Phate Zhang

Employees at Rising Auto are expected to be laid off by more than 70 percent, while the remaining employees are likely to get a pay cut, according to local media.

Nio confirmed the Onvo name and said the brand's official launch is expected in early-mid May.

Nio has dramatically restructured its BaaS battery rental option in an attempt to make its cars more attractive in the face of fierce price competition, though emphasizing that it's not a response to the ongoing price war.

CATL will also plan and develop battery systems of longer service lives for Nio's upcoming models.

The Xiaomi EV factory, which started construction in April 2022, has seen an increasing number of vehicles parked in the parking lot in the last ten days.

Two uncamouflaged spy photos of a model allegedly under Nio's second brand are circulating on social media today, with the rear end showing the vehicle's English brand name as Onvo.

Nio's BaaS (battery as a service) service will be upgraded and the company will hold a user communication session following the announcement of the strategy.

That new version of the Xiaomi SU7 is a single-motor model with more weight, which could mean a larger battery pack and range.

The refreshed BYD e2 starts at RMB 89,800, or $12,500, down from RMB 102,800.

Avatr is offering a new version of its Avatr 11 SUV available for this month only at a starting price of RMB 250,000, down from RMB 300,000 for the model's previous entry-level version.