CnEVPost Newsletter: NIO denies rumors of tie-up with Mercedes; Li Auto aims to outsell German luxury brands in 2024
A fake rumor yesterday claimed that Mercedes-Benz will use NIO's battery swap network and will build its next-generation models based on NIO's standards.
This will be Tesla's first presence at an auto show in China since April 2021, and NIO will exhibit the ET5 Touring at the event and will hold a brief press conference on June 16.
Li Auto CEO looks down on local peers, arguing that their sales are so low that they don't deserve to be taken seriously.
The Denza N7 will hit the market later this month, with deliveries set to begin in July, targeting a market in the RMB 400,000 range.
From June 1 to June 11, retail sales of all passenger vehicles in China were 425,000 units, down 10 percent year-on-year and down 25 percent from the same period last month.
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