China's passenger car retail sales are estimated to be around 2.2 million units in January, down 6.5 percent from December.
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BYD has launched the Seal, Dolphin and Atto 3 in Indonesia and plans to invest $1.3 billion in a plant with a capacity of 150,000 vehicles.
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SAIC sold about 1.21 million vehicles overseas in 2023, and the target implies a 12 percent growth.
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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.
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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.
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BYD will invest RMB 100 billion in vehicle intelligence in the future to lead the way in NEV development, the company's chairman said.
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Under the agreement between the two, Huawei has committed not to engage in the automobile manufacturing business and not to engage in the same business as the new company, Changan chairman said.
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The BYD Sea Lion 07 will be available in single- and dual-motor versions and support a top speed of 225 km/h.
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The new Zeekr 001 will use Zeekr's in-house developed Golden Battery based on LFP chemistry.
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Nio will raise the cost of battery upgrades on a daily basis by 76 percent between February 1-17, as it expects demand for upgrades to surge during the Chinese New Year travel rush.
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