CnEVPost Newsletter: Nio offers discounts on current models, deliveries of 2024 refreshes to begin in Mar
Nio to begin deliveries of 2024 models in Mar, offers discounts on current ones
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.
Nio reportedly offering up to $5,560 off current models
There's no specific deadline for these discounts until the 2023 models are sold out. Nio will begin delivering 2024 models in March.
Nio's Alps sub-brand's models to ditch LiDAR and adopt 1 Orin chip, report says
Alps will use a pure vision solution similar to Tesla's on its smart driving system to cut costs, according to local media.
Li Auto seeing immediate effects of price discounts
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 unveils vehicle intelligence strategy, aims to invest over $14 billion
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 to stop producing pouch batteries for its PHEVs over leak concerns, report says
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 EV likely to be a disruptor, says Morgan Stanley
Xiaomi's EV business could have an intrinsic value of RMB 90 billion yuan if it scales up rapidly, Morgan Stanley said.
SAIC aims to sell 1.35 million vehicles overseas in 2024
SAIC sold about 1.21 million vehicles overseas in 2023, and the target implies a 12 percent growth.
Battery price war: CATL, BYD pushing battery costs down further
The price war for power batteries is intensifying, with the world's two largest battery makers reportedly pushing battery costs down further.
China NEV retail sales at 226,000 in Jan 1-14, down 21% from same period last month
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.