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CnEVPost Newsletter: New NIO House in Germany; BYD sales target
NIO co-founder and president Qin Lihong was on-site for the opening of the NIO House in Frankfurt.
BYD aims to sell at least 3 million vehicles this year and strive to reach 3.6 million, said Wang Chuanfu, its chairman and president.
In the price range of RMB 300,000-500,000, Li Auto has a market share of nearly 20 percent, it said.
In the January-February period, SAIC-GM-Wuling sold 50,433 NEVs in China, second only to BYD and Tesla.
The Landian E5 is a mid-size plug-in hybrid SUV with a starting price of RMB 139,900.
For an EV with a 70-kWh pack, the cost of the battery is now RMB 12,300 - RMB 14,500 lower than when lithium carbonate prices were at their previous high, analysts say.
CATL's share in January-February was the same as in January, while BYD saw its share rise.
Price war has been the most talked about topic in China's auto industry this month, and the imminent implementation of a new emissions standard is seen as a major factor.
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