China eyes new measures to encourage consumption, including cars
Local governments will be encouraged to optimize auto purchase restriction measures, automakers will be encouraged to enter the rural market, and customers will be encouraged to do trade-ins.
Nio founder cites strong local supply chain as advantage for Chinese EV companies
Automotive brands around the world are basically looking for supply chains in China, including Tesla, Toyota, and Volkswagen, which is a huge advantage for local brands, William Li Bin said.
Li ONE sees 4,676 insurance registrations in November
The Li ONE, the only model of Chinese EV maker Li Auto, has accumulated 4,676 insurance registrations in November, making it the No. 1 SUV sold in China for the third consecutive month, according to the latest data.
Changan Nio in hiring spree as Changan advances high-end brand development
Changan Nio is hiring for a number of positions in Chongqing, Nanjing and Shanghai as it aggressively pursues the development of its premium brand.
After Tesla, Baidu also found to be misusing Xpeng's image
Everyone seems to be using Xpeng's images or video when promoting their navigation capabilities. After Tesla, Baidu is the latest to do so.
Xpeng plans to issue 48 million additional ADSs, up from 40 million previously planned
Xpeng priced its follow-on offering of the ADS at $45 each, representing a 7.6% discount to its last closing price of $48.69.
Tesla's Shanghai Gigafactory may soon begin production of Performance Model 3
Tesla has registered the Performance Model 3 to China's Ministry of Industry and Information Technology (MIIT), as well as the Zero-G wheels and new headlights for the electric car.
JP Morgan raises price target on Tesla from $80 to $90, but that's still 86% below current level
JP Morgan recommends investors not weight Tesla shares in their portfolio in equal proportion to the S&P because Tesla shares are "by virtually every conventional metric not only overvalued, but ramatically so."
Chinese regulator interviews 25 companies, including BYD, Geely, to strengthen quality of new energy vehicles
Nine models were found to have problems with battery capacity, discharge capacity after cyclic discharge, discharge protection value, and luggage compartment volume, which did not meet national standards.
Chinese company unveils concept electric motorcycle that can accelerate to 50 km/h in 2.9 seconds
It has an energy density of up to 285wh and an NEDC range of more than 130km.