CnEVPost Newsletter: EU's anti-subsidy probe; Nio's battery making rumors
Global markets are now flooded with cheaper Chinese EVs and their price is kept artificially low by huge state subsidies, European Commission President Ursula von der Leyen said.
Nio and Svolt Energy will jointly invest in a pilot production line in Anhui province, and some of their R&D staff will be merged, according to local media.
Nio released NOP in October 2020 and launched the more powerful NOP+ in December 2022 after accumulating a large amount of user mileage data.
In August, BYD sold 25,023 NEVs in overseas markets, up 37.72 percent from 18,169 in July.
Fang Cheng Bao started accepting reservations for the Bao 5 late last month, with a price range of RMB 300,000-RMB 400,000.
Zeekr began accepting pre-orders for the Zeekr 001 FR on September 1, with its price tag not released, though it's expected to exceed 1 million yuan.
In the first 10 days of September, China's penetration of NEVs at retail was 39.18 percent, and 33.8percent year-to-date.
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