CnEVPost Newsletter: Nio gets independent car production qualification
China has imposed restrictions on car production over the past decade amid concerns about overcapacity. Nio had previously been producing cars under JAC's qualification.
As JAC's deal to sell its factory assets comes to a deadline, rumors that Nio will buy them and announce its own car-making qualifications are circulating widely on Chinese social media.
Nio's annual event, Nio Day, is expected to take place at the end of this month.
Tesla sold 82,432 China-made vehicles in November, up 14.31 percent from 72,115 in October, ending the previous two months of sequential declines.
BYD's roll-on/roll-off car carrier Explorer 1 has completed its first 7-day sea trial in Yantai, Shandong province.
The strategy of having a hybrid model as the third product is more of a practical move by Xiaomi to boost sales faster, local media said.
In October, China's NEV penetration at retail stood at 37.8 percent, up 7.6 percentage points from 30.2 percent a year earlier.
China's NEV penetration rate at retail was 37.8 percent in October, up from 36.9 percent in September.
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