Smart and Sustainable Electric Mobility
Li Auto and Xpeng expect a 100%, and Nio a 50% year-over-year increase in 2024 sales, local media reported, citing the Chinese carmakers' supply chain sources.
The post Xpeng, Li Auto plan to double the sales in 2024, Nio eyes 50% growth rate appeared first on CarNewsChina.com.
Automakers usually provide high forecasts to their supply chain, while suppliers make their own judgments based on the competitiveness of the vehicle models and the operating results of the car companies.
The post Nio gives over 230,000 sales forecasts for 2024 to supply chain, Xpeng 280,000, Li Auto 800,000, report says appeared first on CnEVPost.
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Nio (NYSE: NIO) was at 4,200 last week, Xpeng (NYSE: XPEV) at 4,700 and Tesla at 14,000.
The post China EV insurance registrations for week ending Nov 5: Nio 4,200, Xpeng 4,700, Li Auto 8,600, Tesla 14,000 appeared first on CnEVPost.
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"While management still has a long way to go in restoring creditability among investors, this should be viewed as a meaningful step in the right direction," Edison Yu's team said.
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The vlogger was ordered to post apologies on his Douyin account for 90 consecutive days and to compensate Nio for financial losses totaling more than 600,000 yuan in a first instance ruling.
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"My goal, and my commitment to this company, is I want all of us to buy a Nio car from our personal paycheck one day," Nio US CEO Ganesh Iyer said.
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Most of Nio's businesses will see layoffs, with the battery and phone businesses likely to be adjusted the most, according to local media.
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Nio said it will improve resource efficiency and defer or cut investments in projects that do not contribute to the company's financial performance in three years.
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The EC6's contribution to Nio's sales is modest, but the actor's move to buy the coupe SUV is an endorsement of the model and the Nio brand.
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Nio delivered 16,074 vehicles in October, up 2.77 percent from September and up 59.8 percent year-on-year.
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