Smart and Sustainable Electric Mobility
Chinese Li Auto lowers the annual sales goal for 2024 from 800,000 to just 480,000 units. What are the reasons for a 40% cut?
The post Li Auto lowers annual sales goal for second time as things didn’t go as planned appeared first on CarNewsChina.com.
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.
The post China NEV retail at 790,000 in May, up 17% from Apr, preliminary CPCA data show appeared first on CnEVPost.
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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.
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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.
The post BREAKING: Nio gets regulatory approval to build 3rd plant in China, report says appeared first on CnEVPost.
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This is the second cut after Li Auto lowered its 2024 sales target from 800,000 units to 560,000-640,000 units.
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