CnEVPost Newsletter: China EV insurance registrations
Between December 1 and December 24, Nio was at 12,000 units, Xpeng at 12,500, Li Auto at 36,400, Tesla at 60,200 and BYD at 180,000 units.
Competition is fierce at the moment, and the timing of Nio's second brand's entry into the market is important, William Li said on December 24.
Previous reports said Firefly models would be built at Nio's F4 plant in Chuzhou.
Xiaomi SU7 price is not yet finalized, but it does seem a bit expensive, Lei Jun said.
While Tesla made cars mobile computing terminals, the automotive industry's new mission now is to create mobile smart spaces, and that's what Xiaomi's car-making is coming for.
Available in both EREV and BEV versions, the Aito M9 is expected to compete with Li Auto's Li L9 and Nio's ES8.
The Jiyue 07 is another 7-series model for the Chinese EV market. Jiyue just launched its first model, the Jiyue 01, on October 27.
Changan and Ganfeng will set up a joint venture based on equal shareholding to accelerate solid-state battery development and manufacturing.
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