EV
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Nio delivers a record 3,436 new vehicles in May
Nio delivered 3,436 vehicles in May, up 215.5 percent year-on-year to a record high. Nio expects to meet its second quarter delivery target.
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Koenigsegg, Polestar may be collaborating on an electric car
When it comes to supercars, Koenigsegg has come out with some pretty crazy projects like the four-passenger Gemera, while Polestar, on the other hand, brings some interesting electric cars. The biggest thing these two automakers have in common - both call Sweden home, but also just that.
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Geely's high-end electric car brand Polestar plans to launch Model 3 competitor
Geely's high-end electric car maker Polestar plans to expand its stores in the country while preparing to launch a model to compete with Tesla's domestic Model 3, according to Reuters.
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Nio says Tesla both a rival and an ally
Li Bin, founder of Nio, said the long-term growth potential of China's electric vehicle market remains despite increased competition from companies like Tesla, which bodes well for his company.
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Chinese EV maker Xpeng allegedly files secret US IPO document
Xpeng, a Chinese electric vehicle startup backed by Alibaba has secretly filed IPO documents with the US stock market, planning to raise $500 million, 36Kr said, citing sources familiar with the matter.
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Tesla's Shanghai Gigafactory phase II topped out, Model Y production expected by year-end
Aerial footage shows that part of the main building of the Tesla Gigafactory Phase II project in Shanghai's Lingang Industrial Zone has been completed and the project is about to enter its topping-out phase, according to Teslarati.
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Nio deliveries slip in Q1, shares plunge 13% pre-market
Nio's first-quarter revenue fell 15.9% year-over-year to 1.372 billion yuan, beating analysts' expectations of 1.287 billion yuan and exceeding the upper limit of guidance (1.21 to 1.27 billion yuan) previously given by the company, its first-quarter financial report showed.
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Chinese EV maker Li Auto sees 10,000th Li ONE roll off line
Li Auto today announced that the 10,000th Li One has been rolled off the production line from the Lixiang Changzhou manufacturing facility.
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Tesla slashes prices in China again, dropping 29,000 yuan on imported Model S and Model X
Tesla announced today that it will reduce the price of all models on sale in North America, and in the Chinese mainland, the Model S and Model X, which are imported models, will also reduce their base prices.
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Tesla Model 3 tops China's new energy vehicle sales in April
In April, Tesla Model 3, Nio ES6, Li ONE, XpengG3 and Weltmeister EX5 were the top five vehicles in China, with sales of 4,312, 2,886, 2,793, 1,234 and 943 vehicles respectively, data from the Automotive Data of China showed.