61 percent to $25.46 on Monday amid a broad market sell-off, down about 58 percent from its recent high of $60.04 in late January.