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CnEVPost Newsletter: NIO adds top talents to battery team; Tesla sells 74,402 China-made vehicles in Feb
NIO's battery R&D team has now exceeded 800 people, with annual R&D investment expected to exceed RMB 1 billion, according to local media.
This is a full-text translation from CnEVPost of NIO's March 1 earnings call.
The new XPeng P7 will be named P7i and will go on sale next week, when pricing information will be announced, according to local media.
In January and February, insurance registrations for passenger cars in China were down more than 25 percent from a year earlier, Li Auto CEO said, citing insurance registration data.
In the first two months, Tesla sold 140,453 China-made vehicles, up 20.71 percent from the same period last year.
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