Category: eMobility
Nio president confirms construction of F3 plant has begun, says F1, F2 can no longer meet demand
Nio's F3 plant is located in Hefei's NeoPark, and with the subsequent launch of new products, the production capacity of the existing 2 factories can no longer meet demand, Qin Lihong said.
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Li Auto lowers annual sales goal for second time as things didn’t go as planned
Chinese Li Auto lowers the annual sales goal for 2024 from 800,000 to just 480,000 units. What are the reasons for a 40% cut?
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China NEV retail at 790,000 in May, up 17% from Apr, preliminary CPCA data show
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 FinDreams unit to supply battery cells to Tesla’s Shanghai Megafactory
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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BREAKING: Nio gets regulatory approval to build 3rd plant in China, report says
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.
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Li Auto further cuts 2024 sales target to around 480,000 units, report says
This is the second cut after Li Auto lowered its 2024 sales target from 800,000 units to 560,000-640,000 units.
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