Smart and Sustainable Electric Mobility
For the period from November 1 to November 26, Nio was 12,700 units, Xpeng 14,800, Li Auto 34,800, Tesla 56,000 and BYD 178,000.
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Earlier today, Tesla raised the starting price of the Model Y Long Range in China by RMB 2,000, its fifth price hike in the country in the past month.
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This is Tesla's seventh price hike in China in the past month, although each time it's for a different model.
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Changan's production facility in Thailand will introduce models from sub-brands Deepal, Avatr, and Qiyuan, with an annual capacity of 100,000 units in the first phase.
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Lithium carbonate prices are expected to still have room to fall, with the supply-demand balance point expected to occur by the end of 2024 or 2025, an expert said.
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After Germany and the UK, Great Wall Motor plans to expand its presence in Europe to eight additional countries including Italy and Spain, according to local media.
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As NEV ownership rises rapidly, battery swap may be the way to go when the load of residential charging struggles to meet demand, said an opinion piece in Economic Daily.
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Huawei will set up a company engaged in the R&D and production of smart driving systems and components, in which Changan plans to acquire no more than a 40 percent stake.
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Neta plans to expand its global network coverage to 50 countries and reach 500 overseas sales and service outlets by 2024.
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China's retail penetration of NEVs in November is expected to be around 39.4 percent, up from 37.8 percent in October.
The post CPCA expects China's NEV retail sales at 820,000 in Nov, up 3.6% from Oct appeared first on CnEVPost.
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