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NIO denies battery swap benefits for owners will be reduced
In response to recent rumors that it's car owners' free battery swap benefits will be drastically reduced or even cancelled, Chinese EV maker NIO today denied.
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Tencent's Q2 revenue grows with an eight-quarter high rate of 29%
Chinese social media and gaming giant Tencent posted a net profit of CNY33.11 billion in the second quarter, beating market expectations of CNY27.29 billion, the company's second-quarter earnings report released today showed.
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Huawei reportedly launches 'Tashan Project' to build 45nm chip production line this year
Huawei has launched the "Tashan Project" to make its foray into semiconductor manufacturing and is ready to build a chip production line without US technology, according to the latest information posted on Weibo.
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Tesla sets up insurance brokerage company in China
Tesla set up an insurance brokerage company in China on August 6 with a registered capital of 50 million yuan, regulatory documents show.
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NIO says it prepares to enter global markets, but this year is not the right time
NIO has made preparations to enter the global markets, but this year is certainly not the right time, Li Bin, the Chinese electric vehicle (EV) maker's founder, chairman, and CEO, said in the company's earnings call following the release of its second-quarter financial results today.
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NIO says its BaaS business sees significant progress, will release implementation details in Q3
NIO's Battery as a Service (BaaS) business model has made significant progress, with the first BaaS vehicle having completed validation of insurance, loan, and registration processes, said Li Bin, NIO's founder, chairman, and CEO, during the earnings call.
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Huawei is putting huge resources in R&D of LIDAR technology
Huawei's optoelectronic technology research center in Wuhan, where a total of more than 10,000 employees work, is developing LIDAR technology, said Wang Jun, president of Huawei Intelligent Automotive Solutions BU.
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Li Auto delivers 2,516 Li ONEs in July, up 33% from June
Chinese electric vehicle (EV) maker Li Auto has released its first monthly sales figures following its IPO in the US.
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Chinese Tesla rival Xpeng responds to its car fire
A video today showed that an Xpeng G3 in Guangzhou caught fire on the street and was surrounded by smoke. Firefighters arrived at the scene to extinguish the fire.
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SMIC says 14nm chips are in mass production and yields are improving
Chinese chip maker Semiconductor Manufacturing International Corporation (SMIC) is mass producing 14nm chips and yield is improving, the company said today in response to an investor question online.