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NIO confirms former Xiaomi chip chief is on board
A media report yesterday said that Bai Jian, former OPPO hardware director and general manager of Xiaomi's chip business, has joined NIO as vice president of hardware, reporting to NIO founder and chairman William Li Bin. NIO was quoted Wednesday by Sina Tech as saying that this is true.
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Does NIO stock price surge reflect value or is it out of touch with reality?
NIO shares surged 6.54 percent to $35.50 on Tuesday, giving it a market capitalization of $48.3 billion, surpassing Frankfurt-listed BMW's €39.8 billion ($46.5 billion).
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A new era has begun, as NIO's market cap surpasses that of BMW
NIO's shares surged 6.54 percent to $35.50 on Tuesday, giving it a market capitalization of $48.3 billion, surpassing Frankfurt-listed BMW's €39.8 billion ($46.5 billion).
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China has built world's largest charging network for new energy vehicles
China has built the world's largest charging network, but it still lags behind consumer demand and needs to step up construction efforts and optimize the layout, Xin Guobin, vice-minister of the Ministry of Industry and Information Technology (MIIT), said November 3.
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BYD's October car sales up 16 percent year-on-year to 47,732 units
BYD sold 47,732 vehicles in October, up 16 percent from 41,130 in the same period last year, the company's filing on the Hong Kong stock exchange showed today.
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TikTok owner ByteDance plans to hire 10,000 more in China by year-end
Beijing-based TikTok owner ByteDance plans to open another 10,000 jobs by the end of the year, on top of the nearly 30,000 hires it has already made in China this year, TechWeb reported Wednesday, adding that ByteDance's total workforce will top 100,000 when the new hiring is complete.
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NIO's 'Marco Polo Project' heralds accelerated overseas expansion for Chinese EV makers
NIO's reported 'Marco Polo Project' and XPeng's move to export to Europe means that, for Chinese EV makers, they are already targeting overseas markets, even though the domestic market is only just emerging.
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Volkswagen's all-electric SUV ID.4 CROZZ launched in China
Volkswagen Group, the world's largest automaker, has begun a full-scale push into the world's largest market for new energy vehicles.
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Deutsche Bank raises NIO price target by 30% to $34, reiterates Buy rating
Analysts at Deutsche Bank on Tuesday raised their price target on NIO by 30 percent to $34 and reiterated their Buy rating following another record monthly sales for the Chinese EV maker.
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China state media criticizes Tesla for being arrogant to Chinese consumers
The unreasonable arrogance of Tesla recalling vehicles but denying the defects overseas and instead blaming Chinese users' habits and pressure from regulators, cannot be ignored, Xinhua News Agency said in a commentary today.