Tesla exec says 'price of China-made Model 3 will drop to RMB 199,000' fake news
In response to the rumors spread among Chinese Internet users that Tesla's China-made Model 3 will drop in price to RMB 199,000, Tesla China general manager Allan Wang responded in a Tesla owners' chat group on October 20 saying, "It's a complete rumor," according to Tencent Tech.
Xpeng announces 10,000th P7 off the production line
Chinese electric car company Xpeng Motors (NYSE: XPEV)s announced on October 20 that the 10,000th Xpeng P7 has rolled off the production line. This is less than 160 days since the launch of Xpeng P7 on April 17, making Xpeng P7 the fastest from product launch to 10,000 units off the production line.
Deutsche Bank maintains 'buy' rating on Nio as analyst sees demand outpaces supply
Chinese electric vehicle (EV) maker Nio (NYSE: NIO) shares are up an incredible 1,070 percent since their March lows. Deutsche Bank analyst Edison Yu notes that there aren't any specific factors driving the stock higher, but he points to a couple of developments that have helped keep the momentum going.
Tesla reduces warranty period on used cars
Tesla has scaled back its used car warranty to give customers only one additional year or 10,000 miles (16,000 km) of warranty coverage.
Prominent opinion leaders say Nio business is unique, growth potential should not be underestimated
Nio's unique business model is poised for continued growth in the face of Tesla's expansion in China, said Li Haode, a leading financial opinion leader.
Tesla starts exporting China-made Model 3, first shipment to Europe expected next Tuesday
Tesla's Shanghai Gigafactory has started exporting the Model 3 vehicles to European countries including Germany, France, Italy, Spain, Portugal and Switzerland, according to the SH Observer.
Li Auto pushes new software to car owners, allows Bluetooth to connect iPads
Chinese EV maker Li Auto (NASDAQ: LI) will begin pushing V1.4 in-vehicle software on October 20 to customers who have already received deliveries, bringing a number of enhancements including the addition of Bluetooth connectivity for iPad.
Why do you always miss stocks like Nio?
In just six months, the stock of Chinese EV maker Nio (NYSE: NIO) rose more than 10 times. There are many investors who admire its rise, but not many who actually make money from it.
Nio deserves a better future, says analyst
In his report, "Nio deserves a better future," released on Sunday evening, Zhongtai Securities analyst Su Chen said Nio's new model, the EC6, which was delivered from September 2020, is expected to maintain good delivery volumes through a richer product portfolio and a competitive edge in the product race.
Toyota reportedly to offer hybrid technology to Chinese automakers
Toyota has decided to supply the core system of its hybrid vehicle to major Chinese automaker Guangzhou Automobile Group (GAC), the first time in Toyota's history that it will offer hybrid vehicle technology to a foreign company, according to Nikkei Asia on Thursday.