Phate Zhang

The Luxeed R7 will be the second model under the Luxeed brand jointly created by Huawei and Chery and will be the first coupe SUV under Huawei's HIMA business.

“No Model Y 'refresh' is coming out this year,” Musk said.

The Moroccan government signed an investment agreement with Gotion for the gigafactory with initial battery capacity of 20 GWh.

The last time a Tesla model's delivery wait time in China was reduced to as low as 1 week was on December 26, 2022.

Nio and GAC Group's energy units have entered into a charging network sharing partnership, the first substantial development in the collaboration between the two carmakers that was agreed a month ago.

IM Motors' first EREV model will be an SUV, which will be launched in the first quarter of 2025, according to local media.

Nio reports generally solid first-quarter result and provided a better-than-expected second-quarter volume outlook, said Deutsche Bank.

Deliveries of the first model of Nio's third brand, codenamed Firefly, will begin in the first half of 2025, Nio management said.

Nio guided for second-quarter deliveries of between 54,000 and 56,000 units, meaning June deliveries are expected to be between 17,836 and 19,836 units.

Firefly's first model will make its debut in China, possibly at the end of this year, before launching in Europe in the first half of next year, according to local media.