BREAKING: Nio gets regulatory 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.
...
Tesla China sells 72,573 cars in May, up 16.74% from Apr
In the January-May period, Tesla China sold 355,616 vehicles, down 7.12 percent from 382,859 in the same period last year.
...
China EV insurance registrations for week ending Jun 2: Nio 6,700, Tesla 15,200, BYD 53,400, Xiaomi 2,200
Nio vehicles saw a record 6,700 insurance registrations in China last week, up 24.07 percent from 5,400 the week before.
...
Xpeng Aeroht forms strategic partnership with Swedish parts giant Autoliv
Autoliv, the world's largest producer of airbags and seatbelts, said its partnership with Xpeng Aeroht is aimed at making low-altitude mobility safer.
...
Nio makes organizational changes involving Onvo sub-brand
Nio has renamed its units previously known as “Strategic New Businesses,” and has created 16 regional companies for the Onvo unit.
...
Li Auto reportedly merges sales and delivery teams for higher volume
Li Auto has merged its sales and delivery teams to eliminate possible conflicts of interest between the two in order to better sell cars.
...
Xiaomi revises SU7 deliveries in May slightly upwards from 8,630 to 8,646 units
Xiaomi said cumulative deliveries of the SU7 series amounted to 15,764 units in 2024, implying that deliveries in April were also revised slightly upwards.
...