
NIO Plans to Launch Ultra-Luxury Vehicle for Over $144K
A NIO insider familiar with the firm's new high-end vehicle project disclosed that "NIO is going to make its own 'Maybach'."
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A NIO insider familiar with the firm's new high-end vehicle project disclosed that "NIO is going to make its own 'Maybach'."
Wu Bing, the CEO of Rising Auto, a smart electric vehicle brand owned by Chinese industry giant SAIC, said that the R7 mid-to-large size SUV will be launched in late September.
A leaked memo from XPeng Motors, a Chinese intelligent electric vehicle company, shows that the company is still continuing its organizational structure adjustment. A new financial platform was recently set up within the firm, aiming at improving cost controls and the compliance ability of the financial system.
On the evening of July 5, Sunwoda announced that Sunwoda Electric Vehicle Battery Co., Ltd. (Sunwoda EVB), its holding subsidiary, had recently received an order from SAIC MAXUS for a BEV project.
On October 11, ZF Friedrichshafen AG, also known as ZF Group, the world's leading automotive technology supplier, signed a strategic cooperation agreement with NIO, a Chinese new energy brand, in Munich, Germany.
Recent high temperatures have pushed the power loads of many Chinese provinces to record highs. Many regions across the country have decided to adopt off-peak power consumption or suspended industrial production measures.
Shenzhen-based automotive company BYD announced on August 27 that it will launch a variety of new energy vehicle models for the European market this fall, including the BYD Tang, Han and Yuan PLUS.
XPeng Motors announced on the evening of September 25 that its chairman and CEO, He Xiaopeng, bought 2.2 million company shares in the open market on September 23, for an average price of $13.58 each and resulting in an overall increase of $29.876 million.
On the morning of October 24, Tesla released the Q3 financial report for 2019. It shows that its profits reached $143 million, with the company’s per car revenue rate increasing by 22.8%.
On August 30, China Petroleum and Chemical Corporation (Sinopec) announced that its first community supercharger station, Lianhua Supercharger Station, was completed and put into use in Longyan City, Fujian Province.
BYD and Alexander Dennis Limited jointly announced that they have completed the first two extra-large electric buses BYD ADL Enviro200EV XLB for Howick & Eastern by Transdev in New Zealand.
The recent series of new energy policies in China has promoted more customers to the stores. Tesla China now provides gifts for replacing fossil fuel-based vehicles with electric models.