IM Motors secures over $1.1 billion in new financing
The financing will be used for next-generation model development, smart driving technology development and entry into overseas markets.
BYD Feb sales breakdown: Song 35,273 units, Qin 16,191
The Yangwang brand delivered 780 vehicles and Fang Cheng Bao 2,310 vehicles in February.
Li Auto officially enters BEV segment with Li Mega launch; rolls out updated L-series models
Li Auto reiterated the company's confidence that the Li Mega will be the top seller in the car market with a price tag of more than RMB 500,000 yuan.
BYD sells 122,311 NEVs in Feb, down 39% from Jan
BYD saw a drop in NEV sales in February as the New Year holiday brought disruptions.
Nio delivers 8,132 cars in Feb, down 19% from Jan
The Chinese New Year holiday caused disruption, and potential customers' wait-and-see ahead of the 2024 models may also have had an impact.
Xpeng delivers 4,545 cars in Feb, down 45% from Jan
"With the capacity ramp-up and the debottlenecking of certain components' supply post-Chinese New Year, we will accelerate the delivery of the X9 in March," Xpeng said.
BYD launches updated Song Pro DM-i with $2,780 price cut
The updated Song Pro DM-i continues to be offered in five variants, all with a price cut of RMB 20,000 to a starting price of RMB 109,800 yuan.
Li Auto delivers 20,251 cars in Feb, down 35% from Jan
Li Auto said it is targeting a rebound to 50,000 monthly deliveries in March.
Nio earnings preview: Here's what to watch for Q4 2023 report
Focus will mostly be on the gross margin, and Nio management's guidance for first-quarter deliveries are expected to be weak.
ClearMotion opens factory in China, production of suspension products for Nio ET9 to start soon
The opening of the facility marks the imminent start of production of ClearMotion1, an active suspension product that will be fitted to the Nio ET9, ClearMotion said.
