BYD said to launch new high-end model in Q4, priced at up to $125,400
A BYD executive did not give more details about the car, but said it was "enough to make people not want to take their eyes off it at first sight."
Chinese regulator gives Tesla backing in response to user's questions about single-pedal mode
The single-pedal mode is not unique to Tesla, and users should familiarize themselves with the technical characteristics of new energy vehicles, said the Ministry of Industry and Information Technology.
Leapmotor delivered 3,195 units in May, up over 12 times from a year ago
Leapmotor delivered 3,195 units in May, up 1,226 percent from a year ago and 15 percent from April.
Citi upgrades Nio to Buy, raises price target to $58.3
Citi's price target implies the bank sees 51% upside for Nio shares, which were closed at $38.62 as of Friday.
Xpeng delivered 5,686 units in May, up 483% from a year ago
Xpeng delivered 3,797 units of the P7 sedan in May, the highest monthly delivery record since the mass delivery in July 2020.
Nio delivered 6,711 vehicles in May, up 95.3% from a year ago
Nio delivered 6,711 vehicles in May, up 95.3 percent from a year ago, but down 5.5 percent from April.
Jidu Auto, Baidu's car-making arm, will price its first model at over $31,400
The company's first car will be unveiled at the 2022 Beijing auto show. Optimistically, reservations could be made available within the next year.
Auto chip shortage expected to ease as Renesas plant set to return to full capacity by mid-June
Renesas holds nearly one-third of the global market share for automotive microcontroller chips, and the March fire hit global automotive production hard.
Nio unveils second route of Power Up Plan with 12 destination charging stations
Nio said Tuesday it has opened the second line under the plan - a route covering the mountainous regions of southwestern China from Chengdu via China's National Highway 318.
Qihoo 360 starts hiring for car business, aims to build models priced at about $15,700
China's largest cybersecurity company is accelerating its plans after announcing last month that it is joining forces with electric car startup Neta Automobile to build cars.