China Jan passenger NEV retail sales expected to fall over 40% from Dec, CPCA says
Auto dealers' sales pace was disrupted in January due to the impact of the Covid infection wave and the early timing of the Chinese New Year, the CPCA said.
Li Auto aims to be world-leading AI firm by 2030
City NOA capabilities that enable end-to-end training without relying on high-precision maps will be available by the end of 2023 and will be an important starting point for Software 2.0's transformation of the physical world, said Li Auto's CEO.
Xpeng to launch 5 models in 2023, not 3 as previously thought
Xpeng is expected to launch facelifted versions of three existing models, the P7, G3 and P5, as well as two new models, including a coupe SUV and an MPV.
Nio ET5 wait time reduced to 3-4 weeks, ET7 and ES7 get slightly longer
Nio vehicles registered 2,818 and 2,963 insurance units in China in the first two weeks of January, respectively.
Cathie Wood's ARKQ now holds just 200 shares of Nio after constantly unloading over past 10 days
In the meantime, ARKQ has also sold its shares of Xpeng three times this month and now holds about $3.77 million worth of the company's stock.
Nio president reveals further details on sub-brand models, Nio phone and more
Deliveries of vehicles under Nio's sub-brand codenamed ALPS are expected to begin in 2024, and deliveries of the company's first phone model are expected to begin in the third quarter of this year.
BYD orders 2 vehicle carriers from local shipbuilder Guangzhou Shipyard International
The order is BYD's first for car carriers, each capable of carrying up to 7,000 vehicles.
Baillie Gifford adds 24 million shares of Nio, clears position in Li Auto in Q4
Baillie Gifford increased its position in Nio ADR by 25.09% during the fourth quarter, valued most recently at $1.18 billion.
Audi wins lawsuit against Nio in Germany over ES6 and ES8 naming
A German court has ruled that the Nio ES6 and ES8 sound too similar to Audi's existing S6 and S8 models.
Nio replaces head of vehicle engineering to speed up R&D, report says
The move by Nio is aimed at further focusing resources, speeding up vehicle development and efficiency to increase leverage for future competition, according to local media.