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NIO business model goals are met with release of world's second 100kWh battery pack
Following the BaaS (Battery as a Service) announcement on August 20, Chinese electric vehicle (EV) maker NIO (NYSE: NIO) announced the 100kWh battery pack on November 6, making it the second car company in the world, after Tesla, to release a 100kWh battery pack.
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China aims to complete construction of space station around 2022
China's manned space program is now pushing ahead with the construction of the space station, striving to complete the on-orbit construction plan around 2022 and prepare for the long-term stable operation of the station, according to CCTV.
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NIO shorts lost at least $2.66 billion this year
Short sellers in Chinese electric vehicle (EV) maker NIO (NYSE: NIO) lost $155 million on November 3, bringing their cumulative losses this year to $2.66 billion, according to data from financial analytics firm S3 Partners.
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Geely becomes first Chinese brand to sell more than 10 million vehicles in total
Geely Group recently announced that the company became the first Chinese brand to achieve 10 million passenger car sales after first entering the auto industry in 1997.
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NIO continues to move forward in no-man's land with battery upgrade plan
On November 6, NIO unveiled a higher capacity 100kWh battery in Beijing, allowing owners to get longer range out of their vehicles with a flexible upgrade program.
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Pony.ai becomes China's highest-valued company in automated driving after new funding round
Chinese self-driving startup Pony.ai announced on November 6 that it has raised a total of $267 million in Series C funding. With this round of funding, Pony.ai has raised more than $1 billion in total funding and is valued at more than $5.3 billion, making it the most highly valued company in China's automated driving space.
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Tesla exec says making efforts to build Tesla China into a company with 'Chinese genes'
Tesla strives to build a fully functional company with "Chinese genes " in China, the company's vice president Grace Tao told thepaper.cn in an interview on Saturday.
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Private Chinese space firm successfully puts data acquisition satellite into orbit
The Ceres-1 launch vehicle, developed by China's private space company Galactic Energy, was successfully launched at 15:12 on November 7 at the Jiuquan Satellite Launch Center, sending a data acquisition satellite into a predetermined orbit.
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China Telecom announces large-scale commercialization of 5G SA network in over 300 cities
China Telecom has started large-scale commercial use of its 5G SA (stand-alone) network in more than 300 cities, the world's largest, said Li Zhengmao, general manager of the Chinese operator, at its Smart Eco Expo on November 7.
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Tesla expects to build 650 supercharging stations in China by year-end
Tesla expects to build nearly 650 supercharging stations in China by the end of 2020, providing more than 5,000 DC charging piles, according to jiemian.com.