The Maextro S800 is expected to target the luxury executive sedan market, with potential rivals set to include the Mercedes-Benz S-Class, BMW 7 Series, Audi A8, and Nio ET9.
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Author: Phate Zhang
Xiaomi’s 2nd EV model could be launched in Q1 2025, report says
Xiaomi's second EV model is scheduled to hit the market in February or March next year, internally codenamed MX11, and will compete directly with the Tesla Model Y, according to local media.
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Great Wall Motor to adopt Huawei’s driver assist system, report says
Great Wall Motor will become the latest to adopt Huawei's smart driving system after BYD, and its first model to feature the system will be the Tank 700 Hi4-T off-road SUV, according to local media.
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Deutsche Bank expects Nio brand to sell 223,000 cars in 2025, Onvo 219,000, Firefly 8,000
Deutsche Bank raised its sales forecast for Nio Inc in 2025, using the same 450,000 full-year 2025 sales assumption as the company's guidance.
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Nio officially unveils 3rd brand Firefly, debut model to begin deliveries in H1 2025
Firefly is positioned in the boutique compact car market and leverages existing sales channels to drive growth, Nio said in a statement.
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Nio Q3 earnings call: Live updates
This article is a live update of the main takeaways from Nio's third-quarter 2024 earnings call.
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Nio sees flat net loss, improved gross margin in Q3
Nio's net loss was essentially flat in the third quarter compared to the second quarter, and gross margins improved to 10.7 percent.
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China BEV export growth to slow this year on EU tariffs and lower demand, says Canalys
China's export growth for BEVs is expected to slow to 9 percent this year, with its contribution to passenger car exports falling to 19.0 percent in 2024 from 22.5 percent in 2023, Canalys said.
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CATL in talks to set up battery recycling operations in Europe
CATL is in talks to set up a battery recycling business in Europe, discussing possible plant sites with European governments including Hungary, according to Bloomberg.
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Xpeng Q3 revenue beats estimates, gross margin hits record high
Xpeng reported revenue of RMB 10.1 billion in the third quarter, with a record gross margin of 15.3 percent, beating analysts' expectations.
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