CnEVPost Newsletter: Nio offers discounts on current models, deliveries of 2024 refreshes to begin in Mar
Nio's move comes at a time of increasingly fierce price competition in China's EV market, which is also making model refresh cycles shorter.
There's no specific deadline for these discounts until the 2023 models are sold out. Nio will begin delivering 2024 models in March.
Alps will use a pure vision solution similar to Tesla's on its smart driving system to cut costs, according to local media.
Some Li Auto stores saw a significant uptick in sales just this past weekend, and some trim levels are no longer available for delivery before the Chinese New Year, according to local media.
BYD will invest RMB 100 billion in vehicle intelligence in the future to lead the way in NEV development, the company's chairman said.
BYD last month began converting its pouch-type battery cell production lines at two of its factories to produce prismatic batteries, but is still producing pouch cells at a third plant, according to Reuters.
Xiaomi's EV business could have an intrinsic value of RMB 90 billion yuan if it scales up rapidly, Morgan Stanley said.
SAIC sold about 1.21 million vehicles overseas in 2023, and the target implies a 12 percent growth.
The price war for power batteries is intensifying, with the world's two largest battery makers reportedly pushing battery costs down further.
China's NEV sales performed even worse at retail last week, leading to a significant drop in sales in the first half of the month compared to the same period in December.
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