Smart and Sustainable Electric Mobility
Nio Power has secured a RMB 1.5bn strategic investment, the first external investment in the unit.
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Leapmotor's move to dismantle its overseas operations unit may be part of its partnership deal with Stellantis, according to local media.
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The only other time Nio has previously seen single-month deliveries exceed 20,000 was in July 2023 with 20,462 units.
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Starting June 1 at 10 am Beijing Time, Nio owners will have the option to rent the 150-kWh battery pack on a daily basis, giving their vehicles up to 1,000 km of range.
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Insurance registrations for Nio vehicles were 15,400 for May 1-26, already close to the full month of deliveries in April.
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The lady, who protested by getting on top of a Tesla show car during the 2021 Shanghai auto show, was ordered to apologize to Tesla and pay damages of RMB 172,275 ($23,810) in a first instance ruling.
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Tesla will be able to let its employees test its FSD internally on public roads once it successfully registers it with Chinese authorities, and then offer it as an upgrade to Chinese users in the coming months, according to Reuters.
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Earlier today, rumors spread that Xiaomi EV was planning to acquire a 58.5 percent stake in Evergrande NEV in order to use the latter's existing factories to address its capacity issues.
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Great Wall Motor plans to close its European headquarters in Munich at the end of August and fire all of the 100 or so local employees, according to a German media report.
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“While new launches should boost wholesale volume, we would monitor whether it could spark another round of price competition,” Morgan Stanley said.
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