Li Auto's net income rose 86.24 percent in the second quarter from the first quarter, while gross margins slipped to 19.5 percent.
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Author: Phate Zhang
Li Auto’s net income recovers in Q2 while gross margin slips further
Li Auto's net income rose 86.24 percent in the second quarter from the first quarter, while gross margins slipped to 19.5 percent.
For details, please visit CnEVPost.
Xpeng’s in-house AI chip for EVs, robots, flying cars hits major milestone
Xpeng's Turing chip saw a successful tape-out, with one chip having three times the computing power of the autonomous driving chip it currently uses.
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Xpeng launches Mona M03 to rival Tesla Model 3 at half price
Xpeng announced shortly after the launch event that the Mona M03 saw firm orders exceed 10,000 units in 52 minutes.
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Nio Onvo to open 1st batch of over 100 stores on Sept 1
Onvo will see its first batch of over 100 stores open on September 1, covering 55 cities, as the official launch of its first model, the L60, nears.
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China EV insurance registrations for week ending Aug 25: Nio 4,600, Tesla 14,200, Xiaomi 2,100, BYD 87,800
Li Auto had 11,600 insurance registrations last week, Xpeng 2,800, Zeekr 3,000, Leapmotor 6,200 and Aito 9,000.
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Leapmotor CEO pledges to increase shareholding in company
Leapmotor executives, including the CEO, plan to increase their holdings of the company's Hong Kong-traded shares by up to RMB 300 million ($42 million) over a six-month period.
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Canada to impose 100% tariff on Chinese EVs, report says
The Canadian government plans to announce a 100 percent levy on EVs from China and 25 percent on steel and aluminum, Bloomberg reported.
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Xpeng CEO increases shareholding in his firm
Xpeng CEO increased stake in his company in Hong Kong and US stock markets, and plans to increase it further.
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Neta launches Neta S shooting brake: Starts at $22,440, offers BEV and EREV options
The most powerful variant of the Neta S shooting brake BEV can sprint from 0 to 100 kilometers per hour in 3.9 seconds.
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