Smart and Sustainable Electric Mobility
Li Auto's management believes China's NEV penetration will reach 90 percent by 2028, when it will need to sell at least 3 million vehicles annually if it is to become one of the top five players, according to local media.
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Haomo unveiled three ADAS kits priced as low as $410 and not relying on high-definition maps to capitalize on the opportunity presented by smart driving features that will cover the vast majority of new cars over the next two years.
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During the third quarter, Tesla delivered 139,624 vehicles in China, accounting for 32.1 percent of its global deliveries of 435,059 vehicles.
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Three days ago, on October 8, wait times for four of Nio's least expensive models were all reduced to 2-3 weeks.
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WM Motor still has commercial value and some of its creditors are willing to reorganize, it said.
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Xpeng emphasized that the move does not affect businesses including commerce and production. The company fell more than 10 percent in the US on Monday.
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Nio and Xpeng both had 1,300 insurance registrations in China last week, according to data shared by Li Auto.
The post China EV insurance registrations for week ending Oct 8: Li Auto 6,900, Nio 1,300, Xpeng 1,300 appeared first on CnEVPost.
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Nio CEO William Li told CnEVPost last month that every RMB 50,000 drop in the price of lithium carbonate would result in roughly a 1.5 percent improvement in gross margin for the company.
The post CATL rumored to have given lower prices for batteries supplied to Nio and Zeekr appeared first on CnEVPost.
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The Hyper SSR is offered in three versions and deliveries were made to the first owners today.
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Nio took four years to deliver its first 10 million battery swap service and nine months to achieve its second 10 million. Its third 10 million service took six months.
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