EV

BYD is talking with SAIC-GM-Wuling with plans to join forces to create micro electric vehicles for urban mobility, EVHui.com said, citing a source close to the two companies.

SAIC-GM-Wuling's Hongguang MINI EV, China's best-selling electric car, sold 23,762 units in October, up 18 percent from September, the company announced today.

Shares of US-traded Chinese electric car makers - NIO, XPeng, and Li Auto - all rose sharply as Citi issued a bullish report.

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.

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).

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).

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.

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.

Volkswagen Group, the world's largest automaker, has begun a full-scale push into the world's largest market for new energy vehicles.

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.