Electric Vehicle

  • Boosted by Tesla, Shanghai new energy vehicle production up 126.9% year on year in H1

    Driven by Tesla's production, Shanghai's output of new energy vehicles reached 70,400 units in the first half of the year, soaring 126.9 percent year-on-year, data from the China Passenger Car Association (CPCA) showed.

  • Chinese lithium-ion battery maker CATL becomes major supplier of Mercedes-Benz

    Contemporary Amperex Technology (CATL), China's largest automotive lithium-ion battery maker, and Mercedes-Benz today announced that they are strengthening their partnership in the field of battery technology.

  • Tesla rival Xpeng said to have raised $400 million ahead of US IPO

    Chinese electric car maker Xpeng Motors, a major Tesla rival, has raised $400 million ahead of an initial public offering (IPO) in the US, CNBC reported Wednesday citing two sources familiar with the matter.

  • Chinese investment bank CICC raises NIO price target to $15

    Chinese investment bank CICC raised its price target on NIO as the Chinese EV maker added a record number of new orders in July.

  • Is NIO's Battery as a Service model a good business?

    At the 2020 Chengdu Auto Show on July 24, NIO founder Li Bin described his vision for BaaS (Battery as a Service).

  • Tesla fined 50,000 yuan in Beijing

    Tesla (Beijing) Co Ltd was recently fined 50,000 yuan ($7,220) by the Beijing Chaoyang District Market Supervision Administration.

  • Xpeng P7 sees 1,641 deliveries in July

    Chinese electric car company Xpeng Motors said today that 1,641 Xpeng P7 were delivered in July.

  • NIO delivers 3,533 cars in July, up by 322.1% year on year

    Chinese electric vehicle (EV) maker NIO delivered 3,533 cars in July, up by 322.1% year-over-year.

  • Xpeng raises another $300 million in funding led by Alibaba

    Less than half a month after raising $500 million in a Series C+ round, Chinese electric car company Xpeng Motors has raised another round of over $300 million in funding, according to 36Kr. 

  • China's biggest property developer launches six cars

    China Evergrande NewEnergy Vehicle Group, the car making arm of China's biggest property developer China Evergrande, today unveiled its first batch of six vehicles in Shanghai and Guangzhou at the same time.