Electric Vehicle
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NIO ES6 delivery time extended to 4-5 weeks as new Shanghai policy spurs local demand
With the increase of travel restrictions on non-local vehicles in Shanghai, the sales of new energy cars such as NIO and Tesla, which can directly obtain dedicated local licenses, are booming.
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Li Auto founder says won't make any outbound investments within 12 months after IPO
Li Xiang, founder of Chinese electric vehicle maker Li Auto (NASDAQ: LI) , said on October 26 that his company will not make any financial or outbound investments for 12 months after the IPO and all funds will be used for research and development and talent acquisition priorities.
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Geely cuts EV battery swap time to 90 seconds, what does that mean?
On October 18, Geely Technology Group signed a contract with the local government in Jinan to start the operation of the battery swap station in the city and launch the battery swap station which takes only 90 seconds for a car to complete the process.
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About 7,000 China-made Model 3s to be shipped from Shanghai to Europe on Tuesday
The China-made Model 3 export ceremony was held at Tesla's Shanghai Gigafactory on October 26, and about 7,000 Model 3s will be exported to the European market on Tuesday and are expected to arrive at the Belgian port by the end of next month, according to thepaper.cn.
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Shanghai steps up traffic management, analyst says it's good for Tesla, NIO
Shanghai recently issued new rules to increase restrictions on the passage of vehicles with license plates from other provinces and cities, which, in the opinion of analysts, will facilitate the sale of new energy vehicles such as Tesla and NIO that can obtain local license plates for free.
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Tesla says its vehicles recalled in China have no defects
Tesla recently recalled tens of thousands of imported models in China, all for reasons related to vehicle suspensions. However, the company believes that the suspensions of these vehicles are not actually defective.
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GAC NIO close to securing Pro-A round of funding, report says
Chinese EV maker GAC NIO is undergoing due diligence for its Pro-A round of financing and is in close contact with a number of local governments, including those of Beijing, Zhejiang and Henan provinces, according to China Times.
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Chinese company uses Tesla as shared cars, renting them for RMB 1,200 per day
There are already Tesla clubs in Shanghai that operate vehicles as shared cars, including the Tesla Model 3, Model S, and Model X, which are being rented for 2 yuan per minute or 1,200 yuan per day, according to China Business News.
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New perspective explains why China is strongly supporting Tesla, NIO
A user on Zhihu, a question-and-answer website like Quora, gives his view from a new angle as to why China is supporting new energy carmakers like Tesla and NIO.
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XPeng says it will launch its autopilot software XPilot 3.0 in Q1 2021
An executive of Tesla's Chinese rival and Alibaba-backed XPeng Motors (NYSE: XPEV) said version 3.0 of its autopilot software XPilot will be available in the first quarter of 2021.