Li Auto unveils scaled-back car purchase incentives
Li Auto's move comes as the price war in China's auto industry eases, after some luxury brands have rolled back steep discounts.
China doubles subsidies to encourage consumers to replace old cars
Consumers can get a RMB 20,000 subsidy for scrapping an old car and buying an NEV, and a RMB 15,000 subsidy for buying a fuel car of 2.0 L or less, both doubled from previous levels.
Nio may see delay in 2024 swap station buildout target, 3rd swap station plant to open in Sept
William Li said that if Nio's plan to add 1,000 stations in China in 2024 is delayed, it could be by up to 1-2 months. The company is building a third battery swap station assembly plant in Wuhan.
Huawei-BAIC joint brand Stelato to launch 1st model S9 sedan on Aug 6
The Stelato S9 is expected to be priced from RMB 450,000 ($61,990) to RMB 550,000.
Xpeng to hold tech event on Jul 30, XNGP to see biggest update ever
Xpeng's XNGP is about to see its biggest update ever, and the latest Tianji system, XOS 5.2.0, is about to see a new breakthrough, the company said.
BYD secures order for 120 electric buses in South Africa
BYD will help build South Africa's first fleet of electric buses, with deliveries of those vehicles set to begin in December.
China NEV retail at 461,000 in Jul 1-21, down 2% from same period last month
China's retail penetration of NEVs stood at 49.35 percent in the July 1-21 period, and 42.45 percent year-to-date.
Nio Phone 2nd-gen to feature AI-powered voice assistant NOMI GPT
NOMI GPT will be featured on the new Nio Phone to bring more cutting-edge AI innovations, said Nio's vice president for hardware.
BYD sees over 10,000 fresh graduates joining, nearly 80% in R&D
By the end of 2023, BYD's workforce totaled 703,504, including 524,673 production workers and 104,003 technicians.
China Jul EV sales preview: Deutsche Bank expects Nio at 21,000 units, Xpeng 10,000, BYD 300,000
Deutsche Bank also expects Tesla to sell 45,000 units at retail in China in July, Li Auto at 48,000 units and Zeekr at 15,000 units.
