China's NEV retail sales down 29% MoM to 670,000 in Jan, preliminary CPCA data show
This means that the penetration of passenger NEVs at retail was 32.8 percent in January, down from 40.2 percent in December.
Nio announces board change, 2 CYVN appointees join
Nio announced changes to its board of directors, with two people appointed by CYVN Holdings joining and one person appointed by Tencent dropping out.
China sells 729,000 NEVs in Jan, 39% lower than Dec, CAAM data show
In January, China sold 445,000 BEVs, 46.06 percent lower than in December, and 284,000 PHEVs, 21.98 percent lower than in December.
BYD to launch high-level smart driving feature at end of Mar, report says
The first availability of BYD's city pilot assisted driving feature will be March 30, and the Denza N7 will be the first model to be able to use it, according to local media.
Li Auto gives employees big year-end bonuses for exceeding target in 2023
Li Auto CEO said the company is learning from Huawei's management process and benefit sharing system.
Xpeng to launch new sedan codenamed F57 in H2, set to ditch LiDAR, report says
The F57's smart driving system will remove LiDAR in favor of a pure vision solution and use 3D millimeter-wave radars, according to local media.
China EV insurance registrations for week ending Feb 4: Nio 3,100, Xpeng 2,700, Li Auto 7,200, Tesla 10,600
Most of the major EV makers saw insurance registrations fall last week, as the beginning of the month is usually a low point for deliveries.
Nio Capital closes over RMB 3 billion in new fundraising
Since its inception in 2016, Nio Capital has raised five funds, including three US dollar funds and two RMB funds, with a total management scale of RMB 15 billion.
Nio Alps' 1st model to begin trial production in Jul, aims for tens of thousands of sales in 2024, report says
Nio has an aggressive target for the first model of Alps codenamed DOM, despite the short delivery window available during the year, according to the local media.
BYD to build charging facilities in Brazil with local energy firm Raízen Power
BYD and Raízen Power plan to build 600 new DC charging piles in eight major Brazilian cities.