NIO

Since September this year, Chinese car companies have accelerated the construction of battery swap stations, while battery swap speeds are also competing to shorten.

With the increase of travel restrictions on non-local vehicles in Shanghai, the sales of new energy cars such as NIO and Tesla, which can directly obtain dedicated local licenses, are booming.

Li Xiang, founder of Chinese electric vehicle maker Li Auto (NASDAQ: LI) , said on October 26 that his company will not make any financial or outbound investments for 12 months after the IPO and all funds will be used for research and development and talent acquisition priorities.

On October 18, Geely Technology Group signed a contract with the local government in Jinan to start the operation of the battery swap station in the city and launch the battery swap station which takes only 90 seconds for a car to complete the process.

Shanghai recently issued new rules to increase restrictions on the passage of vehicles with license plates from other provinces and cities, which, in the opinion of analysts, will facilitate the sale of new energy vehicles such as Tesla and NIO that can obtain local license plates for free.

Bitauto (NYSE: BITA), the Chinese Internet car service provider founded by NIO (NYSE: NIO) founder William Li Bin, will be delisted from the New York Stock Exchange after its shareholders voted to approve a privatization proposal, the company announced Friday.

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.

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.

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.

Assisted driving feature is one of the main selling points of new energy vehicles, but even leading manufacturers like Tesla and Chinese premium electric car maker NIO (NYSE: NIO) can't fully guarantee that this feature is completely safe and reliable, and drivers still have to be ready to take over the vehicle at any time, or they could be in danger.