Smart and Sustainable Electric Mobility
Xpeng will launch a new brand in the next month, targeting markets priced between RMB 100,000 and RMB 150,000, the company's CEO said.
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CATL has 32.67 percent of its revenue coming from overseas in 2023, up from 23.41 percent in 2022, as it begins deliveries to foreign customers.
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Between March 16 and April 15, Li Mega owners who use Li Auto's supercharging stations to charge their vehicles will be rewarded with credits equal to the amount they pay per charge.
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Employees at Rising Auto are expected to be laid off by more than 70 percent, while the remaining employees are likely to get a pay cut, according to local media.
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Nio confirmed the Onvo name and said the brand's official launch is expected in early-mid May.
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Nio has dramatically restructured its BaaS battery rental option in an attempt to make its cars more attractive in the face of fierce price competition, though emphasizing that it's not a response to the ongoing price war.
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CATL will also plan and develop battery systems of longer service lives for Nio's upcoming models.
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The Xiaomi EV factory, which started construction in April 2022, has seen an increasing number of vehicles parked in the parking lot in the last ten days.
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Two camouflage-free spy shots of a model purportedly under Nio's second brand are circulating on social media today, with the rear end showing the vehicle's English brand name as Onvo.
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Speculation circulating on Chinese social media recently suggested that Nio may tweak its BaaS (battery as a service) battery rental service.
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