Phate Zhang

Gotion will build a 20 GWh per year power cell project in Hefei, Anhui and a 10 GWh per year project in Liuzhou, Guangxi.

Making batteries is a normal strategy for automakers, said William Li.

The latest spy photos show the Nio EC7 with a rear wing and its body details are also shown.

Tesla's price cut has made the competition in China's NEV industry more intense, with competing models of the Model 3 and Model Y likely to follow, analysts say.

AITO is the first NEV brand to follow Tesla's price cut, and industry insiders believe a wave of price cuts in the auto industry is about to begin.

When completed, Nio's new international headquarters is expected to bring in 10,000 top talent, according to a statement from the local government.

Xpeng at 1,183, down from 1,345 the week before. Li Auto at 2,163, higher than the previous week's 1,798.

Nio and H World Group will cooperate in the construction of charging and battery swap facilities.

The outgoing Wang Yilun is mainly responsible for AI algorithm development work including smart driving perception and mapping at Li Auto, according to local media.

The company has a registered capital of RMB 2 billion ($275 million) and its business scope includes battery manufacturing and battery sales.