Nio

Sales of new energy vehicles in China is expected to reach 20% of total car sales by the end of 2025, the state council says.

Tesla increased Model 3 production capacity at its Shanghai Gigafactory to 250,000 units a year and it is building a new factory for its Model Y.

The investment indicates investors are picking up confidence in the ride-hailing sector again after a two-year winter.

Faraday Future will use the new funds to support mass production of its FF 91 model.

Joynext has been developing so called 5G V2X in-car hardware for autonomous vehicles to enable communication between vehicles, passengers, and road infrastructure.

But its growth pace still lags behind Tesla by a mile.

Tesla aspirant surges over 50% on trading debut after USD 1.5 billion upsized offering.

The EV maker plans to enlarge its on-duty staff to 200 in the coming two weeks.