Tag Archives: NIO Inc

China’s new electric cars cost more to insure than fuel-powered cars

In China, new energy vehicles typically receive green license plates – which is often easier for residents to apply for versus the blue license plate of a traditional fuel-powered car. Vcg | Visual China Group | Getty Images BEIJING — While Chinese companies churn out new electric cars, local insurance …

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China extends EV tax break; Li Auto shares fall after delivery outlook cut

Li Auto warned that “supply chain constraint” would mean the company will deliver fewer cars than expected in the third quarter. Meanwhile, China has extended a tax exemption for new energy vehicles until the end of 2023 as it looks to spur growth for electric cars. CFOTO | Future Publishing …

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Tesla supplier CATL evaluating battery swapping business overseas

CATL is the world’s largest electric vehicle battery maker and supplier to the likes of Tesla and Ford. Pavlo Gonchar | Sopa Images | Lightrocket | Getty Images The world’s largest electric vehicle battery maker CATL is evaluating whether to expand its battery swapping business to international markets, a senior …

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Xpeng breaks out of a lower price range with its more expensive car G9

Xpeng has announced its most expensive car to date. Pictured here at a store in Shanghai, China, on July 2021 are two of Xpeng’s previously released models, a P7 Wing Limited Edition in green and a G3 SUV in blue. Qilai Shen | Bloomberg | Getty Images BEIJING — Chinese …

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Chinese EV maker Xpeng launches rival to Tesla’s Full Self Driving system

Xpeng launched a feature that allows its cars to semi-autonomously navigate urban environments, marking its latest challenge to U.S. electric vehicle giant Tesla. The Chinese start-up announced Monday that it was piloting a feature known as City NGP, which stands for navigation guided pilot. Xpeng claims that City NGP will allow …

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Nio says Nvidia chip restrictions won’t hurt them

Chinese electric car company Nio said it doesn’t expect U.S. restrictions on Nvidia to affect the start-up’s business operations. Vcg | Visual China Group | Getty Images Li said Wednesday there are many companies in China with artificial intelligence training chips, and that Nio is evaluating opportunities to work with …

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China’s electric car companies are safe from the U.S. Nvidia chip ban

Nvidia has found success in China by selling automotive chips to the country’s electric car companies. But the U.S. semiconductor giant has been restricted from sending some products to China. So far, electric vehicle makers do not seem to be affected. Budrul Chukrut | Sopa Images | Lightrocket | Getty …

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Nio August EV deliveries grow while Xpeng, Li Auto fall; shares drop

Nio managed to grow deliveries of its electric vehicles in August versus July. However, rivals Li Auto and Xpeng saw a sharp fall in deliveries. EV players continue to face supply chain disruptions for the resurgence of Covid in China as well as weaker consumer demand due to a difficult …

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China EV maker Xpeng to launch a Tesla Model Y competitor in 2023

A new Xpeng P7 car is shown in the Xpeng Motors flagship store in a shopping mall. Xpeng P7 is one of the two popular models of Xpeng motors. Zhang Peng | LightRocket | Getty Images Chinese electric carmaker Xpeng teased details about two new vehicles it plans to release …

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China’s Alibaba teams up with Tesla rival Xpeng on driverless cars

XPeng is still focused in boosting the sales of its electric cars. But it has been focusing on building out future businesses in flying cars and robotics. Qilai Shen | Bloomberg | Getty Images Chinese e-commerce giant Alibaba and electric vehicle startup Xpeng are opening a computing center to train …

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