Li Auto to launch facelifts for existing models in Mar
Li Auto's 2024 models will have configuration updates and will be launched and begin deliveries in March, it said.
Nio ties up with 2 state-owned groups in Anhui, to support new firm in building 1,000 swap stations
A new company called Zhongan Energy was launched today and it will build 1,000 battery swap stations with the support of Nio and two state-owned groups in Anhui province.
Nio confirms battery swap tie-ups with JAC, Chery
Nio said it and JAC, Chery will carry out deep strategic cooperation in battery standards, battery swap technology, battery swap service network construction and operation.
Nio signs battery swap tie-up agreements with JAC and Chery, report says
Nio has also signed strategic cooperation agreements with two state-owned groups in Anhui province for energy storage, charging, and battery swap system construction.
China sells 1.2 million NEVs in Dec, nears 10 million for full year 2023, CAAM data show
China's total vehicle sales in 2023 stood at 30,094,000 units, the first time it has surpassed the 30 million mark, with NEVs contributing 31.6 percent.
Leapmotor begins C10 pre-sales in China, starting at $21,170
The Leapmotor C10 is available in both EREV and BEV versions, with pre-sale prices roughly half that of Li Auto's Li L7 EREV.
Automakers' NEV market share in China in 2023: BYD 35%, Tesla 7.8%, Nio 2.1%
BYD ranks No. 1, Tesla No. 2, and Nio No. 9 in terms of NEV market share in China in 2023.
BYD Yangwang reveals 1st sedan U7, to be priced around RMB 1 million
Yangwang U7 will have more than 1,000 horsepower and will push the limits of sedan performance, Yangwang said.
BofA downgrades rating on Nio to Neutral from Buy
Nio has no new models in the first three quarters of 2024, sales growth is likely to be low, and it may need to offer price discounts for its existing models amid stiff competition, BofA said.
Full text: Nio CEO William Li's 1st letter to employees in 2024
In the letter, Li laid out his views on the competition in the EV industry in 2024, as well as Nio's priorities.