Phate Zhang

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.

The order is BYD's first for car carriers, each capable of carrying up to 7,000 vehicles.

Baillie Gifford increased its position in Nio ADR by 25.09% during the fourth quarter, valued most recently at $1.18 billion.

A German court has ruled that the Nio ES6 and ES8 sound too similar to Audi's existing S6 and S8 models.

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.

By fighting for volume, Xpeng's gross margins will take a hit as costs are not materially lower, Edison Yu's team said.

The shooting brake variant of the Nio ET5 will debut in Europe, where there is a large market for the model, according to Qin Lihong.

Xpeng aims to see sales of 1.2 million by 2027 and reach about 30 percent share of the fully autonomous vehicle market.

The agreement involves technical cooperation for new brands, projects and markets, as well as overseas business expansion, CATL said.

In the second week of January, China's NEV sales, as measured by insurance registrations, were 99,000 units, up 37.51 percent year-on-year and up 28.61 percent from the previous week.