Xpeng, Li Auto face quality concerns after car fires

By Jill Shen

Vehicle fires involving electric cars from Xpeng and Li Auto are sparking quality concerns a year after a series of blazes involving Tesla and Nio cars drew widespread media attention.

Why it matters: The incidents come just as Xpeng Motors and…

Nio shares fall after Q2 earnings on battery swap doubts

By Jill Shen

Shares for Chinese electric vehicle maker Nio fell 8.6% on Tuesday after the company posted better-than-expected gross profits for the second quarter amid concerns over the long-term scalability of its ambitious battery-swap program.

These second-qu…

Drive I/O | The untold story of Li Auto

By Jill Shen

Founded by a titan in China’s entrepreneurial community and backed by a battle-hardened internet billionaire, on July 30 Li Auto became the second Chinese new energy vehicle (NEV) maker to list on an American stock market after its $1.1 billion Nasdaq …

EV maker Xpeng raises additional $300 million: report

By Chris Udemans

Electric vehicle (EV) startup Xpeng has raised an additional $300 million as part of the company’s Series C+, bringing the total amount raised in the round to $800 million.

Why it matters: The deal reflects growing optimism in China’s electric vehic…

China’s top must-have apps: 2020

By Wang Boyuan

App of the year: Health code

Who’d have thought the app of apps, the one that defines 2020 in China would be web-based? Now in most Chinese cities, QR code-scan checkpoints are at the entrances of just about everywhere you go. There’s no getting thr…