Smart and Sustainable Electric Mobility
HoloMatic expects its losses to narrow dramatically by 2024 and to break even by 2025, when it will apply for a stock market listing.
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A total of 13 percent of NEVs were equipped with more advanced L2+ driver assistance systems, with Li Auto and Nio contributing about half of that total.
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The Smart #1 will also be available in Italy, the Netherlands, and Portugal, and the Smart #3 will be officially launched and deliveries will begin in Europe early next year.
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Great Wall Motor has launched the Tank 500 SUV in Bahrain, the fourth Middle Eastern market the model has entered after the UAE, Saudi Arabia and Oman.
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Rising Auto said in March that it has three battery swap stations in Shanghai and has completed the selection of sites for more than 50 battery swap stations in 10 cities.
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The HiPhi Y, which starts at just RMB 1,000 more than the Nio ES6 but far less than HiPhi's other two models, is trying to get a piece of the mainstream premium EV market.
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The Optiq is smaller in size than Cadillac's only EV currently on sale in China, the Lyriq, and is expected to take on stiff competition at lower prices.
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The Avatr 12 is a mid-to-large-sized sedan that will be powered by electric motors supplied by Huawei and will be available in single-motor and dual-motor versions.
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Great Wall aims to start producing its Haval-branded models in Uzbekistan within 2023 and by 2024 see an annual production capacity of more than 10,000 units.
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Tianqi has acquired a 2.83 percent stake in Smart, giving the Mercedes-Geely JV a valuation of $5.3 billion.
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