Factbox: Meituan is Li Auto's second largest shareholder with 14.5% stake
Five-year-old Chinese EV player Li Auto filed a prospectus with the SEC yesterday in preparation for its listing on the Nasdaq under the symbol "LI". Once Li Auto goes public, it will become the second Chinese smart electric car company to go public in the U.S. after Nio.
Shanghai opens first downtown area autonomous driving test zone
Shanghai's first open test road for autonomous driving in the central city is unveiled, with a planned mileage of 30.6 km, involving 10 roads in the Jinqiao area.
Nio's local rival Li Auto files for US IPO of up to $100 million
Li Auto, a Chinese electric vehicle maker and Nio's major rival, today filed a prospectus with the U.S. Securities and Exchange Commission for a Nasdaq IPO that will raise up to $100 million with the stock symbol "LI".
Tesla produced 49,800 Model 3s in China in first half of the year
China-made Tesla Model 3 production in the first half of the year was 49,800 units, ranking first in China's pure electric passenger car, according to the data released by China Automotive Power Battery Industry Innovation Alliance.
BYD Han to be unveiled on July 12, first mass-produced car to feature Huawei 5G tech
Huawei Consumer Business CEO Richard Yu said on Weibo today that the world's first mass-produced model with Huawei's 5G technology - the BYD Han, will be officially unveiled via an online launch on July 12.
Nio China secures 10.4 billion yuan credit line from six Chinese banks
Nio China today received a 10.4 billion yuan ($1.48 billion) credit facility from six Chinese banks, further strengthening its financial status.
Nio reportedly to get over 10 billion yuan credit line from six Chinese banks
Chinese EV company Nio will receive a credit line of over 10 billion yuan ($1.4 billion) from six banks, according to Sina News.
China's saw 20,000 new energy vehicle-related company registrations in Q2
Domestic and foreign car companies, including BYD, Volkswagen, Toyota and others, have been building new energy vehicle projects in China. So how many new energy car companies are there in China?
BYD's June car sales down 12.93% year-on-year
BYD's June sales were 33,725 units, down 12.93% from 38,735 units in the same period last year.
Nio rises over 23% as deliveries beat expectations
Nio shares increased by 23.95% to $11.62 in early trading on Monday after the company reported that it delivered 10,331 vehicles in the second quarter, exceeding its previous expectations.
