Nio shorts lost at least $2.66 billion this year
Short sellers in Chinese electric vehicle (EV) maker Nio (NYSE: NIO) lost $155 million on November 3, bringing their cumulative losses this year to $2.66 billion, according to data from financial analytics firm S3 Partners.
Geely becomes first Chinese brand to sell more than 10 million vehicles in total
Geely Group recently announced that the company became the first Chinese brand to achieve 10 million passenger car sales after first entering the auto industry in 1997.
Nio continues to move forward in no-man's land with battery upgrade plan
On November 6, Nio unveiled a higher capacity 100kWh battery in Beijing, allowing owners to get longer range out of their vehicles with a flexible upgrade program.
Tesla exec says making efforts to build Tesla China into a company with 'Chinese genes'
Tesla strives to build a fully functional company with "Chinese genes " in China, the company's vice president Grace Tao told thepaper.cn in an interview on Saturday.
Tesla expects to build 650 supercharging stations in China by year-end
Tesla expects to build nearly 650 supercharging stations in China by the end of 2020, providing more than 5,000 DC charging piles, according to jiemian.com.
This is what's happening at Tesla, Nio and Xpeng stores in Shanghai
Recently, Shanghai has tightened restrictions on vehicles with license plates from other provinces and cities, making a large number of users start to consider buying new energy vehicles with local license plates, especially those from Tesla, Nio, and Xpeng.
SAIC-GM-Wuling denies report of teaming up with BYD for micro electric cars
A media report recently claimed that BYD will be partnering with SAIC-GM-Wuling to form a new brand to create micro electric cars for urban mobility. In response, the Economic Observer quoted a SAIC-GM-Wuling executive as saying that this is fake news.
Elon Musk suggests Tesla is 10 times better than Nio
As its stock price has soared, Nio's market capitalization has surpassed that of BMW and General Motors. That's gotten the Chinese EV maker more attention, including from Tesla CEO Elon Musk.
Li Auto recalls 10,469 Li ONEs after criticism of previous upgrade move
Chinese electric vehicle (EV) maker Li Auto (NASDAQ: LI) is recalling a total of 10,469 Li ONE electric vehicles manufactured between November 14, 2019 and June 1, 2020, China's State Administration for Market Regulation ( SAMR) website information showed on Friday.
Nio launches 100 kWh battery with flexible upgrade plans
Chinese electric vehicle (EV) maker Nio (NYSE: NIO) on November 6 announced the launch of its 100 kWh battery that allow Nio owners to significantly boost their car's range under flexible upgrade plans.