Nio's Alps sub-brand's models to ditch LiDAR and adopt 1 Orin chip, report says
Alps will use a pure vision solution similar to Tesla's on its smart driving system to cut costs, according to local media.
China NEV retail sales at 226,000 in Jan 1-14, down 21% from same period last month
China's NEV sales performed even worse at retail last week, leading to a significant drop in sales in the first half of the month compared to the same period in December.
Li Auto seeing immediate effects of price discounts
Some Li Auto stores saw a significant uptick in sales just this past weekend, and some trim levels are no longer available for delivery before the Chinese New Year, according to local media.
BYD unveils vehicle intelligence strategy, aims to invest over $14 billion
BYD will invest RMB 100 billion in vehicle intelligence in the future to lead the way in NEV development, the company's chairman said.
Nio to begin deliveries of 2024 models in Mar, offers discounts on current ones
Nio's move comes at a time of increasingly fierce price competition in China's EV market, which is also making model refresh cycles shorter.
Battery price war: CATL, BYD pushing battery costs down further
The price war for power batteries is intensifying, with the world's two largest battery makers reportedly pushing battery costs down further.
Changan's JV with Huawei tentatively named 'Newcool'
Under the agreement between the two, Huawei has committed not to engage in the automobile manufacturing business and not to engage in the same business as the new company, Changan chairman said.
China EV insurance registrations for week ending Jan 14: Nio 1,700, Xpeng 1,400, Li Auto 6,800, Tesla 7,400
In the January 1-14 period, Nio was 4,700, Xpeng 2,800, Li Auto 11,000 and Tesla 10,600 units.
Xpeng begins X9 MPV volume deliveries in China
The X9 is the highest-priced in Xpeng's product lineup and is seen as helping Xpeng improve gross margins.
Eve Energy to set up JV in Turkey to produce batteries
The joint venture will manufacture and sell products including battery modules and outdoor battery cabinets, as well as build energy storage system projects there.