CICC expects Li Auto to enter period of high growth from 2021
Li Auto has passed the 0-1 stage and is now entering the 1-10 stage, with a high growth period starting in 2021, China’s top investment bank CICC said in a report released February 26.
Huawei denies making its own-branded EVs, says strategy remains unchanged
In response to media reports that it plans to build its own brand of electric vehicles, Huawei denied it, saying its strategy has not changed.
Shipping info sparks speculation Nio may build showroom in US
A shipping document posted on Reddit shows that Nio sent a total of 40 tons of cargo to the United States, sparking speculation that the Chinese electric car maker may be setting up a showroom in the country.
CATL plans to invest up to $1.6 billion to expand its power battery production line
CATL, China's largest automotive lithium-ion battery maker, plans to invest up to RMB 10.5 billion yuan ($1.6 billion) to expand its power battery production line in Jiangsu Province.
Geely, Volvo abandon full merger
Geely's announcement claimed a "merger" between the two, but the content of the announcement showed that Geely and Volvo have essentially abandoned the previously anticipated full merger proposal.
Li Auto Q4 revenue beats expectations, net profit turns positive for first time
Chinese electric vehicle maker Li Auto reported revenue of RMB 4.15 billion yuan in the fourth quarter of 2020, above market expectations of RMB 3.793 billion and up 65.2 percent from RMB 2.51 billion in the previous quarter.
Geely will reportedly base its EV unit production in Hefei -- home to Nio's factory
Hefei is home to Nio China's headquarters, and Nio's cars are currently produced at a manufacturing base jointly built by the company and JAC Motors.
Geely says it won't rule out spin-off of its pure electric vehicle business
"Because of the vital importance of smart electric cars for Geely, we must be the industry leader. Geely also has some plans that will be released at an opportune time in the future," said Geely CEO.
Nio Capital leads $20 million funding for VR firm NOLO VR
NOLO VR is the only mobile VR hardware brand in the world other than Oculus that owns one of the most core key technologies of VR - 6DoF interaction technology.
Shanghai gives local EV industry another policy push, lists goals for next five years
Shanghai, the city where Tesla's Gigafactory in China is located, is further increasing its support for new energy vehicles.
