Xiaomi's vehicle manufacturing business has been established for more than a year now, and related rumors have emerged one after another from within the industry.
Recent years have laid bare the advantages of electrification, intelligent technology and user targets for the automotive industry, and Chinese brands are increasingly launching vehicles from 300,000 yuan ($42,624) and upward in a bid to join the high-end market.
Compared with the heads of other Chinese auto firms, Wei Jianjun, Founder and Chairman of Great Wall Motor (GWM), tends to operate in a very low-key manner, but the new energy business map he has been developing is impressive.
With the increasingly clear momentum of industrial chain transfers to Southeast Asia, Chinese firms are also aiming at this emerging regional market that is home to nearly 700 million people, with Thailand as the first stop.
On September 1, mainstream Chinese new energy vehicle (NEV) enterprises announced their delivery results for the month of August. The delivery volume of NETA Auto was 16,000 units, ranking first in the delivery list of new Chinese carmakers in the month.
On August 26, GAC AION's A-round of capital fundraising was officially listed on the Guangzhou United Assets and Equity Exchange.
Shenzhen-based automotive company BYD announced on August 27 that it will launch a variety of new energy vehicle models for the European market this fall, including the BYD Tang, Han and Yuan PLUS.
On August 25, BYD's Dynasty series flagship SUV Tang DM-p was officially launched. This is a mid-size SUV positioned mainly for four-wheel drive performance.
On August 23, HYCAN Automotive Technology Co., Ltd. made a change to its registration with China's State Administration for Industry and Commerce, showing that NIO has withdrawn from the list of shareholders.
On August 11, Chinese state-owned auto manufacturer GAC Group announced plans to set up a new entity tentatively named Electric Drive Technology Company.
A photo of the interior of BYD's new high-end off-road vehicle was recently exposed on the Chinese web, appearing different from the models currently sold by the firm.
NIO Mobile Technology Co., Ltd. was formally established in Shanghai on August 4, to be mainly engaged in software and information technology services. Its legal representative is Qin Lihong, the co-founder and president of Chinese electric vehicle firm NIO Inc.
Regarding reports that NIO was planning to launch a third EV brand besides NIO and "ALPS", the carmaker replied: "There is no information available for disclosure at present."
On July 28, William Li, CEO of new energy automobile firm NIO, met with users in Fuzhou, Fujian province, and talked about the progress of NIO's smartphone manufacturing.
The latest flagship L9 SUV from Chinese new energy vehicle firm Li Auto has not yet been delivered, but its test cars have apparently been exposed to hardware problems, triggering hot debate among web users and questions from industry insiders.
Chinese automaker Geely officially released a new car brand named RADAR on the evening of July 12, while the first pickup truck based on SEA architecture, the RD6, made its debut.
The promise that “Huawei will not make cars” is about to expire next year.
A traffic accident involving a vehicle made by NIO occurred on the morning of July 4 at the entrance to a hospital in the city of Luohe in China's central Henan Province.
The Hefei Economic and Technological Development Area (Hefei ETDA) and domestic EV maker NIO have signed a new cooperation agreement on Tuesday.
Ideal Innovation Lab Technology (Jiangsu) Co., Ltd. has been established on April 7. The firm is wholly owned by Leading Ideal HK Limited, an affiliated company of Li Auto, a leading EV manufacturer.