Phate Zhang

Li Auto began offering final payment reductions and 3-year 0-interest financing on L-series models, allowing buyers to save up to RMB 38,000 ($5,210).

Deutsche Bank expects the Nio main brand to deliver around 8,000 units in February, and the Onvo sub-brand around 5,000 units.

Li Auto will upgrade the smart driving chips in updated models, starting to use the Nvidia Thor-U chip and providing LiDARs as standard across all models.

In the first three quarters of 2024, Chery achieved a net income of RMB 11.3 billion, up 58.5 percent year-on-year.

The SU7 Ultra starts at RMB 529,900 ($72,930), 34.97 percent lower than Xiaomi's previously marketed pre-sales price.

The SU7 Ultra, which starts at RMB 529,900 ($72,930), is Xiaomi's new luxury car for this era, the ultimate "Dream Car," said its CEO.

By the end of 2024, the SU7 had accumulated more than 248,000 locked-in orders in just nine months since its launch, Xiaomi CEO Lei Jun said.

Li Auto delivered 158,696 vehicles in the fourth quarter, below the lower end of its guidance range of 160,000 to 170,000 units.

In the UAE, a single battery swap service costs AED 119 ($32) for a 100-kWh battery pack and AED 99 for a 75-kWh pack.

There have been frequent cases of LFP producers receiving large orders, and some of the big players are raising prices.