EV
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BofA: Rising blade battery adoption to drive BYD growth
In a report on October 29, BofA analyst Ming Hsun Lee and Jessie Lo said rising blade battery adoption and better mix of electronic business will drive growth of Chinese carmaker BYD.
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China may soon announce New Energy Vehicle Industry Development Plan for next decade
China's New Energy Vehicle Industry Development Plan (2021-2035) is likely to be released next week, Wu Wei, director of the Machinery and Equipment Division of the National Development and Reform Commission's Industrial Development Department, said today.
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NIO exceeds 5,000 vehicles off the assembly line for first time in a single month
On October 29, Chinese EV maker NIO (NYSE: NIO) saw its 5,000th vehicle of the month rolled off the production line at the Hefei Advanced Manufacturing Base, the company said today.
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Morgan Stanley says 'NIO is a strong EV leader in the making', raises price target by 61%
Following JP Morgan's bullish report two weeks ago, another Wall Street firm Morgan Stanley also joined the ranks of updating their views on Chinese EV maker NIO (NYSE: NIO).
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What is the profitability bottleneck for NIO, XPeng?
On October 22, Tesla announced its third-quarter financial results, with revenue and net profit up sharply year-over-year, and has been profitable for five consecutive quarters.
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Li Auto optimises Li ONE's driver assistance system after series of accidents
Following several recent accidents, Chinese electric vehicle (EV) maker Li Auto (NASDAQ: LI) has released V1.4.18 beta version of its software, which optimizes the Li ONE's assisted driving system.
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XPeng adds six new cities to offer free charging to car owners
Chinese electric car company XPeng Motors (NYSE: XPEV) announced in September that it would provide free lifetime charging service for XPeng's first non-operating car owners who charge their cars at designated charging stations in selected cities. The company said today that from October 30, the service will cover new cities such as Haikou, Huizhou, Quanzhou, Weifang, Shantou and Zhuhai.
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WM Motor announces recall of 1,282 vehicles due to risk of battery fires
WM Motor, the electric vehicle responsible for four spontaneous combustion accidents in 35 days, has announced a recall.
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Tesla keeps dropping prices, does NIO need to worry?
In a year or so, the price of the China-made Tesla Model 3 has dropped from nearly RMB 400,000 to RMB 249,900. There's no doubt that an inexpensive, high-quality Tesla has enough momentum to disrupt the EV market, can XPeng and NIO handle the challenge?
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BYD to unveil new EV platform, first model to be released next year
Chinese carmaker BYD is pre-researching its next-generation high-performance, high-safety pure electric vehicle platform, which will apply a host of innovative technologies to take full advantage of the electric vehicle's space, driveability and intelligence, Chinese media quoted BYD senior vice president Lian Yubo as saying.