Discover more from CnEVPost Newsletter
CnEVPost Newsletter: Nio lays out organizational optimization plan
Nio said it will improve resource efficiency and defer or cut investments in projects that don't contribute to the company's financial performance in three years.
Most of Nio's businesses will see layoffs, with the battery and phone businesses likely to be adjusted the most, according to local media.
The EC6's contribution to Nio's sales is modest, but the actor's move to buy the coupe SUV is an endorsement of the model and the Nio brand.
Xpeng made a filing earlier this year for the P7 with an LFP battery pack, with cell supplier Eve Energy.
One day after announcing discounts of up to RMB 10,000 for its least expensive model, the T03, Leapmotor announced benefits including loan interest subsidies for two other models.
Multiple images circulating on Chinese social media show details of the body of what is said to be Xiaomi's first EV model.
Cariad China's partnership with Vivo comes at a time when Chinese consumers are increasingly valuing the seamless experience of connecting their smartphones to EVs, which has even driven some EV makers, including Nio, to enter the phone making space.
Thanks for reading CnEVPost Newsletter! Subscribe for free to receive new posts and support my work.