In the January-November period, GAC Aion sold 241,149 units, up 128 percent from the same period last year.
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In the January-November period, GAC Aion sold 241,149 units, up 128 percent from the same period last year.
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Rumors have recently surfaced that China's subsidies for NEVs may be renewed, but the amount will be only 50 percent of what it was in 2022.
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"We think a large part of the rally was caused by a short squeeze as investors were caught being too negative on the group given Covid and competition concerns," said Deutsche Bank analyst Edison Yu's team.
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The BYD Seagull, which is expected to be launched in the second quarter of 2023, will be the first model with sodium-ion batteries and is expected to be priced as low as about $8,484, according to local media.
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XPeng delivered better-than-expected third-quarter operating results, accompanied by a slightly better-than-feared outlook.
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XPeng expects fourth-quarter deliveries of 20,000 to 20,100,000 units and expects fourth-quarter revenue of RMB 4.8 billion to RMB 5.1 billion.
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This is due to XPeng's recent organizational restructuring and personal matters, the company said in an announcement.
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As of today, NIO's battery swap station network has completed its initial coverage of all districts in Shanghai.
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Morgan Stanley sees the price of lithium carbonate in China falling to $47,500 per ton in the second half of 2023, implying a 35 percent drop from the current spot.
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Previously released data has shown that Li Auto delivered 26,524 vehicles in the third quarter, below the guidance range of 27,000 to 29,000 vehicles.
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