Steps being taken by Nio should bear fruit in the coming quarters, but a material improvement in the sales trajectory may take more time, Edison Yu's team said.
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Li Auto plans to initially enter Middle Eastern countries including the UAE, Saudi Arabia and possibly some North African countries, with the first model to be the flagship Li L9, according to local media.
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Jiyue has slashed the starting prices of both versions of the Jiyue 01 by RMB 30,000 and is compensating customers who have already taken delivery for the difference.
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Neta's Thailand plant has begun production of the right-hand drive version of the Neta V-II and will be the main manufacturing base for Neta's right-hand drive EVs.
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The video shows a Nio vehicle traveling to a battery swap station by driving autonomously and driving away after completing the automatic battery swap.
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Nio launched the Jia Dian App in September 2019, claiming to support 90 percent of public charging piles in China, and saw over 1 million registered users in June 2022.
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Earlier today, IFR reported that Zeekr had put its planned US IPO on hold amid weak market sentiment.
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After Changan, Geely, JAC may also join Nio's battery swap system, local media said.
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Nio's battery swap system will go from private domain exclusive service to public service and is expected to turn a profit, local media said.
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Geely becomes the latest Chinese auto giant after Changan to enter into a partnership with Nio on battery swap.
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