Nio builds joint lab with one of China's best universities
USTC's research strength in China is almost comparable to that of Tsinghua University and Peking University. The university is located in Hefei, Anhui Province, which is also home to Nio China's headquarters and the JAC Nio facility.
Li Auto delivers 5,539 vehicles in April, up 13% from March
Li Auto saw its 50,000th delivery of the Li ONE in April, bringing the model's cumulative new vehicle deliveries to 51,715 by the end of April, 17 months after it began deliveries in December 2019.
Xpeng delivers 5,147 vehicles in April, up 0.88% from March
Compared to the same month last year, Xpeng's deliveries were up 285 percent, marking the 10th consecutive month of year-on-year growth of more than 100 percent.
Nio delivers 7,102 vehicles in April, down 2% from March
Nio delivered 7,102 vehicles in April, down 2 percent from March, as chip shortages put constraints on its production capacity. The figure was up 125.1 percent from a year ago.
JP Morgan calls Nio's Q1 results 'clean beat' during industry headwinds
JP Morgan reiterated its Overweight rating on Nio and its $70 price target, about 80 percent above the stock's Thursday close of $38.99.
Hainan to offer incentives of up to about $1,550 to consumers who buy new energy vehicles
On top of the subsidies that car companies receive for the sale of new energy vehicles, China's southernmost province of Hainan is giving additional rewards to consumers who buy such models in an effort to boost auto consumption.
Xpeng builds 13 charging stations along route from Chengdu to Lhasa
Although the area is sparsely populated and sparsely traveled, electric vehicle companies don't want to forget about their customers here.
Tesla opens superchargers to Chinese users for free on May Day holiday, offers 45 days of free EAP access
As the May Day holiday in China approaches, Tesla is offering holiday benefits to owners.
Nio earnings call: Chip shortage, ET7, LFP batteries, and more
William Li is confident about Nio's position in the market, saying that in the high-end market there is no brand that can compete fully with Nio, including products, services, and user communities.
Nio expects to deliver 21,000 to 22,000 vehicles in Q2
Despite continued supply chain challenges, chip and battery supply shortages don't appear to be affecting Nio as badly as expected, as the Chinese electric car company continues to give strong second-quarter delivery guidance.