Smart and Sustainable Electric Mobility
Neta's sales of 152,073 units in 2022 are the highest of China's major new car makers, but its flagship model starts at half the average sales price of NIO models.
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The CPCA did not release preliminary sales figures for NEVs in December. Previous figures showed the CPCA expected the figure to be around 700,000 units.
The post China's retail auto sales exceed 2.4 million in Dec, up 47% from Nov, preliminary CPCA data show appeared first on CnEVPost.
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Lack of consumer confidence and the Chinese New Year holiday will send China's auto sales down in January, an industry association said.
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Scale is important for a car company, and without scale it's impossible to be profitable, said Leapmotor's CEO.
The post Leapmotor would have to sell at least 400,000 units a year to break even, CEO says appeared first on CnEVPost.
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CATL's installed power battery volume from January to November was 165.7 GWh, ranking first with a 37.1 percent market share.
The post Global EV battery market share in Nov: CATL 40.9%, BYD 15.6% appeared first on CnEVPost.
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GeForce NOW will enable occupants of these vehicles to stream games while parked or charging their NEVs, BYD said.
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Ruilong was founded in 2016 and has four recycling plants, three of which are already in operation.
The post NIO Capital leads Series A funding round in local battery recycling firm appeared first on CnEVPost.
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After a disappointing 2022, some tailwinds will drive a recovery in retail sales and production in the Chinese auto sector in 2023, Goldman Sachs said.
The post Goldman Sachs raises 2023 forecast for China auto sector to reflect faster-than-expected Covid reopening appeared first on CnEVPost.
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Hello UK soon
The post Nio will roll out swap stations in the UK in 2023, according to executive appeared first on CarNewsChina.com.
"The short is answer is yes but we share investor frustration following the guidance cut last week," Edison Yu's team wrote.
The post Deutsche Bank asks: Will NIO's operational issues ever end? appeared first on CnEVPost.
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