Author: Lei Kang

Nio to officially launch Onvo brand on May 15, debut model to take on Tesla Model Y

Onvo's first model, the Onvo L60, will take on the Tesla Model Y, targeting the market for smart, all-electric SUVs for families in the RMB 250,000 yuan ($34,600) class, Nio said.

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Leapmotor, Stellantis may announce formation of JV next week, report says

Leapmotor's chairman and Stellantis CEO will appear together at a joint press conference next week, where they will jointly announce the formation of Leapmotor International, according to local media.

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China Apr NEV wholesale at 800,000, down 2% from Mar, CPCA estimates show

Since the beginning of the year, consumers have been in a wait-and-see mood, and the passenger car market has not been able to regain momentum in sales, the CPCA said.

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Global EV battery market share in Jan-Mar 2024: CATL 37.9%, BYD 14.3%

CATL continues to be No. 1, but with a slightly reduced share from Jan-February. BYD is back in second place, overtaking LG Energy Solution.

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