Chinese EV makers

Chinese automaker NIO Inc. (NYSE:NIO) has pushed back against the President Donald Trump administration’s move to declare the Tesla Inc. (NASDAQ:TSLA) rival a Chinese military company. Nio Threatens Legal Action On Tuesday, Nio released an official statement condemning the decision by the...

Editor’s note: This story has been updated to correct the year for Stellantis’ free cash flow target. Stellantis (NYSE:STLA) announced a new five-year strategic plan on Thursday, committing to a €60 billion ($69.7 billion) investment. CEO Antonio Filosa announced at the automaker...

NIO Inc – ADR (NYSE:NIO) stock has pulled back and moved into a technical correction after falling by 12.5% from its highest point in April this year. This retreat could be part of the formation of the cup-and-handle pattern, pointing to a rebound as it publishes its results on Thursday this week....

BYD Co. Ltd. (OTC:BYDDY) (OTC:BYDDF) and Xpeng Inc. (NYSE:XPEV) are reportedly in talks with manufacturers to incorporate their underutilized production facilities in Europe as it looks to bolster their overseas presence. BYD To Incorporate Underutilized Plants? BYD held talks with Stellantis NV (...

EV demand across the globe surged in April as steep gas prices and uncertainty over the Iran war continued to drive a shift in consumer perception of internal combustion engine (ICE) vehicles. EVs Decline In North America, Europe Posts Gains Despite an uptick in registrations for EVs and plug-In...

An ex-diplomat from Canada, who China detained earlier, expressed concerns about the influx of Chinese-made EVs in the Canadian market on Tuesday, outlining that Ottawa’s deal could put Canada on the back foot. Drive Out Local Competition Michael Korvig, who was imprisoned by Beijing for...

Chinese automaker Nio Inc. (NYSE:NIO) has officially kicked off deliveries for its Firely EVs in Greece and Denmark. Deliveries Commence In Europe Taking to the social media platform Weibo, the company shared that the Firefly EV was heading to Europe. "Delivery has officially begun in the...

BYD Co. Ltd. (OTC:BYDDY) (OTC:BYDDF) has launched a $15,000 EV as the electric vehicle price war heats up in the Chinese domestic market. What Happened: Available in two trim levels, the Seal 06 EV offers a range of 292 miles with the 46 kWh battery pack, while the long-range variant is good for...

In response to the increased tariffs imposed by the European Union and the United States, Chinese electric vehicle (EV) manufacturers are exploring Africa as a potential market. What Happened: The decision by the EU and U.S. to impose higher tariffs on Chinese EVs has led Chinese companies to seek...

A significant majority of young Americans are reportedly open to the idea of purchasing Chinese electric vehicles (EVs), despite potential data privacy risks. What Happened: A study conducted by AutoPacific found that 76% of Americans under the age of 40 would consider buying a Chinese EV. The...

In a significant milestone for the Chinese automotive industry, Zhejiang Geely Holding Group (OTC:GELLY) has secured a spot in the global top 10 for auto sales in the first quarter of 2024, a first for any carmaker from the Asian country. What Happened: According to a report by...

BYD Co. (OTC:BYDDF), a leading Chinese electric vehicle manufacturer, is set to launch its budget-friendly electric vehicle in Europe, posing a significant challenge to local automakers. What Happened: BYD, which overtook Elon Musk‘s Tesla, Inc. (NASDAQ:TSLA) in the last quarter of 2023 to...

Last week, employees at a BYD Co. (OTC:BYDDY) (OTC:BYDDF) factory in China reportedly went on strike, protesting against changes in their work schedules that would reduce their income. What Happened: According to CarNewsChina, citing local media, the strike began last week at the BYD...

Chinese EV makers Nio Inc (NYSE:NIO) and Xpeng Inc (NYSE:XPEV) are reportedly taking over 200 days to pay their suppliers, more than twice their larger rival Tesla Inc (NASDAQ:TSLA). What Happened: While Nio took around 295 days to clear its receipts as of the end of 2023, XPeng took 221 days,...

Chinese EV maker XPeng Inc (NYSE:XPEV) is now looking to hold its own AI Day next week after American EV giant Tesla, Inc. (NASDAQ:TSLA) dropped holding the event due to concerns about potential imitation. What Happened: XPeng’s AI day press conference live will start at 7:30 pm local time on...