Your daily updates around automobile industry
Chinese electric-vehicle upstart Nio Inc. posted a wider-than-expected loss in the fourth quarter, a year after a government cash injection saved the company from bankruptcy. Credit: bloomberg.com The net loss amounted to 1.39 billion yuan ($203.6 million), compared with 2.86 billion yuan a year earlier, the New York-listed company said in a statement on Monday […]
Sales of passenger cars in China, which has been the world’s biggest car market since 2009, have increased for 2 months while Europe’s market slumped 18% in August. Bloomberg: For two years, falling sales seemed to spell the end for China’s time as the world’s most vital car market. Then came the coronavirus, followed by a swift […]
While Tesla’s Model 3 sedan is supposedly taking the world by storm, some hot competition has been reported in China. The Hongguang MINI EV has eclipsed the offspring of Elon Musk to become the country’s best-selling electric vehicle. Though at just 28,800 yuan ($4,200), it hardly seems a fair comparison. Tesla’s minimalist sedan is larger […]
Another Chinese EV startup files for US.. listing. Upstart Chinese electric vehicle maker, Xpeng Motors has officially filed for its initial public offering (IPO) on the New York Stock Exchange. The move wasn’t a surprise and had been anticipated for some time now. The announcement makes XPeng the third electric vehicle manufacturer out of China to list its shares […]