In the first 10 days of September, China's penetration of NEVs at retail was 39.18 percent, and 33.8percent year-to-date.
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Global markets are now flooded with cheaper Chinese EVs and their price is kept artificially low by huge state subsidies, European Commission President Ursula von der Leyen said.
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Nio joins hands with Svolt as the manufacturer decides to outsource battery development, sources say.
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Nio and Svolt Energy will jointly invest in a pilot production line in Anhui province, and some of their R&D staff will be merged, according to local media.
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Polestar 4 gets a production license as it prepares for the deliveries by the year-end.
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Nio released NOP in October 2020 and launched the more powerful NOP+ in December 2022 after accumulating a large amount of user mileage data.
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