Phate Zhang

The Xpeng G9 will use an 800-volt high-voltage SiC electric drive system, and Nio's soon-to-be-delivered ET7 also uses SiC chips.

Shanghai Nio Technology Co Ltd has seen changes in shareholder and company type.

CATL's share of the ternary battery market was 57.17 percent in January, and 44.6 percent in the LFP battery market.

LFP batteries led ternary batteries in China for the seventh consecutive month.

Nio's move to dissolve a subsidiary brought back memories of its darkest moment in 2019 for many and became the No. 1 trending topic on Weibo.

Neta delivered 11,009 vehicles in January, the third consecutive month over 10,000. All three of the brand's models currently start at less than 100,000 yuan ($15,700).

The Model Y sold 16,358 units in China in January, second only to BYD Song's 20,722 units.

Point72 increased its holdings in Xpeng by 695 percent in the fourth quarter, but sold all of its shares in Li Auto. It does not hold shares of Nio.

Li Auto delivered 35,221 vehicles in the fourth quarter of last year, above the previous guidance range of 30,000-32,000 vehicles.

Binli, founded by former Volkswagen China executive vice president Weiming Soh, recently received a strategic investment from Wuhan-based Changjiang Capital, according to local media.