CnEVPost Newsletter: Xpeng to acquire Didi's EV business; Nio opens Nio House in NeoPark
The first model in the "Mona" program will be an A-class EV, to be launched in 2024 to expand into the popular RMB 150,000 segment.
Xpeng saw its biggest one-day gain in early Hong Kong trading since the Volkswagen deal late last month.
The Mona project will be aimed at both corporate and general consumers, but it's uncertain whether Xpeng will create an entirely new channel for the project, according to local media.
The Mona project will be the start of a second, or even third, brand for Xpeng, which will be predominantly aimed at general customers but also corporate customers, Xpeng's CEO said.
Nio's overall order intake peaked in July after a significant price cut in June, according to Morgan Stanley.
This is Nio's 134th Nio House worldwide and its first zero-carbon facility. It has a design not found in all other such facilities -- a corridor that provides direct access to Nio's F2 factory.
Nio has added 395 new battery swap stations in China so far this year, and it aims to add a total of 1,000 this year.
The Nio phone will be officially launched in late September and will be a flagship Android-powered phone that is very recognizable from the back, according to local media.
BYD reported revenue of RMB 1,399.5 in the second quarter, the second highest on record after the fourth quarter of 2022.
The acquisition will expand BYD Electronic's customer base and product boundaries and broaden its smartphone components business, BYD said.
Qiyuan's product matrix will include the A-series, Q-series, and E0-series, with four models to be released within this year, including the A05, A06, A07, and Q05.
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