Electric Vehicle

One of Xpeng Motors' local suppliers recently signed an agreement to supply a NIO subsidiary with drive motor components, which analysts see as a sign that NIO is aggressively introducing local supply chains and reducing costs.

Faced with the fact that its competitors have already completed the launch of at least two models, Li Auto is working to upgrade its second model in order to enhance the competitiveness of its products.

Chinese EV maker NIO said today that NIO users have accumulated more than 1 billion kilometers, saving about 500 million yuan in energy costs compared to fuel vehicles.

Shares of Xpeng, Tesla's Chinese rival, jumped more than 6% Tuesday after JP Morgan analysts initiated their coverage of the stock at the equivalent of buy with a price target of $27. 

Warren Buffett-backed BYD is allegedly in talks with Daimler to supply the latter with chips the company produces and uses in its own electric cars.

Tesla said today that it has officially opened the Chengdu-Lhasa charging route with the opening of Tesla charging stations along China's National Highway 318, a route of approximately 2011 kilometers with two Supercharger stations and 11 destination stations, one for every 154 kilometers.

Communication is the new and necessary infrastructure to enable smart driving, said Qin Lihong, co-founder and president of NIO, adding that the move from 4G to 5G is a huge step forward and will certainly bring a revolutionary change in automated driving.

Chinese electric vehicle (EV) maker NIO has been named to Fortune's list of 100 companies changing the world in 2020 for launching BaaS (Battery as a Service), a battery rental service, making it the only automotive company on the list.

Li Auto will use NVIDIA Orin chips in its full-size extended-range smart SUV to be launched in 2022, and is expected to be the first new energy vehicle company in China to develop a fully independent Level 4 self-driving system.

Chinese EV maker NIO said today that on September 26, all NIO models will be exhibited at the 2020 Beijing International Automotive Exhibition, where NIO will announce an upgrade to NIO OS version 2.7.0, which will officially launch its Navigate on Pilot (NOP).