EV

Hours after releasing a statement Thursday afternoon Beijing time that it will be the first car company in China to accept Bitcoin payments, GAC NIO has apologized for it.

Tesla is responding to previous media reports that it is trying to increase sales in China and that bad parts are being loaded onto cars.

NIO's soaring market value is not an isolated case, and is bound to be discussed in the context of the dramatic changes in the entire new energy vehicle industry, said the Securities Times, China's official securities newspaper, in an article published on Wednesday.

"If the price of raw materials or components increases in the future, it is not impossible for Tesla to increase the price of its electric vehicles."

NIO, relying on such a huge market as China, undoubtedly has a most solid foundation to participate in global competition, said William Li.

Mr. Li complained that his long-range Han EV could only actually travel up to 230 kilometers on a full charge. By comparison, BYD officially claims a range of 605 kilometers.

Four months after its establishment, Wuhan Weineng, NIO's battery asset management joint venture has received its first capital increase.

XPeng owners can charge for free at designated supercharging piles in the airport's T1 Terminal P5 parking lot and T2 Terminal P6 parking lot, and enjoy free parking for one hour.

With strong demand from the Chinese market, Tesla is not ruled out from exceeding its annual delivery target, which would support its share price to as high as $1,000, according to Wedbush Securities.

The report said Baidu has opened preliminary talks with Geely, Guangzhou Automobile Group and FAW Group's Hongqi, but no decision has been made.