NIO's battery plant will have an annual capacity of 40 GWh and could power about 400,000 long-range electric vehicles, Reuters reported.
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Deutsche Bank believes the true test for Li Auto will come in the second half of the year.
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Deutsche Bank's Edison Yu's team thinks NIO's performance will improve significantly in the second half of the year, but there's a big "IF" in it.
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According to NIO's internal expectations, ALPS will have half the number of models than the main brand NIO, but will aim to achieve 50,000 units per month in sales, local media said.
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NIO now has 11 battery swap stations in Europe, with six more to open soon.
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Compared to the NIO brand and the ALPS project, Firefly models will have weaker smart driving features, but will still have a significant intelligence advantage over European carmakers' products, according to local media.
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XPeng delivered 22,204 vehicles in the fourth quarter, above the upper end of the 20,000 to 21,000 guidance range it previously provided.
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Insurance registrations for most new energy vehicle (NEV) brands in China were flat or up slightly last week compared to the previous week, the latest figures show.
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XPeng's Guangzhou plant was qualified in December to produce vehicles with a design capacity of 120,000 vehicles a year, a contractor for the company said.
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NIO's F4 plant integrates Leopard's original plant, and more information may be announced in March-April, according to local media.
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