Smart and Sustainable Electric Mobility
The Bao 5 SUV is available in three variants with a starting price of RMB 289,800 and can accelerate from 0 to 100 km/h in 4.8 seconds.
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Li Auto's third-quarter results were somewhat mixed, with a strong outlook for fourth-quarter sales, according to Deutsche Bank.
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Li Auto's third-quarter revenue was RMB 34.68 billion, up 271.2 percent year-on-year and above market expectations of RMB 33.641 billion.
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Alps is rumored to no longer be a standalone program, with the team's personnel assigned to various Nio divisions and some positions cut.
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Prices are going up because of rising costs, and if costs go down, prices could go down, a Tesla staff said.
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The price of the Model 3 Long Range has been raised by RMB 1,500 in China, while the Model Y Long Range has gone up by RMB 2,500.
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Tesla's share of the NEV market in China was 3.73 percent in October, and its share of the BEV market was 5.78 percent.
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Saudi PIF could invest at least $250 million in Human Horizons at a valuation of $3 billion, and a deal could be reached as early as this year, according to Bloomberg.
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The average price of battery-grade lithium carbonate in China is falling close to RMB 150,000 per ton, about half of what it was at the end of June, as supply-demand imbalances continue.
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"In light of China's EV market remaining ultra competitive for the foreseeable future, Xpeng's strategy continues to resonate well with us, making the stock our Top Pick in the group," Deutsche Bank said.
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