Phate Zhang

The layoffs should be around 10 percent, with some variation by region, according to a local media report.

Nio Inc delivered a record 72,689 vehicles in the fourth quarter, within its guidance range of 72,000 to 75,000 vehicles.

Li Auto said the Li i8 has completed two winters and two summers of durability and performance verification in 300 cities across China.

Xpeng was 8,500 units, Li Auto 7,300, Zeekr 3,100, Leapmotor 5,900, Aito 2,600.

Leapmotor achieved net income of RMB 80.9 million ($11.1 million) in the fourth quarter of 2024, its first positive quarterly bottom line since its 2015 inception.

Nio has introduced a CBU system to strengthen cost control, and multiple functions will be downsized based on full-year targets, according to local media.

A recent widely discussed media story about an interview with William Li actually comes from December 22, 2024.

Tesla sold 26,777 vehicles in the Chinese domestic market in February, down 11.16 percent year-on-year and down 20.55 percent from January.

Starting April 1, Shanghai will subsidize 40 percent of equipment investments in battery swap stations open to other brands for a period of five years.

Denza began pre-sales of the N9 on February 21, with a pre-sales price range of RMB 450,000 ($62,000) to RMB 550,000.