Ella Cao

Ella Cao is a 2019 graduate of the University of Connecticut with majors in journalism and communications. She worked as a campus correspondent on the Daily Campus, covering campus-related stories and administrative decisions as well as taking cover photos and interview clips. From January 2020 til July, she worked as an editorial intern at Thomson Reuters, Beijing branch, helping monitor mainland news development, conduct in-depth research and assist in story conceptualization and planning.

Contact Author: [email protected]

NIO Delivers 3,965 Vehicles in August, Year-on-year Growth Mounts 104%

NIO delivered a total of 3,965 units in August, a year-on-year increase of 104.1%, setting a new monthly high.

Xiaomi Market Value Reaches HK$600 Billion, Share Price Soars 6%

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%.

Li Auto Delivers 2,711 Units in August, New High for Monthly Deliveries

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 Plans to Raise 5 Billion to Ease Debt Pressure, Market Cap Soars 13% after 5-for-1 Stock Split

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.

Xpeng, Li Auto Stock Price Plunge, NIO Soars Against Trend

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%.

Cambricon Semi-annual Financial Report: Sales Increases by 11%, Revenue Drops by 11%, Market Value Falls by 40%

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 Plans to Offer 75 Million ADSs, Targets $1.5 Bln to 1.7 Bln

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.

Xpeng Motors Soars 41.47% on First Day of Listing, Market Cap Reaches $15 Billion

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.

Xiaomi Releases Q2 Financial Report: Mid-to-high-end Smartphone Sales Surge

Chinese smartphone and smart hardware manufacturer, Xiaomi Group, recently released its second-quarter financial report for 2020.

Baidu Apollo Go Robotaxi Service Seeks Passenger Trials in Beijing

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.

Shares of NIO and Li Auto Soar, Xpeng Closes IPO ahead of Schedule

On Aug. 25, UBS boosted the rating of NIO from "sell" to "neutral" and bumped its price target from $1.00 to $16.30.

US Files Final Ruling: No Ban on DJI Drones in the US

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.

Tesla Announces Model Y Presale Price, Shanghai Gigafactory Almost Complete

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.

BAIC’s New Energy ARCFOX αS Reaches Maximum Range of 708km, Beats Xpeng P7

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.

First Batch of Companies under ChiNext New Registration-Based IPO System Kick off Trading under New Rules

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 Updates Prospectus with Plan to Raise up to $1.2 Billion

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.

Amidst Shifting Consumer Trends and Values, Fashion Industry Looks Towards Sustainable Future

The coronavirus outbreak has dealt a severe blow to most industries. The high energy-consuming, labor-intensive fashion industry, however, bears the brunt.

NIO Releases BaaS Battery Rental Service, Takes Lead in Business Model Innovation

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.

Huawei Launches New Premium Lightweight MateBook X, Leads Trend of 3rd-Gen Mobile Office Equipment

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 EV Maker WM Motor Plans to List on Star Market in 2021, Source Says.

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.

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