Tesla, Nio supplier CATL to build manufacturing base in Shanghai
CATL and the Shanghai government signed an agreement to build a manufacturing base in the city that is expected to make it more convenient for Tesla's battery supply.
Xpeng establishes intelligent manufacturing company in Wuhan
On July 31, Xpeng's new factory project in Wuhan Economic and Technological Development Zone was launched.
Citi initiates coverage on Li Auto with Buy rating and HK$165 price target
Citi has initiated coverage of Li Auto's Hong Kong shares with a Buy rating and a HK$165 price target. Li Auto closed at HK$106.3 on Tuesday, and the price target implies a 55 percent upside.
Auto chip shortage fears return as Malaysia's Covid-19 outbreak worsens
The tight supply of automotive chips, which had eased in recent months, seems to have returned.
Police back Nio's claim that it did not redact accident vehicle data
Nio previously denied claims that its technician had private access to the vehicles involved in a fatal accident. Now, remarks from the police give it support.
BYD's average selling price has surpassed VW's in China
In July, BYD's cars reached an average selling price of about RMB 156,000, nearly RMB 10,000 higher than VW's.
Entrepreneur died in Nio ES8 crash 'trusted' NOP so much he used it for 52% of his July driving miles
The young entrepreneur who died in the crash drove a total of 5,960 kilometers in July and used NOP for 52.2 percent of the miles, according to the car's driving data.
China's July auto exports hit another record high, with NEVs contributing 31.5%
China exported 140,000 passenger cars in July, up 16.8 percent from the previous month and 2.1 times higher year-over-year.
Shanghai sees 133,000 new energy vehicles registered in H1
By the end of June, Shanghai had 513,000 new energy vehicles, of which 235,000 were pure electric vehicles.
Tesla reaches 7,000 Superchargers in Chinese mainland
Tesla installed its first Supercharger in China in Shanghai in April 2014.