Nio's Q1 revenue soars 482% year-on-year to RMB 7.98 billion, beating expectations
Nio posted revenue of RMB 7.98 billion yuan ($1.22 billion) in the first quarter, beating market expectations of 6.645 billion yuan and up 481.63 percent from 1.372 billion yuan in the same period last year and up 20.16 percent from the fourth quarter.
Smartphone maker Meizu hints it will announce its foray into car sector on Friday
Meizu posted a poster on Weibo on Thursday, hinting that it will announce its first partner in the automotive space tomorrow.
Nio's first second-gen battery swap station in Shenzhen goes into operation
After Nio's second-generation battery swap stations in Beijing, Guangzhou and Hefei went into operation, the electric vehicle company's first new-generation facility in Shenzhen went into operation on April 29.
Behind China's EV boom: No one wants to buy a used one
Sales of new energy vehicles in China reached 226,000 units in March, up 2.4 times year-on-year, but no one wants such models in the used car market, state-run media CCTV reported Wednesday.
Baidu to launch world's first fully self-driving Robotaxi service to public on May 2
Baidu said on Thursday that its Apollo self-driving Robotaxi will officially start regular commercial operations, and the public can start experiencing the world's first fully self-driving cab service from May 2.
China drafts rules to ban smart cars from sending collected data abroad
China drafts rules to ban smart cars from sending collected data abroad
Huawei denies seeking control of Arcfox and Jinkang
In response to reports earlier today that Huawei is seeking to take control of Arcfox of BAIC's BluePark New Energy and Chongqing Sokon’s Jinkang New Energy, Huawei said "there is no such matter."
Huawei reportedly seeks control of small carmaker to dive deeper into EVs
Huawei has been asserting that it won't get involved in building cars, but that doesn't mean the company isn't getting more deeply involved in the sector through mergers and acquisitions.
State media explains why Internet giants rushing into EV industry
Chinese Internet giants, including Baidu and Xiaomi, have announced their entry into the EV industry, and Chinese state-owned media People's Daily analyzed the reasons behind this in an April 29 report.
NeoPark by Nio and Hefei starts construction with initial investment of RMB 50 billion
After the NeoPark is completed, Nio can save RMB 3,000 per vehicle in logistics costs.