Phate Zhang

Li Auto has been the most heavily shorted Chinese automaker since last September.

Musk anticipates Tesla's FSD will receive approval in China next month, echoing the timeline he mentioned last November.

January's NEV penetration rate fell to 44.4%, with CPCA anticipating this will mark a cyclical low point.

Most of the stores slated for closure were opened during Li Auto's previous aggressive expansion phase.

A filing with the US SEC earlier this month showed L'imad holds a 17.9% stake in Nio.

The sodium-ion battery is engineered for extreme cold environments, retaining 90% of its usable capacity at -40°C, CATL said.

In December, China sold a record 45,300 new energy heavy-duty trucks, accounting for 53.89% of total heavy-duty truck sales of 84,000 units.

The Nio main brand's mobile app has already been adapted for HarmonyOS, while the Firefly sub-brand has yet to do so.

Xpeng joins Tesla, Xiaomi, and Li Auto in offering ultra-long-term, low-interest financing for vehicle purchases.

The European version of the SC01 will be produced in Italy, though the exact assembly location remains undetermined.