This article is a live update of the main takeaways from Nio's third-quarter 2024 earnings call.
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Tagged: China
BYD to unveil world’s fastest charging battery for construction machinery
BYD will unveil a new construction machinery battery claimed to be the fastest charging on November 26 at the Bauma China exhibition.
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Nio sees flat net loss, improved gross margin in Q3
Nio's net loss was essentially flat in the third quarter compared to the second quarter, and gross margins improved to 10.7 percent.
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China NEV retail at 581,000 in Nov 1-17, up 7% from same period last month
Retail sales of all passenger cars in China totaled 1.11 million units in the November 1-17 period, up 30 percent from a year earlier and up 3 percent from a month earlier.
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China to have 3.6 million public chargers by end of 2024, nearly 70% of global total, says TrendForce
Global public EV charging pile deployment is constrained by land availability and grid planning, compounded by slowing NEV market growth, TrendForce said.
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China BEV export growth to slow this year on EU tariffs and lower demand, says Canalys
China's export growth for BEVs is expected to slow to 9 percent this year, with its contribution to passenger car exports falling to 19.0 percent in 2024 from 22.5 percent in 2023, Canalys said.
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CATL planning to establish a battery recycling business in Europe, report says
CATL will begin battery cell production in Hungary by late 2025.
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CATL in talks to set up battery recycling operations in Europe
CATL is in talks to set up a battery recycling business in Europe, discussing possible plant sites with European governments including Hungary, according to Bloomberg.
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Huawei’s HIMA unit to double model offerings in 2025 with Aito M8 to rival Li L9, report says
HIMA's available models will exceed 10 next year, and one of the key models will be the Aito M8, which will compete with Li Auto's Li L9.
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Xiaomi reduces loss per car to $5,250 in Q3 and deliveries now exceed 100,000
Xiaomi deliveries pick up speed and help to contribute to the fortunes of both the auto unit and the group with likely profit soon.
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