CnEVPost Newsletter: China EV weekly insurance registrations, Dec sales
Insurance registrations for major EV makers in China fell significantly last week, with the beginning of the year and the start of the month typically being a delivery low point.
Nio needs to continue to improve its financial performance to support the company's sustainable growth, and has a responsibility and obligation to put every penny of investor and shareholder money to good use, Li said.
Alps is targeting the family car market priced between RMB 200,000 ($28,000) and RMB 300,000, according to local media.
The facilities allow vehicles to charge during low electricity use and discharge during peak times, helping to smooth the load on the grid and provide financial rewards for vehicle owners.
Li Auto's local counterpart Nio has unveiled its first in-house developed autonomous driving chip, which will be used in the ET9 executive flagship sedan.
In the fourth quarter, Tesla sold 169,935 vehicles in China, accounting for 35 percent of its global deliveries of 484,507 vehicles.
The AT512 has 512 laser channels and a maximum detection range of over 400 meters.
For the full year 2023, China's NEV penetration at retail was 35.7 percent, up 8.1 percentage points from 2022.
CATL's share in the January-November period was higher than the 35.7 percent it achieved in the same period last year, and higher than the 36.9 percent in the January-October period.
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