GAC Nio establishes $1 billion fund to support partners
GAC Nio, the joint venture between Chinese carmakers GAC Group and Nio, announced on September 16 that it is launching the GAC Nio Smart Mobility Ecological Fund in conjunction with Xin Ding Capital, with an initial fund size of $1 billion to provide financial and resource support for companies in the ecosystem.
Geely unveils battery swap station in major endorsement of Nio-led technology route
As a major endorsement of the Nio-led battery swap model, Geely Technology Group announced its battery swap model for the first time at a press conference in Chongqing today, and plans to complete construction of 35 battery swap stations in the city this year.
Man sentenced to about $44,400 fine, public apology for publishing fake news about Nio bankruptcy
A Shanghai court recently ordered a man, who published a false story late last year that Chinese EV maker Nio was negotiating a bankruptcy and liquidation with law firms, to pay Nio 300,000 yuan ($44,400) in damages and to publicly apologize for at least 90 days, according to Tencent Auto.
Tesla says repair error allowed Chinese owner to remotely control others' Model 3
In response to the problem of other people's vehicles appearing in a Chinese Model 3 owner's Tesla app, the car maker responded on Tuesday that it was due to maintenance staff mistakenly entering the vehicle identification number in the on-board computer.
Nio's factory boasts up to 97.5% automation rate
The body shop at the Anhui JAC factory of Chinese EV maker Nio is automated to a 97.5% level, allowing the body shop, which is capable of rolling out 20 complete vehicles an hour, to be operated by only a dozen workers, according to local media Anhuinews.com.
Analysts expect strong sales in China's new energy vehicle market in H2
Huachuang Securities analysts are optimistic about the fundamentals of the Chinese auto industry, and is optimistic about the new energy flagship models of independent and new energy vehicle startups this year, and the models that explode accurately cut consumer demand.
Baidu's Robin Li: Autonomous driving will be commercially available in 5 years
Baidu Chairman and CEO Robin Li predicted that in five years' time, automated driving will be fully commercialized, greatly reducing congestion and eliminating the need for car purchase and traffic restrictions.
Li Auto gets first CTO in charge of smart car technology R&D
Chinese EV maker Li Auto today announced that Wang Kai, the former global chief architect of American automotive electronics supplier Visteon, has been named its first chief technology officer with overall responsibility for the company's smart car-related technology development and mass production work.
Another Chinese user reports Tesla app bug allows him to manipulate someone else's Model 3
A Chinese Tesla owner said on Weibo today that when he opened the Tesla App, instead of seeing his Model 3, someone else's vehicle appeared.
Evergrande's car making arm announces HK$4 billion in funding from investors including Tencent
Evergrande NewEnergy Vehicle Group, the car making arm of China's biggest property developer China Evergrande, announced on September 15 on the Hong Kong Stock Exchange that it has raised approximately HK$4 billion in new funding.
