Li Auto shares plunge in HK on disappointing earnings, delay of more BEV launches
Li Auto's BEV endeavors appear to be facing structural challenges as transferring its EREV success to BEV is not so straightforward, Deutsche Bank said.
Xpeng aims for L4-like smart driving experience in China by 2025, 1st Mona model to debut in Jun
Xpeng will spend RMB 3.5 billion ($480 million) in 2024 on R&D of AI technology around smart driving and recruit 4,000 new professionals.
Li Auto Q1 2024 earnings: Deutsche Bank's 1st look
"Li Auto delivered mostly in-line 1Q24 earnings results and 2Q24's volume outlook bracketed our forecast but pricing pressure appears much worse than anticipated," said Deutsche Bank.
Li Auto Q1 2024 earnings call: Live updates
Li Auto said it won't release any all-electric SUVs this year; they'll be released in the first half of next year. It said in its last earnings call that it would release three all-electric SUVs in the second half of 2024.
Xiaomi CEO visits Nio, checks out Onvo L60
Xiaomi CEO Lei Jun tried to peddle a concept for a unified in-vehicle eco-system in a meeting that included Nio' William Li and Onvo president Ai Tiecheng.
Li Auto sees net income fall in Q1, guidance for Q2 misses expectations
Li Auto guides for second-quarter vehicle deliveries to be in the range of 105,000 to 110,000, meaning it expects to deliver a total of 79,213 to 84,213 vehicles in May and June.
SAIC, Audi formally sign tie-up deal, 1st jointly developed EV due to hit market in 2025
SAIC and Audi are combining their resources to jointly develop a series of EV models, with the first product expected to go on sale in 2025.
Nio's swap stations along highways reach 800, 1/3 support swap on pilot
A total of 243 stations provide PSP services that enable vehicles to autonomously drive from the main road to a target service area and autocomplete a battery swap when NOP+ is turned on.
Tesla markets new perks in China to boost sales
Chinese customers who order a Tesla vehicle before June 20 will have the chance to get a 5,000-km free supercharging entitlement, but only 140 spots are available.
Nio, Xpeng taking longer to pay supplier bills, report says
At the end of 2023, Nio was taking about 295 days to clear receipts payable, and Xpeng 221 days, compared with 197 days and 179 days, respectively, in 2021, according to Bloomberg.