EV
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GAC NIO close to securing Pro-A round of funding, report says
Chinese EV maker GAC NIO is undergoing due diligence for its Pro-A round of financing and is in close contact with a number of local governments, including those of Beijing, Zhejiang and Henan provinces, according to China Times.
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Chinese company uses Tesla as shared cars, renting them for RMB 1,200 per day
There are already Tesla clubs in Shanghai that operate vehicles as shared cars, including the Tesla Model 3, Model S, and Model X, which are being rented for 2 yuan per minute or 1,200 yuan per day, according to China Business News.
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New perspective explains why China is strongly supporting Tesla, NIO
A user on Zhihu, a question-and-answer website like Quora, gives his view from a new angle as to why China is supporting new energy carmakers like Tesla and NIO.
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XPeng says it will launch its autopilot software XPilot 3.0 in Q1 2021
An executive of Tesla's Chinese rival and Alibaba-backed XPeng Motors (NYSE: XPEV) said version 3.0 of its autopilot software XPilot will be available in the first quarter of 2021.
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Tesla's fast charging and NIO's battery swap - who will end up winning the market?
Mileage anxiety is one of the hindrances to the development of pure electric vehicles. As for how to solve the problem of customer mileage anxiety, car companies are trying their best to improve the energy density and power of the power battery, while also shortening the time to recover mileage.
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Tesla exec says FSD in China won't raise prices for now
Following Tesla CEO Elon Musk's announcement that the US version of the full self-driving (FSD) software will soon increase in price, Tesla's vice president of external affairs Grace Tao said on Weibo today that the FSD in China will not be increasing in price at this time.
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GAC NIO promises to reimburse owners if battery causes vehicle fires
There have been several incidents of electric vehicle fires this year, causing concern among many consumers. Chinese EV startup GAC NIO recently promised to reimburse owners of its vehicles for the entire vehicle if they catch fire due to battery problems.
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Tesla recalls tens of thousands of imported Model S, Model X cars in China over suspension problems
Tesla is recalling some imported Model S and Model X electric vehicles with immediate effect, according to China's State Administration for Market Regulation (SAMR) website.
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Li Auto appoints Fan Zheng as an independent director
On October 22, Li Auto announced the appointment of Fan Zheng as a new independent director to the Company's Board of Directors, effective immediately.
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Teslas 100% made in China? That possibility grows more realistic
The price of the China-made Tesla Model 3 keeps getting lower as it adopts more local parts, especially the battery. Now there are reports that Tesla may even use China-made motors and the possibility of Teslas 100% made in China grows more realistic.