Tesla China achieves record wholesale sales of 44,264 units in Aug, exports 31,379 units
Tesla China's wholesale sales reached a record 44,264 units in August, up 275 percent year-on-year and up 34 percent from July, according to data released Wednesday by the China Passenger Car Association.
Nio targets annual production capacity of 600,000 units by end of 2022, according to Deutsche Bank
Another 300,000 units of capacity will come from the plant currently under construction in NeoPark, which is expected to be completed in the second half of 2022.
Xpeng said to have formed venture capital arm
The fund's size is unknown, but it is much larger than Nio's venture capital arm, Nio Capital, the report said.
Li Auto to roll out new OTA update for vehicles, bring English language support
Li Auto said Wednesday it will push the latest version 2.2 OTA update to all Li ONE vehicles, the company's only model, by September 15.
Sinopec starts construction of new hydrogen production project in Guangdong
The project will be based on Sinopec's in-house developed technology and will be put into operation in the first quarter of next year.
Huawei execs visit Dongfeng Motor for talks in smart driving
The two sides had an in-depth exchange of views on cooperation in the fields of vehicle networking and intelligent driving.
Intel to launch Nio ES8-based robotaxi service test in Germany next year
Intel will launch a self-driving ride-hailing robotaxi service test in Munich next year, with plans to roll it out across Germany and eventually Europe in the next few years.
Nio announces plan to issue additional $2 billion ADSs via at-the-market offering
The company plans to use the net proceeds from the offering to further strengthen its balance sheet, as well as for general corporate purposes, Nio said.
Luxury car sales in China see rare decline in Aug
August retail sales of luxury cars in China were 278,000, down 9.4 percent year-on-year, according to a recent report by the China Automobile Dealers Association.
Nio, Sinopec put another jointly-built battery swap station into operation
Nio and Sinopec will soon partner to build the first local battery swap station in a highway service area in Guangxi, and will build a new battery swap station in another local city, Guilin.