
Li Auto's L9 Crashes Again During Test Drive
Li Auto's L9 model, claimed by the firm to be "the best household SUV within 5 million yuan," on July 26 suffered another accident during a test drive.
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Li Auto's L9 model, claimed by the firm to be "the best household SUV within 5 million yuan," on July 26 suffered another accident during a test drive.

On Wednesday, Lei Jun, Co-Founder and CEO of Xiaomi, announced via his Weibo account that Xiaomi Auto Co. Ltd has been officially established, with registered capital of 10 billion yuan ($1.5 billion).

On April 10th, NIO announced that its Navigation on Pilot Plus (NOP+) system will be officially released and available for subscription starting from July 1st. It supports monthly subscriptions at a price of RMB 380 per month (about USD 55).
<p>Sebelum ini, syarikat itu membeli 10 eTruck elektrik tulen BYD ETM6 dan bekerjasama dengan rakan strategik, pengedar BYD eTruck Belanda Bluekens EV.</p>

On November 20th, Xiaomi held its financial report conference call. William Lu revealed the progress of Xiaomi's car manufacturing.

Sources have revealed that NETA Auto has secured around 6 billion in funding, but did not disclose the specific currency.

Chinese new energy vehicle company NIO announced on July 6 that it has officially brought its 1,000th battery swapping station into operation in Lhasa, Tibet.

Chinese battery giant Contemporary Amperex Technology Co., Limited (CATL) released the third generation of its cell-to-pack (CTP) technology on Thursday. Li Auto and NETA Auto will launch products equipped with CTP 3.0.

Li Auto, a new energy vehicle maker in China, on Friday announced its unaudited financial results for the fourth quarter and full year ended December 31, 2021.

The CPCA released the sales volume of the domestic passenger car market in March. Data show that during the month, retail sales of passenger cars reached 1.579 million units, down 10.5% year-on-year and up 25.6% quarter-on-quarter.

Chinese EV firm WM Motor is facing scrutiny amid rumors of reduced electricity storage, causing the cruising range to decline significantly.

Xiaomi's vehicle manufacturing business has been established for more than a year now, and related rumors have emerged one after another from within the industry.