CnEVPost Newsletter: Goldman Sachs initiates coverage on Nio
Despite its early-mover advantage, Nio's growth momentum could remain soft on relatively fewer new model launches given its mature product portfolio vs. peers, Goldman Sachs said.
China aims for NEVs to become an important part of the energy storage system by 2030, providing tens of millions of kilowatts of regulation capacity to the power system.
This summer, a total of 108 Nio battery swap stations participated in peak load reduction initiatives in their cities.
Avatr will launch two new models in 2024 and will have four EVEVs to add to the lineup, its president said.
China's retail penetration of passenger NEVs was 39.6 percent in December and 35.7 percent in 2023, according to preliminary CPCA data.
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