Nio, Xpeng reportedly have filed for secondary listing in Hong Kong
Nio and Xpeng Motors have submitted listing applications to the Hong Kong Stock Exchange, while Li Auto has not yet submitted an application, local media cls.cn said, citing sources familiar with the matter.
Nio's first destination charging station in Macau goes into operation
The first Nio destination charging station in Macau, which is also the electric vehicle company's 328th destination charging station, has been put into operation.
Nio says chip shortage exceeds previous estimates, actively coordinating supply chain resources
An unnamed Nio source told the China Securities Journal that the chip shortage exceeded previous forecasts, and it is still closely monitoring the supply situation and actively coordinating supply chain resources.
Xpeng completes 3,000 km NGP challenge with over 90% success rate on most roads
Chinese electric vehicle company Xpeng Motors announced Saturday that it has completed the 3000km Navigation Guided Pilot (NGP) long-distance challenge, with a success rate of over 90% on most roads.
Nio says plant able to resume normal production after temporary shutdown ends
"We were informed that the equipment renovation of the production line will be done next week along with the Tomb-Sweeping Day holiday," the report quoted an Nio source as saying.
Baidu Apollo reportedly joins forces with local manufacturer to develop LiDAR for its 5th-gen Robotaxi
Baidu's autonomous driving platform Apollo has partnered with Chinese LiDAR company Hesai Photonics Technology to develop a LiDAR for use in Baidu's fifth-generation self-driving Robotaxi.
Chinese consumers' willingness to buy local-brand cars rises, report says
The proportion of potential consumers who tend to buy new energy vehicles rose from 3% in 2018 to 16% this year, the report showed.
Nio suspends production for 5 working days due to chip shortage
Nio expects to deliver approximately 19,500 vehicles in the first quarter of 2021, down from the previously released outlook of 20,000 to 20,500 vehicles.
Faraday Future announces nearly $100 million in debt financing
US-based electric car company Faraday Future (FF) announced Friday that it has raised nearly $100 million in debt financing led by Ares with participation from existing lenders including Birch Lake.
'Xiaomi Motors' trademark registered by another firm even before Xiaomi decides to build cars
Xiaomi has yet to officially announce its intention to start building cars, the trademark for "Xiaomi Motors" has been registered by another company.