Phate Zhang

BYD said it received its first permit on July 21, the first in China, and emphasized that L3 autonomous driving is not fully self-driving.

Tesla is currently working on preparations for the updated Model Y in China, which could begin mass production as early as mid-2024, according to Bloomberg.

Competition is fierce at the moment, and the timing of Nio's second brand's entry into the market is important, William Li said on December 24.

The Jiyue 07 is another 7-series model for the Chinese EV market. Jiyue just launched its first model, the Jiyue 01, on October 27.

Between December 1 and December 24, Nio was at 12,000 units, Xpeng at 12,500, Li Auto at 36,400, Tesla at 60,200 and BYD at 180,000 units.

Previous reports said Firefly models would be built at Nio's F4 plant in Chuzhou.

Changan and Ganfeng will set up a joint venture based on equal shareholding to accelerate solid-state battery development and manufacturing.

ClearMotion said its active suspension technology, ClearMotion1, will be used to equip the next generation of Nio EVs over the new product development vehicle program life.

The chip, called the Shenji NX9031, is built on a 5 nm process and has over 50 billion transistors.

Nio aims to add 1,000 battery swap stations and 20,000 charging piles in 2024 in China.