CnEVPost Newsletter: New model to be unveiled on Nio Day 2023 could be 'ET9'
The model would be a low-volume car, but may serve as a halo vehicle to generate excitement around the brand, Deutsche Bank said.
Nio will unveil a new flagship model at Nio Day 2023 that will feature many world's leading technologies, William Li said earlier today.
The spin-off could take place as early as the end of this year, after which the battery unit will seek external investors, according to Reuters.
With full control over all core processes of vehicle production, Nio will be able to improve its manufacturing efficiency and have more leverage in the fierce competition.
Li Auto is offering preferential loan rates to customers who buy its models before the end of the year, a rare public promotional move by the company in the past few years.
Tesla plans to restart the third phase of Shanghai plant project, possibly focusing on the production of the $25,000 model, according to local media.
The proposal is based on Wang Chuanfu's confidence in China's NEV industry and the company's prospects, as well as his recognition of BYD's value to boost investor confidence, BYD said.
CATL's share continues to rank first in the world and remains the only global battery supplier with a market share of more than 30 percent.
China's passenger NEV penetration at retail stood at 38 percent in November, up from 37.8 percent in October.
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