Xpeng delivered solid fourth-quarter earnings although the guidance came in soft, said Deutsche Bank.
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Category: China
China EV insurance registrations for week ending Mar 17: Nio 2,200, Xpeng 2,200, Li Auto 7,000, Tesla 12,300
So far this month, Nio was at 5,500, Xpeng at 4,700, Li Auto at 18,200 and Tesla at 31,000.
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Xpeng posts record revenue in Q4, gross margin turns positive
Xpeng reported total revenues of RMB 13.05 billion ($1.84 billion) in the fourth quarter of 2023, an increase of 153.9 percent from the same period in 2022 and 53.0 percent from the third quarter of 2023.
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Xiaomi unveils its EV factory as 1st model 9 days away from launch
Xiaomi held a board meeting at its EV factory, where directors toured the plant and test drove the Xiaomi SU7, its founder said.
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First EV from Nio’s European brand Firefly spied in China
Nio’s Firefly EV will enter European markets in 2025. It will be also available in China for the price range of 13,900 – 27,800 USD.
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Nio starts exploring interaction of highway swap stations with grid
As of the end of February, Nio had 587 battery swap stations and more than 27,000 charging piles participating in grid load regulation in 14 provinces and cities.
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Nio Firefly: New spy shots show more details
The Firefly brand, while focused on small cars, will be based on five-star European safety standards and will support battery swap, Nio CEO William Li said last week.
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Tesla charging stations open to other EVs in China increase to over 800
This includes more than 450 Tesla Supercharger stations and more than 350 destination charging stations.
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BYD, Xpeng join Zeekr, Li Auto in adopting Nvidia’s next-gen Thor chip
Nio's models currently come standard with four Nvidia Orin chips, but it will carry its own in-house developed chip in the ET9, which it will start delivering next year.
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Nio to maintain last year’s R&D investment in 2024, says William Li
William Li talked about a lot of issues in an interview, including sub-brands, collaboration with other car companies on battery swap services, priorities for 2024.
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