Nio is opening a new page in its story, acquiring F1 and F2 plants from JAC and reporting the highest revenue.
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Tagged: China
Entry-level Zeekr 007 spied in China without Zeekr Stargate panel
The Zeekr 007 sedan will enter the market in January 2024 with a starting price of 229,900 yuan (32,390 USD).
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Nio posts Q3 revenue of $2.6 billion, up 117.36% from Q2
Nio (NYSE: NIO) reported third-quarter revenue of RMB 19.07 billion, up 46.64 percent year-on-year and 117.36 percent from the second quarter.
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BREAKING: Nio buys plant assets sold by JAC for $442 million
Nio said it will acquire the manufacturing equipment and assets of the F1 and F2 plants from JAC for a total consideration of about RMB 3.16 billion.
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Huawei-backed Luxeed to launch 2nd model in H2 2024 to take on Tesla Model Y, report says
Luxeed launched its first model, the Luxeed S7, on November 28 as a direct competitor to the Tesla Model 3.
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China EV sales in week 48: BYD 56,200, Tesla 17,600, Nio 3,700
The whole market was up in the last week of November as end-of-year sales push begins.
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Xiaomi SU7 spotted testing on track, preorders to start in December
December 27 will mark 1000th day since Xiaomi announced it will build a car.
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China EV insurance registrations for week ending Dec 3: Nio 3,700, Xpeng 4,800, Li Auto 9,600, Tesla 17,600
For the week of November 27 to December 3, BYD's vehicle insurance registrations in China were 56,200 units.
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GAC Aion enters Cambodian auto market with launch of Aion Y Plus
GAC Aion has entered the Cambodian automotive market in partnership with a local dealer, its second international market entry after Thailand.
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Some battery makers in China to be forced to cut or halt production due to lack of orders, says TrendForce
As demand in the power and energy storage battery markets cools, cell makers have adjusted their capacity utilization rates downward to reduce inventory.
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