Zeekr secures $750 million in Series A funding, bringing valuation to $13 billion
Zeekr filed a draft registration statement for a potential IPO with the SEC on December 7 on a confidential basis.
Nio vehicles still sell at higher average prices than BMW in China, despite lower-priced ET5 becomes key to sales
Nio vehicles sold for an average of RMB 413,300 ($60,700) in January, higher than BMW's RMB 399,400 and Lexus' RMB 390,600 in China.
Nio's 150-kWh battery pack costs as much as an ET5, president says
Nio's 150-kWh pack will initially be available for lease only, with a buyout option to be offered in the future.
Nio reaches new deal to boost swap station deployment in highway service areas in Jiangsu
Nio has entered into strategic partnerships with highway authorities in Anhui, Zhejiang and Jiangsu in the more economically developed Yangtze River Delta region of China.
China's Jan NEV sales at 408,000, down 50% from Dec, CAAM data show
China's auto industry is facing big challenges in the first quarter and still needs policy support, the CAAM said.
Xpeng's Guangzhou plant qualified to produce vehicles, report says
China has tightened its regulations on NEV production qualifications since 2017, and the production qualifications Xpeng has received are among the very few.
Tesla hikes price of basic Model Y by $295 in China
The wait time for the model remains the same as before at 2-5 weeks, and pricing and specifications for the rest of the Model Y variants and Model 3 in China remain unchanged.
Tesla Model Y loses top-selling premium SUV spot to Mercedes-Benz GLC in China in Jan
Tesla Model Y retail sales in China were 14,184 units in January, while Model 3 sales were 12,659 units.
Nio ET5 ranks No. 6 on list of best-selling premium sedans in China in Jan
The Nio ET5 sold 5,795 units at retail in January, while the ET7 retailed 521 units in January and failed to make the list.
Leapmotor starts bringing back combustion engines for its offerings to reverse plummeting sales
Leapmotor announced that it is entering the dual-power era, with all new models to be offered in both BEV and EREV versions going forward.
