Polestar 3 officially unveiled in China, price cut by about $29,080 from previous
Polestar has officially unveiled the Polestar 3 in China today with what it calls a new pricing system.
Vlogger ordered to apologize and pay damages to Nio for spreading false info
The vlogger was ordered to publish an apology on his channel and pay Nio financial damages of RMB 80,000 yuan ($11,640).
BYD adjusts organizational structure to prepare for higher sales, report says
BYD's biggest organizational change so far this year is to let its car brands operate independently, according to local media.
Xpeng to launch City NGP driver assistance feature in Shenzhen
Xpeng previously said the City NGP feature will be implemented on multiple models in several cities, including Shenzhen and Shanghai, starting in March.
Tesla parts supplier Ningbo Tuopu signs cooperation deal with Nio
Ningbo Tuopu said its strategic partnership with Nio uses an innovative T0.5 collaboration model that will provide the latter with better products and services.
Li Auto's Beijing plant expected to see 1st vehicle roll off line by Sept
Li Auto's first all-electric model will go into production at its Beijing plant, with an annual capacity of 100,000 all-electric vehicles in the first phase.
Xpeng finishes consolidating sales system to improve efficiency, report says
The management teams of Xpeng's direct sales channel and its authorized dealer channel have been combined to reduce unnecessary competition for interest from within, according to local media.
CATL to reach new price agreement with automakers as soon as end of Mar, report says
The price of lithium, a raw material for batteries, has accelerated its decline, with industrial-grade lithium carbonate falling RMB 7,500 per ton to RMB 302,500 per ton today.
Xpeng earnings preview: Q4 to be soft with promotions hitting margins
"We expect generally soft results and a weak 1Q23 outlook due to challenging demand and pricing dynamics," Edison Yu's team said.
China NEV insurance registrations for week ending Mar 12: BYD 37,141, Tesla 17,032, Nio 2,170
Tesla vehicles were 17,032, up from 13,266 the previous week. Nio was 2,170 units, down from 3,345 the previous week.