Phate Zhang

Gotion's chairman said the battery maker will set up a project team to communicate with Nio on technologies, and expects to see substantial results from their cooperation soon.

More than 80 percent of Yangwang U8 owners are business owners, partners or company executives, and 90 percent own more than 2 cars.

Production of the Leapmotor T03 small EV will begin as early as the second quarter of this year, using so-called semi-knocked down (SKD) technique, according to Reuters.

Tesla has told employees and some suppliers to prepare for an extension of production limits through April, according to Bloomberg.

Zhongan and Nio Power will jointly promote the construction of 1,000 battery swap stations, creating an open energy network and a battery asset management and operation system, Nio said.

Li Auto previously aimed to sell as many as 800,000 vehicles in 2024, and become the best-selling premium car brand in China.

The joint venture plans to launch a new product, including NEVs, every three to six months starting this year, with two new products to be launched this year.

Li said in a short video on Douyin that he took test rides and test drove the first model of the Onvo brand on the Nio factory campus.

The updated delivery guidance means that Li Auto now expects it to deliver between 24,584 and 26,584 vehicles in March.

Li Auto incorrectly treated a period of commercial validation as a period of rapid growth with the Li Mega, and this strategic miscalculation was the essential reason for the model's issues, its CEO said.