Phate Zhang

"Right now, we're scouring Norway, Denmark, Sweden, Germany, and the Netherlands for suitable locations to establish our Nio Power Swap stations," Nio said.

This is the seventh to tenth phase of CATL's Yibin manufacturing base, with a planned site area of approximately 2.13 million square meters.

That's 12 days earlier than originally planned, and Evergrande will hold an official roll-out ceremony for its first vehicle in early January next year, local media said.

CATL's share was 11.3 percentage points higher than second-place LG Energy Solution's 20.5 percent.

As of December 30, Nio had 756 battery swap stations in China, 203 of which are located along highways.

The average insurance cost quoted for Xpeng's flagship sedan, the P7, rose 18.2 percent from RMB 5,600 to RMB 6,622.

This comes just four days after deliveries of the Ford Mustang Mach-E to the first Chinese buyers began on December 26.

As exclusive insurance for NEVs has recently become available in China, and some owners have raised concerns about the rising cost of their insurance premiums.

Beijing's quota for fuel car license plates has been reduced from 40,000 in 2021 to 30,000 in 2022, and the quota for NEV license plates has been increased from 60,000 to 70,000.

Car building is a long race, and a company will not necessarily stay ahead at the end because it is ahead for a while, but Xpeng has the potential to do so, said He Xiaopeng.