Nio falls 10% pre-market amid broad market sell-off, here is why
At press time, Nio was down 10 percent to $45.59. Between February 10 and Monday, Nio accumulated a 19 percent decline.
EV sales in China to grow by over 50% in 2021, says Canalys
A total of 1.9 million electric vehicles will be sold in China in 2021, an increase of 51 percent, accounting for 9 percent of total vehicle sales in China, data analysis firm Canalys said in a report published on February 22.
Xpeng stock lock-up period expires Tuesday
The 180-day lock-up period on shares of Chinese electric car maker Xpeng Motors expired February 22 EST, and they will be free to float from February 23.
Analysts expect US-listed Chinese EV trio deliveries to maintain high growth rate
"As the sales network continues to expand, we expect the new forces' deliveries to remain at a high growth rate," the report said.
Nio delays 100kWh battery flexible upgrade service by two months, says demand exceeds expectations
Nio said that the overall demand for the 100kWh battery is strong and has exceeded previous expectations, resulting in a short-term shortage of supply. Those who choose the flexible upgrade service will only be able to start booking in April at the earliest.
SAIC to hold developer conference in April, aims to build software ecosystem for cars
Chinese auto company SAIC announced on February 22 that it will hold a developer conference in April to invite car users and developers to build a smart car ecosystem on the SOA platform.
Xiaomi has over 800 auto patent applications
Rumors about Chinese smartphone giant Xiaomi's decision to build cars have attracted widespread attention recently. And in fact, Xiaomi already has a large number of car-related patents.
Li Auto aims to be No. 1 smart EV firm in China with 20% share by 2025
Li Auto's 20 percent market share corresponds to 1.6 million units of sales.
Nio's 2nd-gen battery swap station begins final testing, deployment expected to begin in April
William Li, founder, chairman, and CEO of Nio, and the company's president Qin Lihong were on site for the testing, proving the importance the company places on the next-generation battery swap station.
BYD Han series will soon be equipped with Huawei's HMS for Car
The BYD Han series will soon be equipped with Huawei's HMS for Car quick application services, Zhao Changjiang, BYD auto sales general manager, said on February 21 on Weibo.
