CnEVPost Newsletter: Xpeng to acquire Didi's EV business; Nio opens Nio House in NeoPark
CnEVPost Newsletter: Xpeng to acquire Didi's EV business; Nio opens Nio House in NeoPark
Xpeng to acquire Didi's EV business, plans to launch new brand codenamed 'Mona' in 2024
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 surges over 14% in HK after deal with Didi announced
Xpeng saw its biggest one-day gain in early Hong Kong trading since the Volkswagen deal late last month.
Xpeng's Mona project reportedly to launch 2 models by end of 2024
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 store traffic remains healthy, order inflow picks up in mid-Aug, says Morgan Stanley
Nio's overall order intake peaked in July after a significant price cut in June, according to Morgan Stanley.
Nio opens its largest Nio House to date in Hefei NeoPark
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 reaches 1,700 swap stations in China
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.
Nio's 1st phone model to be launched in late Sep, report says
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 sees Q2 net profit rise 65% from Q1 to $936 million
BYD reported revenue of RMB 1,399.5 in the second quarter, the second highest on record after the fourth quarter of 2022.
BYD's electronics unit to buy US firm Jabil's electronics making business in China for $2.2 billion
The acquisition will expand BYD Electronic's customer base and product boundaries and broaden its smartphone components business, BYD said.
Changan's new EV brand, Qiyuan, officially launched with goal of 1.5 million annual sales by 2030
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.