Edison Yu's team believes that Nio can cut costs in five areas: battery cells, chip development, battery swap, dealer network, and phone.
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Xiaomi SU7 comes with two battery pack options of 73.6 kWh and 101 kWh capacity, capable of delivering up to 668 kilometers and 800 kilometers of range, respectively, a latest regulatory filing has revealed.
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WeLion installed 0.41 GWh of power batteries in November, which could be used to build about 2,733 units of 150-kWh battery packs.
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Between December 1 and December 10, Nio was 4,400, Xpeng 3,900, Li Auto 13,000, Tesla 23,500 and BYD 64,400 units.
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Nio aims to complete the validation of 250,000 kilometers of NOP+ urban pilot routes by the end of the year, more than quadrupling the initial target announced in September.
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Wait times for both the ES7 SUV and ET7 sedan have turned into 5-6 weeks today, compared to 4-5 weeks for both of them previously.
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BYD sold 263,066 retail units in China in November, and Tesla 65,504.
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The ES6 and ET5 Touring remain the top Nio models in terms of deliveries, together contributing 55.86 percent of November's volume.
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The Tesla poster didn't provide details, but it seems to be referring to the Model Y's standard-range version being sold out of available capacity for 2023.
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Offering new variants with LFP batteries is a means for some EV makers to cut prices, and Xpeng's LFP version of the P7i, launched last month, has lowered the starting price by RMB 26,000 yuan.
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