CnEVPost Newsletter: Nio says its sales model in Europe unchanged, sub-brand Firefly evaluating multiple models

Oct 18, 2023

Nio says its sales model in Europe unchanged, sub-brand Firefly evaluating multiple models

Nio is committed to a direct sales network in Europe, and the Firefly project is evaluating multiple channel models in Europe, including direct and dealer models, it said.

Nio considering dealer network in Europe to boost sales, report says

After Nio's president said last month that European sales had fallen short of expectations, the company has begun evaluating dealers in key European markets, according to Reuters.

Morgan Stanley explains why Xpeng shares have been weak recently

Shares of Xpeng have fallen back to the level prior to the Volkswagen deal, despite improving operations and strategic opportunities, Morgan Stanley noted.

Xpeng to hold Tech Day 2023 on Oct 24, will unveil autonomous driving roadmap

Xpeng said it will unveil its cutting-edge technology roadmap for autonomous driving and mobility ecosystem, including its smart EVs and robotics.

Li Auto releases more official images of Li Mega

Li Auto today shared five more images of the Li Mega and hinted that the MPV's wind resistance will be as low as that of a coupe.

BYD averages about $1,440 in profit per vehicle in Q3

BYD's average profit per vehicle improved by about RMB 2,700 in the third quarter from the second quarter, driven primarily by scale advantage, analysts said.

Neta launches Neta X with prices starting at $17,340

The Neta X replaces the Neta U-II, with the starting price lowered by RMB 9,000 and a limited time discount of RMB 18,000.

WM Motor says 'pre-restructuring' does not mean bankruptcy, denies founder fled overseas

WM Motor has denied reports that its founder Freeman Shen has fled to the US, leaving behind nearly RMB 40 billion in investments and debts.

Sunwoda's EV battery business kicks off IPO process in China

Sunwoda is one of the world's largest power battery makers, and its EV battery business was valued at RMB 35.56 billion in its last funding round in June.

China's NEV retail in Oct 1-15 at 294,000, up 8% from same period last month

So far this year, China's passenger NEV retail sales amounted to 5,482,000 units, up 34 percent year-on-year.