Nio says Tesla both a rival and an ally
Li Bin, founder of Nio, said the long-term growth potential of China's electric vehicle market remains despite increased competition from companies like Tesla, which bodes well for his company.
Chinese EV maker Xpeng allegedly files secret US IPO document
Xpeng, a Chinese electric vehicle startup backed by Alibaba has secretly filed IPO documents with the US stock market, planning to raise $500 million, 36Kr said, citing sources familiar with the matter.
Chinese firm releases chips for cars based on Imagination PowerVR GPU
Nanjing-based SemiDrive recently announced the X9, V9 and G9 automotive chips, based on Imagination PowerVR GPUs.
Baidu builds world's largest self-driving R&D center in Beijing
Baidu has established a new research and development base for automated driving technology in Beijing.
Tesla's Shanghai Gigafactory phase II topped out, Model Y production expected by year-end
Aerial footage shows that part of the main building of the Tesla Gigafactory Phase II project in Shanghai's Lingang Industrial Zone has been completed and the project is about to enter its topping-out phase, according to Teslarati.
Chinese version of ‘Rolls-Royce’ Hongqi H9 said to be launched on July 9
The Hongqi H9, dubed the Chinese version of the Rolls-Royce, is likely to start pre-sale on May 30 and be officially launched on July 9, according to Mydrivers.com.
Nio has become a company with Chinese state capital with major shareholder change
According to Tianyancha, there was a change of shareholders of Nio Shanghai Automotive Co., Ltd. from Nio Nextev Limited to Nio (Anhui) Holding Co., Ltd. and a change of enterprise type from a limited liability company (sole proprietorship of Hong Kong, Macau and Taiwan corporations) to a limited liability company (sole proprietorship of foreign corporations).
Geometry C, a Geely new energy vehicle, uses the Nidec drive motor system E-Axle
Nidec recently revealed that the new Geometry C (Geometry C) from Geely is a 150kW Ni150Ex from Nidec's drive motor system, E-Axle.
Nio deliveries slip in Q1, shares plunge 13% pre-market
Nio's first-quarter revenue fell 15.9% year-over-year to 1.372 billion yuan, beating analysts' expectations of 1.287 billion yuan and exceeding the upper limit of guidance (1.21 to 1.27 billion yuan) previously given by the company, its first-quarter financial report showed.
Chinese EV maker Lixiang sees 10,000th Lixiang One roll off line
Lixiang Automotive today announced that the 10,000th Lixiang One has been rolled off the production line from the Lixiang Changzhou manufacturing facility.
