CnEVPost Newsletter: Nio's smartphone chief to leave; Zeekr aims for 230,000 EV deliveries in 2024
Nio's hardware chief Bai Jian has confirmed that he's taking over the phone business, and hinted that the Nio Phone may use the company's own image signal chips.
The shake-up of the phone team doesn't mean the business will stop, and Nio will launch at least 3 generations of smartphones, according to local media.
Morgan Stanley cut its price targets on Nio and Xpeng, while raising its price target on Li Auto and maintaining its overweight rating on them.
Zeekr aims to deliver 230,000 vehicles in 2024, doubling from 2023, a company spokesperson told CnEVPost.
Zeekr's 200,000th vehicle delivered was the Zeekr 007, which hit the market on December 27, and the milestone means it has delivered 3,367 vehicles so far this month.
Xiaomi EV's ultimate goal is to have Xiaomi vehicles driving around on every street in the world, it said.
Evergrande NEV president Liu Yongzhuo has been taken into criminal detention on suspicion of violating the law, an announcement said.
The Sterra ES hit the market less than 20 days ago, and the new variant lowers the starting price by 12 percent, underscoring the brutal competition in China's EV market.
Nammi is Dongfeng's new brand launched in August 2023 with the goal of surpassing 400,000 sales by 2025.
Malaysia's EPMB will locally assemble Great Wall Motor's electric vehicles, as well as a number of its models including its SUVs.
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