Nio's hardware chief Bai Jian has confirmed that he's taking over the phone business, and hinted that the Nio Phone may use the company's own image signal chips.
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The move is in response to competition from Huawei-backed Aito's new M7, and Li Auto's sales expectation for the Li L6 is 20,000 units per month, according to local media.
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The shake-up of the phone team doesn't mean the business will stop, and Nio will launch at least 3 generations of smartphones, according to local media.
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Geely Auto aims to target the market with the broadest potential user base with the Galaxy E8 and accelerate the replacement of conventional internal combustion engine vehicles.
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This is Tesla's biggest recall in China, involving potentially all delivered vehicles.
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The front wheels of the Nio ET9 prototype move up and down at high frequencies, while the two water-filled glasses placed at the front of the car remain stable.
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Xiaomi SU7 is unlikely to be priced before its official launch, nothing has been finalized yet, an executive said.
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Despite its early-mover advantage, Nio's growth momentum could remain soft on relatively fewer new model launches given its mature product portfolio vs. peers, Goldman Sachs said.
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China aims for NEVs to become an important part of the energy storage system by 2030, providing tens of millions of kilowatts of regulation capacity to the power system.
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Avatr will launch two new models in 2024 and will have four EVEVs to add to the lineup, its president said.
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