CnEVPost Newsletter: Nio battery swap alliance welcomes new member
Geely becomes the latest Chinese auto giant after Changan to enter into a partnership with Nio on battery swap.
Geely Holding Group is one of China's largest car companies, operating in eight sectors and owning dozens of brands.
Nio's battery swap system will go from private domain exclusive service to public service and is expected to turn a profit, local media said.
After Changan, Geely, JAC may also join Nio's battery swap system, local media said.
The Seagull, the least expensive model under the BYD umbrella, sold 43,350 units in October, making it the second-highest selling BYD model.
The project will have an annual capacity of 720,000 power device products and 6 billion optical microelectronic products when completed.
BYD was recognized by Munger in 2008 when Berkshire Hathaway became a significant shareholder in the company, the company said.
Nvidia has posted a job ad for its autonomous driving China team, led by former Xpeng smart driving chief Wu Xinzhou.
China's retail penetration of NEVs was 40.5 percent from November 1 to November 26, and 34.9 percent year-to-date.
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