Nio says buyback of Nio China shares has nothing to do with the latter's IPO
Chinese electric carmaker Nio recently bought back and increased its stake in Nio China at a total cost of RMB 15.5 billion ($2.4 billion), which was seen by some as a move to prepare for Nio China's IPO. However, Nio has denied this.
Xpeng P7 said to have spontaneously combusted on the street, first for the model
A video showing an Xpeng P7 in a spontaneous combustion accident on the street went viral among Chinese Internet users on February 7. If true, this would be the first spontaneous combustion accident for the Xpeng P7 since its launch.
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.