Mercedes-Benz to adopt smart driving solution from Chinese startup Momenta, report says
Mercedes-Benz's all-electric CLA model will be equipped with a high-level intelligent driving solution from Momenta that does not rely on high-definition maps, and will be capable of pilot assisted driving in urban areas, according to local media.
Nio seeking cost reduction advice from partners
Nio is looking to its partners for cost-cutting advice, saying their expertise and industry experience will be important in meeting its cost-cutting goals.
Nio's new orders in May up 37% from Apr, Deutsche Bank survey shows
BYD and Tesla both saw record highs in new orders in China in May, according to Deutsche Bank.
Nio president confirms construction of F3 plant has begun, says F1, F2 can no longer meet demand
Nio's F3 plant is located in Hefei's NeoPark, and with the subsequent launch of new products, the production capacity of the existing 2 factories can no longer meet demand, Qin Lihong said.
China NEV retail at 790,000 in May, up 17% from Apr, preliminary CPCA data show
China's NEV penetration at retail stood at 46.88 percent in May and 40.26 percent year-to-date, according to preliminary data from the CPCA.
BYD's FinDreams unit to supply battery cells to Tesla's Shanghai Megafactory
BYD's battery making unit FinDreams will be Tesla's new supplier of energy storage cells outside of CATL, securing more than 20 percent of orders for the Megapack product line, according to local media.
Nio gets approval to build 3rd plant in China, report says
The new plant will have a capacity of up to 600,000 units per year, which will raise its total capacity to 1 million units, according to Reuters.
Li Auto further cuts 2024 sales target to around 480,000 units, report says
This is the second cut after Li Auto lowered its 2024 sales target from 800,000 units to 560,000-640,000 units.
Nio makes China's 1st list of L3/L4 autonomous driving pilot automakers
Entry into the list lays the groundwork for the commercialization of high-level autonomous driving capabilities, Nio said.
Nio users drive over 100 million km with smart driving features in May
Nio users have driven a total of nearly 1 billion kilometers using NOP and NOP+ by the end of May.