Smart and Sustainable Electric Mobility
At the end of February, Li's stake in Nio was 10.5 percent, with 44.2 percent of the voting rights. CYVN will hold a 20.1 percent stake in Nio after its latest investment.
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BYD has caught up with Tesla's 17 percent share of the global BEV market in the third quarter and is expected to overtake Tesla as the global leader in the fourth quarter, Counterpoint Research said.
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Xpeng believes that expanding volumes is critical, and will continue to prioritize volumes into 2024, as well as improving profitability through cost reductions.
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IM Motors is applying to the Chinese industry regulator for L3 product entry, with its models expected to be among the first to begin L3 self-driving pilots.
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Per share purchase price is 7.50 USD.
The post Nio announces 2.2 billion USD investment from CYVN appeared first on CarNewsChina.com.
CYVN will increase its stake in Nio to about 20 percent with its latest investment, after finishing a roughly $1.1 billion investment in July.
The post BREAKING: Nio secures new $2.2 billion investment from Abu Dhabi's CYVN appeared first on CnEVPost.
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The Gely Galaxy E8 has a Golden Brick battery from Zeekr on board, 475 kW and up to 655 km of range. It has a drag coefficient of 0.199 Cd.
The post Geely Galaxy E8 with 475 kW started pre-sales in China at 26,350 USD appeared first on CarNewsChina.com.
Last week BMW said it was licensed to test vehicles with L3 self-driving features in Shanghai.
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Rept's latest market capitalization of HK$42.4 billion overtook CALB as the highest lithium battery maker listed in Hong Kong.
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Neta and LK Technology will jointly develop a die-casting machine in the 20,000-ton class, which is expected to reduce the manufacturing time of vehicle chassis from 1-2 hours to 1-2 minutes.
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