Xpeng shares up by over 6% after JP Morgan initiates coverage at 'buy' rating
Shares of Xpeng, Tesla's Chinese rival, jumped more than 6% Tuesday after JP Morgan analysts initiated their coverage of the stock at the equivalent of buy with a price target of $27.
BYD reportedly in talks to supply electric car chips to Daimler
Warren Buffett-backed BYD is allegedly in talks with Daimler to supply the latter with chips the company produces and uses in its own electric cars.
Tesla opens Chengdu-Lhasa charging route, allowing Chinese car owners to drive into Lhasa
Tesla said today that it has officially opened the Chengdu-Lhasa charging route with the opening of Tesla charging stations along China's National Highway 318, a route of approximately 2011 kilometers with two Supercharger stations and 11 destination stations, one for every 154 kilometers.
Nio president says 5G will definitely revolutionize autopilot
Communication is the new and necessary infrastructure to enable smart driving, said Qin Lihong, co-founder and president of Nio, adding that the move from 4G to 5G is a huge step forward and will certainly bring a revolutionary change in automated driving.
Chinese EV maker Nio named to Fortune's 2020 Change the World list
Chinese electric vehicle (EV) maker Nio has been named to Fortune's list of 100 companies changing the world in 2020 for launching BaaS (Battery as a Service), a battery rental service, making it the only automotive company on the list.
Li Auto to use NVIDIA ORIN chips in next-generation SUVs
Li Auto will use NVIDIA Orin chips in its full-size extended-range smart SUV to be launched in 2022, and is expected to be the first new energy vehicle company in China to develop a fully independent Level 4 self-driving system.
Nio to unveil NOP driver assistance and new energy replenishment program at Beijing Auto Show
Chinese EV maker Nio said today that on September 26, all Nio models will be exhibited at the 2020 Beijing International Automotive Exhibition, where Nio will announce an upgrade to Nio OS version 2.7.0, which will officially launch its Navigate on Pilot (NOP).
Nio's local rival WM Motor reportedly closes 10 billion yuan new financing round
Chinese EV maker WM Motor has completed its 10 billion RMB Series D round of financing, which was co-led by Shanghai State-owned Assets Investment Platform and Shanghai Automotive Industry Corporation (SAIC), with Baidu and SIG participating in the round, according to 36kr.com.
Li Auto hints at NVIDIA chip in its next car
Chinese EV maker Li Auto hinted on its WeChat account Monday that there will be a big chip-related announcement on September 22, and a video accompanying the Weibo post featured logos from NVIDIA and Li Auto, suggesting a deeper collaboration between the two companies.
Can battery swap bring spring to China's new energy vehicle market?
As a leading force in the new energy market, the Chinese market has never ceased to explore new energy markets. Among them, battery swap mode has become one of the more popular ones.
