XPeng (XPEV) G9 SUV earns 5-star safety rating from Euro NCAP
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Tesla (TSLA) China plans to build auto research center in Thailand as EVs gain popularity
December 8, 2023 3:43 PM ESTThailand revealed Friday that China is planning to establish a China Automotive Technology and Research Center (CATARC) in the region, the fourth such facility in the world.
Tax incentives and subsidies offered by the Thai government have successfully attracted Chinese car manufacturers such as BYD and Great Wall... More
Chinese auto sales surge 25% in November, marking fourth consecutive month of growth
December 8, 2023 9:03 AM ESTChina witnessed a 25.5% surge in passenger vehicle sales this November compared to last year, marking a faster pace of growth than the previous month and continuing an upward trend for the fourth consecutive month.
Industry data released on Friday by the China Passenger Car Association (CPCA) revealed that car sales reached 2.1 million units last month, showcasing an acceleration from the 9.9% increase observed in October. This surge in sales was propelled by intensified price competition among automakers striving to achieve their sales targets.
November witnessed a remarkable... More
Nio (NIO) gains following narrow 3Q losses
December 5, 2023 2:54 PM ESTShares of Chinese electric automaker, Nio Inc. (NYSE: NIO) jumped 4% after the company released their 3Q earnings report showing narrowing losses.
Nio announced revenue of 19.07 billion yuan in the quarter, coming in behind the consensus estimate of 19.4 billion. Revenue rose 47% year-on-year.
The automaker reported an adjusted EPS loss of 2.67 yuan, missing an expected loss of 2.53 yuan.
Investors are directing their attention towards the Chinese electric carmaker's capacity to exhibit greater... More
China releases safety guidelines for autonomous public vehicles
December 5, 2023 9:38 AM ESTChina released safety protocols on Tuesday governing the deployment of self-driving vehicles in public transportation, marking another step in readiness for the growing integration of autonomous cars.
The guidelines cover self-driving vehicles designated for transporting passengers, such as taxis, and those involved in freight transportation, as highlighted by the Ministry of Transport's official statement.
They specifically address... More
XPeng (XPEV) G9 places third in Denmark’s 2024 Car of the Year
December 4, 2023 2:55 PM ESTXPeng Motors (NYSE: XPEV), a prominent Chinese electric vehicle manufacturer, clinched the third position in Denmark's Car of the Year 2024 awards last week with their leading XPeng G9 SUV.
Organized by the association of Danish Motor Journalists, Denmarks prestigious Car of the Year award celebrates vehicles... More
