Yu Chengdong, Executive Director, CEO of the Consumer Business Group, and CEO of Huawei's Intelligent Automotive Solution Business Unit, spoke with media at Huawei's Shenzhen headquarters.
A NIO car owner posted on Weibo on Wednesday that there were advertisements on the navigation interface of his car, which practically blocked the screen and could affect safe driving.
Chinese media outlet im4S exposed some spy photos suspected of being a production version of the smart Concept #1 on Wednesday.
Li Auto announced the "Li ONE Delivery Plan" to customers on its official app on Thursday. Customers can choose the model they like and additional customizations at a later time.
According to statistics from China's customs officials, in the first eight months, China exported 137.7 billion yuan of automotive goods (including chassis), an increase of 111.1%.
Xiaomi Auto has reportedly settled on Beijing for its headquarters and first automobile factory, Auto Business Review said on Tuesday. Xiaomi has not yet issued a response to the news.
The Wuhan Municipal Bureau of Commerce responded the city had communicated with leading Chinese electronics firm Xiaomi, and is now in active negotiations with the company to promote the project's settlement in Wuhan.
BYD has denied rumors it is supplying Tesla with "blade batteries" on Wednesday, asserting that the company never told the media that it would do so, nor did it say that its blade batteries would be used in Tesla's Model Y.
After initiating layoffs in early 2021, Shenzhen-based new energy vehicle maker Baoneng Motor continued with the second batch of layoffs on July 22. Baoneng has not yet commented publicly on the matter.
Beijing-based EV firm Li Auto has priced its upcoming Hong Kong offering at HK$118 ($15.16) per share. Class A ordinary shares in the company are scheduled to begin trading on the main board of the HKSE on Thursday.
Tesla’s vehicle orders in China dropped by almost half in May compared with the previous month, as the US automaker wrestles with backlash from regulators and customers alike in the world’s largest electric vehicle (EV) market, according to tech media outlet The Information.
A range of Chinese media outlets reported on Tuesday that Didi Chuxing is expected to start its own automobile manufacturing business. One report from _LatePost_ (https://www.latepost.com/news/dj_detail?id=575) further revealed concrete details on plans to have the company’s Vice President Yang Jun lead the new venture while the team actively recruits from major domestic auto manufacturers.
We’re going to provide a brief list of China’s most valuable automobile companies by market capitalization as of August 2020.
Chinese fast-growing electric vehicle maker Li Auto kicked off trading on July 30 on the Nasdaq Global Market with its share price soaring 43.13% from its IPO price of $11.5.
Zhejiang-based EV maker Hozon Auto has launched a Series C financing and plans to kick off trading on the Sci-Tech Innovation Board in 2021.
Xpeng Motors, a leading smart electric vehicle company in China, announced on July 20 the signing of its Series C+ financing of around US$500 million.
Though influenced by the COVID-19 pandemic, NIO's losses are narrowing. What's more, NIO has reached agreements with investors for investment in China.
Recently, an owner of Tesla’s upgraded Model 3 reported on Weibo that the hardware code of their car controller was inconsistent with the number on the documents of the vehicle.
As of December 31, 2019, Hillside Capital no longer holds equity in NIO. So far, 2020 has seen NIO raise $200 million in convertible bond financing.
Tesla is applying to offer a new version of their China-made Model 3, according to a document from China’s Ministry of Industry and Information Technology.