Nio built 7 new battery swap stations in January, plans 12 more in next 10 days
Late last month, Nio said it had 179 battery swap stations, 101 Superchargers, 820 superchargers, and access to more than 360,000 third-party charging posts as of January 21, 2021.
Nio defies Tesla Model Y price cuts in China and delivers record 7,225 units in Jan
The deliveries consisted of 1,660 ES8s, a 6-seater and 7-seater flagship premium smart electric SUV, 2,720 ES6s, a 5-seater high-performance premium smart electric SUV, and 2,845 EC6s, a 5-seater premium electric coupe SUV.
Tesla blames China's power grid for vehicle failure and then apologizes
Tesla blamed State Grid of China for a vehicle charging malfunction, a common practice that brings the US electric car company back into the spotlight by first skimming off the blame in the face of problems.
Xpeng delivers 6,015 units in Jan, up 470% year-on-year
This is the first time that Xpeng has delivered more than 6,000 units per month, setting a new record for the third consecutive month and growing at more than 100% year-on-year for the seventh consecutive month.
State Grid plans to spend $350 billion over next 5 years to upgrade its grid
China's state-owned electric utility State Grid plans to invest an average of more than US$70 billion annually over the next five years to upgrade its power grid to the energy Internet.
Despite being a billionaire, Nio founder still lives in a rented apartment
The apartment is small and rents for about 10,000 yuan ($1,556) a month, which Li says is "small but expensive".
Xpeng chairman says more than 20 percent of users buy NGP features
He also talked about his previous war of words with Tesla CEO Elon Musk, saying that Chinese companies are more efficient and innovate faster to make Tesla feel uneasy.
VOYAH FREE, a Li ONE competitor, begins trial production
The mid-size SUV is already available for reservation and is expected to be delivered in the third quarter of this year, with an expected price of no more than RMB 400,000 ($61,900).
Xpeng's chairman says he once made enough money on stocks including Tesla to buy two or three planes
"By the end of 2019 to the beginning of 2020, I made enough money to buy two or three planes, but then I've been putting it into my startup," he said at the GeekPark Innovation Conference 2021.
Morgan Stanley initiates coverage on Xpeng with Overweight rating and $70 price target
The analyst is bullish on Xpeng's long-term growth prospects in China's electric vehicle market, where it has taken first-mover action in developing the full range of in-vehicle and autonomous driving systems.