Phate Zhang

Xpeng has been expanding its network of supercharging stations, and it has no information related to battery swap, at least for the currently planned models, it said.

The project will have an annual production capacity of 60 million sets and an estimated annual output of RMB 40 billion.

Nio will only slow down infrastructure buildout when the charging and battery swap experience is comparable to refueling and even better in some scenarios, according to Qin Lihong.

The plant is expected to be completed in December 2024 and will introduce the PPE (Premium Platform Electric) platform developed by Audi with Porsche.

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).