Huawei says over 20 automakers support HiCar, aims to get 5 million cars pre-installed next year
At today's Huawei Developer Conference, Huawei Consumer Business CEO Richard Yu said that Huawei HiCar has already cooperated with more than 20 manufacturers.
Nio shares up by more than 7% as Deutsche initiates coverage with buy rating
The shares of Chinese EV maker Nio went up by more than 7 percent to $18.30 in early trading on Wednesday after getting a bull rating from Deutsche Bank.
Huawei establishes new company to focus on electric vehicle technology
Huawei Electric Technology Co. was established on September 8 with a registered capital of 250 million yuan and legal representative Wang Jun, Tianyancha data showed.
Chinese EV maker WM Motor partners with Qualcomm to adopt new cockpit platform in future models
WM Motor and Qualcomm today announced a partnership to support the adoption of Qualcomm-powered automotive digital cockpit and 5G experience in future models of the Chinese EV maker.
Chinese EV maker Li Auto throws down the gauntlet to Volkswagen over questioning
In response to Volkswagen executives' questioning about its technical approach, Li Auto has challenged the German auto giant and invited it to a direct comparison test.
Nio's William Li says Tesla is not 'insurmountable'
Tesla is a great car company, but it's not as “insurmountable” as it seems as Nio chases after it, Nio founder William Li Bin said in a September 8 video program.
Is it wise for Nio to enter the European market?
Nio recently raised $1.7 billion in capital markets. In addition to buying back a portion of Nio China stake, the funds raised will be used for high-level driverless systems and overseas market expansion.
Alibaba, Xpeng's largest outside shareholder, holds 13.3% of stake
As of August 26, Alibaba owned 19% of Xpeng's Class A common stock, or 13.3% of Xpeng's outstanding common stock, according to Alibaba and Xpeng's filings with the US Securities and Exchange Commission.
Nio CEO William Li says its charging stations are profitable
Nio founder and CEO William Li Bin said recently that Nio's home charging stations and 700 superchargers nationwide are currently profitable, adding that the company will deploy the second-generation battery swap stations next year.
Deutsche initiates coverage on Nio with buy rating and $24 price target
Deutsche Bank has initiated coverage on Chinese automaker Nio with a Buy rating and $24 price target, representing a 33 percent upside potential from Friday's close.
