Updated versions of BYD's Han and Tang are poised to take the price war further into the mid- to high-end EV market.
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Author: Phate Zhang
BYD chairman doubles proposed share buyback amount to boost investor confidence
BYD chairman Wang Chuanfu doubled the amount of his proposed buyback of the company's shares in the A-share market to RMB 400 million from RMB 200 million and will be used to reduce registered capital.
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Nio’s swap station in Denmark has begun offering frequency regulation service to power grid
The service barely affects battery swap stations' ability to provide service to car owners, with one station bringing in revenue in the tens of thousands of euros a year, according to a Nio vice president.
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Lotus Tech debuts on Nasdaq with slightly lower market cap than Nio
Lotus Technology has a market capitalization of $9.3 billion, higher than Xpeng's $8.1 billion and slightly lower than Nio's $11.2 billion.
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BYD’s battery unit FinDreams commits to carbon neutrality by 2045
"Against the backdrop of increasingly severe global climate change, we must take proactive measures to reduce carbon emissions," FinDreams said.
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Li Auto fires 2 employees for unauthorized paid interviews
The actions of the two employees led to the leakage of the company's trade secrets, with serious consequences, Li Auto said.
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Tesla recalls 8,700 cars in China as reverse camera image may fail to display
Some of the vehicles included in the recall have unstable camera integrated circuit communication due to a software issue that may cause the reverse camera image to fail to display, according to an announcement.
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Xiaomi denies after report says Xiaomi EV buyers could get free Beijing license plates
Earlier today a report claimed that Xiaomi may offer 2,000-3,000 free Beijing license plates as a promotional effort.
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Nio testing use of humanoid robots on factory production line
Humanoid robot maker UBTech showed its Walker S robot working on an assembly line at a Nio factory in a video.
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HiPhi founder apologizes to employees, says firm has only 3-month window left
Ding Lei said that he was using old-fashioned business strategies and was no match for his counterparts from Internet companies. He also said that there have been companies expressing interest in HiPhi, including acquisitions and investments.
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