Tesla Shanghai Gigafactory phase 1 completed, new lower-priced model may be coming to mass production
The first phase of Tesla's Shanghai Gigafactory project has been fully built, Beijing News said Wednesday, adding that it could mean the company's new lower-priced models will begin mass production.
Nio's next stop overseas could be Germany as it's hiring general manager for local operations
With Nio's vehicle deliveries in Norway expected to begin in two months, speculation has begun as to where its next stop overseas might be, and Germany has come into sight.
Xpeng reportedly has decided on site for Wuhan production facility
The site for Xpeng's production base in Wuhan was confirmed in late June when it bought an industrial site in Wuhan Economic and Technological Development Zone for RMB 212.51 million ($32.9 million).
Nio's 301st battery swap station comes online, first this month
Nio put battery swap stations into operation at an unprecedented rate in the second half of June, bringing the number of such facilities to 300 by the end of the first half of the year. Heading into July, Nio's moves slowed down.
Nio starts shipping battery swap stations and superchargers to Norway
Nio's first battery swap stations and superchargers have begun shipping to Norway and are expected to arrive in early August, marking the company's latest progress in expanding into overseas markets.
Nio's OEM JAC sold 11,653 EVs in June, up 165% from a year earlier
In June, JAC sold 41,111 units of all vehicles, down 0.7 percent from a year earlier.
Tesla begins using locally produced motors in models built in China
Tesla wants to use as many local parts in China as possible to reduce costs. Now, motors, one of the most critical components of electric vehicles, are also being supplied locally.
CICC expects 70,000 units of Nio ET7 to be delivered next year
A month ago there were rumors that Nio has a delivery target of 50,000 units for its flagship sedan ET7 in 2022, which, in analysts' eyes, is conservative.
Xpeng stock closes flat in HK debut
Xpeng Motors moved quickly lower at the beginning of its Hong Kong trading, but then rebounded to close flat at the issue price.
Xpeng CEO expects China's NEV penetration to reach 30% by 2025
China's NEV penetration could reach 30 percent by 2025, and even 60 percent in first-tier cities where there are restrictions on car purchases, he said.
