GAC Nio CEO reportedly to leave company in March
Liao Bing, the CEO of GAC Nio, a joint venture between GAC Group and Nio, announced his impending departure at a staff meeting on January 7, jiemian.com said, citing insiders close to the company.
First EV powered by Huawei Hicar said to be launched in H1
Huawei Hicar began working with BAIC BluePark New Energy on January 28 last year, and they will launch the first model in the first half of 2021, according to Chinastarmarket.cn.
BYD says delivery time for Han models has been extended to 8 weeks due to lack of capacity
When Chinese consumers' enthusiasm for new energy vehicles will recede seems to remain unseen, as BYD is also swamped with orders.
BofA Securities gives Li Auto 'Buy' rating and $42 price target in initial coverage
BofA said Li Auto's sales are expected to grow at a CAGR of 48 percent from 2020-2025, driven by rising EV penetration, strong market demand, and rapid expansion of sales channels.
Nio's William Li says no mass production in short term in response to lithium iron phosphate model
Nio is doing discussions about various possibilities, but there will be no mass production in the short term.
China-made Model Y's estimated delivery date has changed to Q2 just six days after it went on sale
Previously there were rumors that China-made Model Y orders have reached 100,000. Tesla said on January 5 that the data was unreliable and that no Model Y orders had been tallied.
Elon Musk says Tesla's biggest competitor may come from China
In the eyes of Tesla CEO Elon Musk, their biggest competitor could come from the fast-growing Chinese market.
Can GAC Nio change its fate after receiving $370 million capital increase?
Industry expert says that the capital market has become more and more cautious about investing in new car companies in recent years and that it is still difficult to get recognition from the capital market without good sales performance despite the backing of well-known shareholders.
Analysts say China-made Model Y has room for 23% price cut
Assuming gross margin remains above 25%, the price is expected to drop 23% to around RMB 260,000, they say.
Nio reportedly plans to launch entry-level model with LFP batteries
Nio has contracted a production line of lithium iron phosphate batteries from CATL, and the new cells are being tested and prepared.
