Nio still hopes to expand global presence to up to 25 countries and regions by 2025
Nio hopes to enter more than 90 percent of overseas markets in the next five to ten years.
Xiaomi reports $1.3 billion in revenue from EV business in Q3 with 39,790 deliveries
In the third quarter, Xiaomi's innovation business, which includes EVs, had a gross margin of 17.1 percent and an average vehicle sales price of RMB 238,650.
Nio Onvo aims to have up to 1,000 stores by end of 2025, report says
Onvo aims to have at least 500 stores by March next year and 800-1,000 by the end of 2025, according to local media.
Xiaomi says SU7 deliveries have exceeded 100,000, reveals new target of 130,000 for 2024
The new target means that Xiaomi is set to deliver 30,000 units in the next less than one and half months.
BYD reaches 10 millionth NEV production milestone
BYD was founded in February 1995 with an initial workforce of around 20 employees. Now it has become one of China's largest automakers, with a total workforce of more than 900,000.
Xpeng signs distributor deal to enter UK market, G6 to go on sale locally in early 2025
Xpeng has signed a distributor agreement with International Motors Ltd and its first model to launch in the UK market will be the G6 -- a Tesla Model Y competitor.
Nio enters Azerbaijan market with unprecedented distributor deal
Nio appointed Green Car as its national distributor in Azerbaijan and will start delivering vehicles in the country in the second quarter of 2025.
Avatr plugs into Nio's charging network
Avatr, previously known as Changan Nio, plugged into Nio's charging network, becoming the 14th brand to do so.
Baidu-backed Jiyue unveils Robo X electric supercar, production set for 2027
Jiyue said the Robo X comes with a high-performance drive system and can sprint from 0 to 100 km/h in less than 1.9 seconds.
BYD Yangwang starts pre-sales of U7 luxury sedan
Yangwang has begun pre-sales of the U7 without releasing pricing information. The BYD sub-brand previously said the U7 would be priced in the 1-million-yuan level.