The previous target was for the figure to reach 40 percent by 2030 and 50 percent by 2035.
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Author: Phate Zhang
BREAKING: Tesla cuts Model 3 and Model Y prices in China amid fierce competition
Tesla today lowered the prices of all two versions of the Model 3 by nearly 6 percent, and two of the three versions of the Model Y by nearly 3 percent.
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Li Auto to launch facelifts for existing models in Mar
Li Auto's 2024 models will have configuration updates and will be launched and begin deliveries in March, it said.
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Nio ties up with 2 state-owned groups in Anhui, to support new firm in building 1,000 swap stations
A new company called Zhongan Energy was launched today and it will build 1,000 battery swap stations with the support of Nio and two state-owned groups in Anhui province.
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Nio confirms battery swap tie-ups with JAC, Chery
Nio said it and JAC, Chery will carry out deep strategic cooperation in battery standards, battery swap technology, battery swap service network construction and operation.
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Nio signs battery swap tie-up agreements with JAC and Chery, report says
Nio has also signed strategic cooperation agreements with two state-owned groups in Anhui province for energy storage, charging, and battery swap system construction.
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China sells 1.2 million NEVs in Dec, nears 10 million for full year 2023, CAAM data show
China's total vehicle sales in 2023 stood at 30,094,000 units, the first time it has surpassed the 30 million mark, with NEVs contributing 31.6 percent.
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Leapmotor begins C10 pre-sales in China, starting at $21,170
The Leapmotor C10 is available in both EREV and BEV versions, with pre-sale prices roughly half that of Li Auto's Li L7 EREV.
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Automakers’ NEV market share in China in 2023: BYD 35%, Tesla 7.8%, Nio 2.1%
BYD ranks No. 1, Tesla No. 2, and Nio No. 9 in terms of NEV market share in China in 2023.
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BYD Yangwang reveals 1st sedan U7, to be priced around RMB 1 million
Yangwang U7 will have more than 1,000 horsepower and will push the limits of sedan performance, Yangwang said.
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