Xpeng announces RMB 500 million strategic investment from Guangdong govt-backed fund
Xpeng Motors (NYSE: XPEV) announced today that it has received a strategic investment of 500 million yuan ($77 million) from the Guangdong Provincial Industrial Development Fund.
Tesla to ramp up parts capacity in preparation for Shanghai plant capacity expansion
Tesla's Shanghai Gigafactory has made content changes to a project that plans to boost production capacity for components including powertrain, die-cast integrated base plates, and motors.
ID.4 CROZZ, FAW-Volkswagen's first electric SUV, to begin deliveries on March 20
The model is available in five versions, with a subsidized price range of RMB 199,900 ($30,745)–RMB 279,900. It is available in three NEDC range versions: 400km, 500km, and 550km.
Xpeng says it surpasses 50,000 cumulative deliveries
Chinese electric car company Xpeng Motors (NYSE: XPEV) announced Friday that it has surpassed 50,000 cumulative deliveries.
CICC expects Chinese EV trio's stock price to go upward, but cuts Nio and Li Auto price targets
CICC cut its price target on Nio by 27% to $62 from the previous $85, saying this is due to the pullback in Tesla as a "valuation anchor" for EV makers. It also lowered its price target on Li Auto by 12.5% to $35 from $40.
Huawei achieves mass production of its own electric vehicle motors
The permanent magnet synchronous motor model TZ210XY584 has a peak power of 230kW, which is close to the highest level of the MIIT new energy model recommendation catalog.
Analyst who called 'buying opportunity' on Nio's decline reiterates 'Buy' rating
By Thursday's close, Nio's $46.03 stock price had essentially regained the $46.11 level it opened at on March 2, forming a perfect V-shape.
SAIC Roewe considers battery swap-enabled models for mass market
In addition to offering battery swap-enabled models for the cab market, SAIC Roewe is also considering offering such models for the average consumer, providing a new endorsement for a model strongly advocated by Nio.
Chip shortage affects about 5-10% of China's Q1 auto production, association says
Chip shortages are a major challenge for China's auto industry today, but their impact is limited and expected to ease soon, according to an industry association.
China to further strengthen quality supervision of NEV industry
China will further strengthen quality supervision of new energy vehicles to promote the industry's development with higher quality, according to the official Chinese media Xinhua News Agency.
