Chinese EV maker Li Auto throws down the gauntlet to Volkswagen over questioning
In response to Volkswagen executives' questioning about its technical approach, Li Auto has challenged the German auto giant and invited it to a direct comparison test.
Nio's William Li says Tesla is not 'insurmountable'
Tesla is a great car company, but it's not as “insurmountable” as it seems as Nio chases after it, Nio founder William Li Bin said in a September 8 video program.
Is it wise for Nio to enter the European market?
Nio recently raised $1.7 billion in capital markets. In addition to buying back a portion of Nio China stake, the funds raised will be used for high-level driverless systems and overseas market expansion.
Alibaba, Xpeng's largest outside shareholder, holds 13.3% of stake
As of August 26, Alibaba owned 19% of Xpeng's Class A common stock, or 13.3% of Xpeng's outstanding common stock, according to Alibaba and Xpeng's filings with the US Securities and Exchange Commission.
Nio CEO William Li says its charging stations are profitable
Nio founder and CEO William Li Bin said recently that Nio's home charging stations and 700 superchargers nationwide are currently profitable, adding that the company will deploy the second-generation battery swap stations next year.
Deutsche initiates coverage on Nio with buy rating and $24 price target
Deutsche Bank has initiated coverage on Chinese automaker Nio with a Buy rating and $24 price target, representing a 33 percent upside potential from Friday's close.
Li ONE has another broken axle incident, Li Auto responds
On the evening of September 7, the Li ONE was again reported to have a broken axle incident. The owner said that the car was running normally and there was no collision.
Central China's Hefei city to partner with Nio to promote construction of battery swap facilities
The city of Hefei in Central China's Anhui province plans to build battery swap facilities in partnership with Nio, and plans to add 40 new battery swap facilities in 2020 and 2021, according to local media Anhui News.
CATL refutes rumors that its 811 battery is shelved due to safety concerns
The NCM811 battery made by Contemporary Amperex Technology (CATL), China's largest automotive lithium-ion battery maker, has attracted much attention in the market since its launch in 2018. However, frequent media reports of spontaneous combustion in EVs loaded with the battery in recent days have brought the safety of the 811 battery to the spotlight.
Analysts say Nio sales to improve further, EC6 performance highly anticipated
In their latest report, GF Securities analysts expect Nio sales to improve further with the new EC6 model's performance highly anticipated.