BlackRock, world's biggest asset manager, increases its position in Nio by 15%
Nio shares rose 156% in the fourth quarter, peaking at $57.20. The stock was traded at $56.67 as of the market close on Friday.
Nio's William Li says the EV maker hopes to have its own piece of market, citing China's Three Kingdoms era
Referring to his goal, Nio's Li quoted the famous Three Kingdoms era in Chinese history, and his words, if translated directly, were "The world is divided into three kingdoms, and we want to be one of them."
Li ONE gets V2.0.30 software update with new Smart Follow feature
Li Auto started to push a V2.0.30 software update to Li ONE owners from February 4, adding new features including Smart Follow.
Xpeng files patent for in-car gaming
Chinese electric car company Xpeng Motors (NYSE: XPEV) on February 5 disclosed a patent for the invention "a method and apparatus for controlling in-car games," according to data provider Tianyancha.
BYD Han EV's OTA upgrade brings new automatic parking assist system
BYD announced on February 5 that it is bringing the Vision Fusion Automatic Parking Assist System to Han EV customers in China via an OTA upgrade.
Tesla launches Enhanced Autopilot option in China for half the price of FSD
Tesla opened the Enhanced Autopilot (EAP) option in China on February 5 at a price of RMB 32,000 ($4,943), half the price of Full Self-Driving (FSD) in China.
Tesla recalls 36,126 imported Model S and Model X vehicles in China
The recall includes 20,428 units of some imported Model S vehicles with production dates between September 18, 2013 and February 20, 2018, and 15,698 units of some imported Model X vehicles with production dates between March 12, 2016 and February 16, 2018.
BYD Han sells 12,103 units in January, above 10,000 for 3 consecutive months
Sales of the model increased 0.12 percent in January compared to December, and 52,659 units have been sold since its launch in July 2020.
Meituan's founder said to have once borrowed $285 million from Goldman Sachs to invest in Li Auto
Wang Xing, the founder, and CEO of China's online service super-app Meituan, at one time, pledged his shares in Meituan to Goldman Sachs and borrowed $285 million to invest in Chinese EV maker Li Auto, according to a veteran media personality.
BYD reportedly to build electric super coupe
Chinese automaker BYD is said to be building an electric super coupe, internally codenamed R2, with very high power performance and a sports car look, according to Autohome.
