Huawei's automotive business has already turned profitable as sales explode, especially for the Aito brand, an executive said.
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"Li Auto delivered mostly in-line 1Q24 earnings results and 2Q24's volume outlook bracketed our forecast but pricing pressure appears much worse than anticipated," said Deutsche Bank.
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Xiaomi CEO Lei Jun tried to peddle a concept for a unified in-vehicle eco-system in a meeting that included Nio' William Li and Onvo president Ai Tiecheng.
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A total of 243 stations provide PSP services that enable vehicles to autonomously drive from the main road to a target service area and autocomplete a battery swap when NOP+ is turned on.
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Chinese customers who order a Tesla vehicle before June 20 will have the chance to get a 5,000-km free supercharging entitlement, but only 140 spots are available.
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China FAW will join the Nio-led battery swap alliance, becoming the seventh automaker to do so, according to local media.
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Li Auto is reportedly undergoing massive layoffs that could involve more than 5,600 people, as sales fall short of expectations, according to local media.
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China's retail penetration of NEVs was 43.11 percent in May 1-12, and 38.87 percent year-to-date.
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Baidu's self-driving ride hailing platform Apollo Go is close to break-even and aims to be profitable by 2025.
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The BYD Shark can sprint from 0 to 100 km/h in 5.7 seconds and supports features including in-vehicle voice control and remote vehicle management.
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