Phate Zhang

Gotion's joint venture plant in Thailand has a planned capacity of 2 GWh of battery packs per year for the first phase, which will be expanded to 8 GWh in the future.

A report earlier today said some of Nio's departments were asked to prepare reserve lists of layoffs, which may widen the original dismissals to 20 percent to 30 percent.

Zeekr will hold Zeekr Power Day 2023 on December 14, when a new battery product will be unveiled.

Tesla plans to restart the third phase of Shanghai plant project, possibly focusing on the production of the $25,000 model, according to local media.

The model would be a low-volume car, but may serve as a halo vehicle to generate excitement around the brand, Deutsche Bank said.

The spin-off could take place as early as the end of this year, after which the battery unit will seek external investors, according to Reuters.

With full control over all core processes of vehicle production, Nio will be able to improve its manufacturing efficiency and have more leverage in the fierce competition.

Nio will unveil a new flagship model at Nio Day 2023 that will feature many world's leading technologies, William Li said earlier today.

Nio reported third-quarter results that were results largely as previewed and gave a better-than-feared outlook for the fourth quarter, said Edison Yu's team.

Nio Day 2023 will be held on December 23 in Xi'an, Shaanxi province, Northwest China, where Nio will unveil a new flagship model.