Phate Zhang

In terms of retail sales, China's NEV penetration rate is expected to be about 31.8 percent in December, lower than the 32.3 percent in November.

JAC's plan to buy Nio's assets may be to deepen its interest connection with Nio and solidify their vehicle OEM production relationship, industry watchers say.

JAC did not give a specific reason, but said the move will help it deepen its strategic partnership with Nio.

The first model of the Yangwang brand will have powerful motors and a high-safety battery, an executive said.

Nio today shared a short video on its mobile app suggesting it will launch a new model with an electric rear wing at Nio Day 2022 in two days.

The two models, similar to the Volkswagen Golf and Nissan Leaf, will primarily target the European market, with production expected to begin in 2024, according to local media.

The wait time for the Nio ET5 has been reduced to 10-12 weeks from the previous 12-14 weeks.

The first production line at CATL's plant in Thuringia, Germany, went into operation and the installation and commissioning of the remaining lines are in full swing.

In this article, CnEVPost compares BYD's BEV sales to Tesla's retail sales in China and also shows how Nio, Xpeng, and Zeekr performed in 2022.

Nio's third-generation battery swap station is expected to be able to store up to 22 battery packs and may be compatible with different pack sizes.