Phate Zhang

Alibaba was fined because of its investment in the acquisition of Intime Retail's equity interest.

BOE did not specify whether all of these technologies are used in NIO's cockpit but mentioned that it and NIO have continued to work together in recent years to create an interactive, warm, and user-friendly intelligent cockpit.

Xiaomi, by comparison, shipped 125.6 million units in 2019.

Shares of Chinese EV maker NIO fell 6 percent to $39.46 in pre-market trading after pricing its additional ADS offering at a discount of about 7 percent to Friday's close.

NIO sold 68 million ADSs, up from the 60 million initially planned, to raise $2.65 billion, the report said. Such offerings are typically priced at a discount to entice investors. 

Chinese EV startup Leap Motor has acquired Fujian New Forta Automobile Industry Co., Ltd. in a move that the industry believes is intended to solve its production qualification issue.

The battery's energy density will be 30-40 percent higher than the current industry-leading level and can achieve a maximum range of about 1,000km and zero decay for 200,000 km.

The Shanghai government held an executive meeting today to decide that it will accelerate the development of the local new energy vehicle industry.

They will strive to achieve at least 100 million kWh of clean electricity for new energy vehicle users in 2021, and promote the low carbonization of the whole life cycle of new energy vehicles.

Huawei will introduce the HarmonyOS 2.0 design concept, DevEco Studio 2.0 one-stop distributed application development platform, and mobile emulators.