Smart and Sustainable Electric Mobility
China's NEV penetration at retail stood at 46.88 percent in May and 40.26 percent year-to-date, according to preliminary data from the CPCA.
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BYD's battery making unit FinDreams will be Tesla's new supplier of energy storage cells outside of CATL, securing more than 20 percent of orders for the Megapack product line, according to local media.
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The new plant will have a capacity of up to 600,000 units per year, which will raise its total capacity to 1 million units, according to Reuters.
The post BREAKING: Nio gets regulatory approval to build 3rd plant in China, report says appeared first on CnEVPost.
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This is the second cut after Li Auto lowered its 2024 sales target from 800,000 units to 560,000-640,000 units.
The post Li Auto further cuts 2024 sales target to around 480,000 units, report says appeared first on CnEVPost.
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