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Tesla Updating Software After Latest Battery Fire

Tesla Updating Software After Latest Battery Fire

Responding to the latest in a series of fires involving its electric vehicles’ battery packs, Tesla will updated its digital control software. The move comes in the wake of a pair of fires in China, a critical market for the manufacturer, both involving parked...
China Car Sales Tumble for 10th Consecutive Month

China Car Sales Tumble for 10th Consecutive Month

For much of the past two decades, China’s new vehicle market was the envy of the world, with routine double-digit annual growth approaching triple-digit gains on several occasions – but the numbers were down 14.6% in April, marking the 10th consecutive monthly...
Chinese EV Maker Niro Charged Up for Battery Swapping

Chinese EV Maker Niro Charged Up for Battery Swapping

While most EV makers and battery producers scramble to find a way to reduce battery charging times, Nio – known as China’s Tesla – is taking a different approach by swapping batteries as a way of recharging in the same amount of time it takes to refill a gas tank....
Chinese EV Maker Nio Eyes $1.8B IPO on NYSE

Chinese EV Maker Nio Eyes $1.8B IPO on NYSE

A Chinese electric vehicle start-up, Nio, which is backed by one of China’s largest technology companies, is preparing for a $1.8 billion initial public offering of its American depositary. It represents the biggest U.S. listing by a Chinese automaker, according...
Chinese Automaker Nio Aims for $2b U.S. IPO

Chinese Automaker Nio Aims for $2b U.S. IPO

It has yet to sell a single car in the United States, but that hasn’t stopped Chinese electric vehicle startup Nio from putting together a consortium of American banks charged with setting up a U.S. IPO that could raise as much as $2 billion in capital. While that’s a...