NIO delivered a total of 3,965 units in August, a year-on-year increase of 104.1%, setting a new monthly high.
The market capitalization of Xiaomi Group exceeded HK$600 billion on Sept. 1 for the first time, and its share price is now at HK$25, soaring 6%.
Chinese EV maker Li Auto announced its August delivery data on Sept. 2, which shows that the company delivered 2,711 Li ONE vehicles, the first and sole model of Li Auto, in August, a record high in monthly deliveries.
Tesla, the world’s largest electric vehicle manufacturer, announced on September 1 that it would sell up to $5 billion in new stocks to ease future debt pressures, Reuters reported.
Many Chinese concept shares (CCS) plummeted after Monday’s closing. New popular electric vehicle stocks Xpeng Motor plunged 10.05%, Li Auto fell 7.39%, but NIO bucked the trend and rose 2.86%.
AI chip company Cambricon released their performance report for the first half of this year. During the period, the company’s revenue reached 87.2 million yuan, a year-on-year decrease of 11.01%.
NIO announced on Aug. 27 that it plans to offer additional 75 million ADSs and grant the underwriters a 30-day option to purchase an excess of 11.25 million ADSs, according to a press release.
Leading Chinese EV maker Xpeng Motors (stock code: XPEV) kicked off trading on the New York Stock Exchange on the evening of Aug. 27 (Beijing Time) with an opening price of $23.1, soaring 56% from the issue price of $15 per share.
Chinese smartphone and smart hardware manufacturer, Xiaomi Group, recently released its second-quarter financial report for 2020.
After conducting over 519,000km of road tests in Beijing, Baidu’s Apollo Go Robotaxi service was approved for phase 2 of autonomous vehicle road tests with passengers on board on Aug. 24.
On Aug. 25, UBS boosted the rating of NIO from "sell" to "neutral" and bumped its price target from $1.00 to $16.30.
The United States International Trade Commission announced on Aug. 21 that it will not enforce an injunction on DJI’s products in the US after its decisions regarding investigations into the alleged violations of Section 377.
On Aug. 24, Tesla China’s official website quietly launched another localized Model Y with the pre-sale price ranging from 488,000 yuan to 535,000 yuan.
The BAIC Group’s New Energy ARCFOX αS currently has three models listed in the catalog, with maximum ranges reaching 525km, 603km, and 708km, respectively.
ChiNext, which has been in operation for more than ten years, has ushered in its biggest reform: piloting the registration-based IPO system.
Xpeng Motors said in a filing with SEC on Aug. 21 that the company plans to issue 85 million American Depositary shares in the range of $11 to $13 per share in their US IPO.
The coronavirus outbreak has dealt a severe blow to most industries. The high energy-consuming, labor-intensive fashion industry, however, bears the brunt.
Chinese EV manufacturer NIO released the BaaS battery rental scheme on Aug. 20, including features such as separation of the car and electricity, battery rental, recharging, exchanging and upgrades.
Richard Yu, the managing director and CEO of Huawei Consumer Business, introduces Huawei MateBook X series at the Huawei MateBook series new product launch conference in Shanghai.
Chinese electric vehicle manufacturer WM Motor is seeking to list its shares on the sci-tech innovation board (the STAR Market) after the completion of its D-round of financing.