CnEVPost Newsletter: NIO's inventory clearance nears end; Geely to launch new NEV brand
NIO's inventory clearance of older models nears end
An NIO salesperson in Beijing said the older ES8, ES6 and EC6 models have been discontinued for two months and they are now out of stock in the city.
NIO says older models being phased out as planned, denies rumors of sales halt
NIO said the 2022 ES8, ES6, and EC6 are no longer being custom-built, but a small number of show cars and existing cars are still available for sale.
NIO to report Q4 earnings on March 1
NIO delivered 40,052 vehicles in the fourth quarter, above the upper end of its lowered guidance range of 38,500 to 39,500 vehicles.
BYD so far ahead of Tesla in China that 'it's almost ridiculous,' says Charlie Munger
If all the manufacturing space BYD has to build cars in China is counted, it would amount to a big percentage of Manhattan island, Munger noted.
Geely to launch new mid-to-high-end NEV brand and 1st product on Feb 23
The first model of the new brand is expected to be a sedan that will have extremely low wind resistance.
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