Market & Industry
Li Auto Inc. announces unaudited first quarter 2021 financial results
Li Auto Inc. announces unaudited first quarter 2021 financial results

Li Auto Inc. (“Li Auto” or the “Company”), an innovator in China’s new energy vehicle market, on May 26 announced its unaudited financial results for the first quarter ended March 31, 2021.

May 26 , 2021
Li Auto unveils new Li ONE, expects monthly delivery to reach 10,000 soon
Li Auto unveils new Li ONE, expects monthly delivery to reach 10,000 soon

The automaker expects its monthly delivery to reach 10,000 units in September.

May 26 , 2021
China to make vehicles fully electrified in public service area by 2035
China to make vehicles fully electrified in public service area by 2035

China expects the vehicles used in the public service area to be fully electrified and fuel cell vehicles (FCVs) to be commercially viable by 2035, according to an action plan drawn up by China’s Ministry of Industry and Information Technology.

May 26 , 2021
JAC continues to offer NIO contract manufacturing service for three years
JAC continues to offer NIO contract manufacturing service for three years

NIO announced on May 24 it has signed agreements with Anhui Jianghuai Automobile Group Co.,Ltd. (JAC) and Jianglai Advanced Manufacturing Technology (Anhui) Co.,Ltd. (Jianglai) for the joint production of NIO’s vehicles and relevant fee arrangements.

May 25 , 2021
Huawei once again reiterates resolution not to build cars
Huawei once again reiterates resolution not to build cars

Huawei issued a statement on May 24 to reiterate that it will not build cars, saying “this long-term strategy has been clear in 2018, and nothing has changed.”

May 24 , 2021
SAIC Motor’s R Auto about to tap into European market
SAIC Motor’s R Auto about to tap into European market

R Auto, a premium new energy vehicle (NEV) brand of SAIC Motor Passenger Vehicle Co.,Ltd. (SAIC Motor PV), is about to tap into European markets, including Germany, France, the Netherlands, and Norway, according to a local media outlet.

May 24 , 2021