Nio has started recruiting dealership partners for the Nio brand and a sub-brand, in what appears to be a move aimed at reducing expenses while expanding sales network.
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The final judgment upheld the original verdict, requiring the owner of the Douyin account Cheshiji to post an apology to Nio for thirty consecutive days and pay RMB300,000 in damages.
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So far this month, Nio was at 5,700 units, Xpeng at 6,100 units and Tesla at 22,900 units.
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Audi's models, including the Q6L e-tron that will begin mass production in China next year will be powered by BYD's blade batteries as well as CATL's ternary batteries, according to local media.
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This is a continuation of Tesla's price hike last week, when it raised the prices of the long-range versions of the Model 3 and Model Y slightly on November 9 in China.
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The Sea Lion 07 will be an all-electric SUV based on BYD's e-Platform 3.0 and is expected to compete with the Tesla Model Y.
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Wen Yonggang, Professor and Chair of the School of Computer Science and Engineering at Nanyang Technological University, Singapore, has been appointed as a new independent director of Nio.
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Li Auto will hold a press event at the Guangzhou auto show on November 17 from 9:20 am to 9:40 am, at which time the Li Mega will begin accepting pre-orders.
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Tesla Model Y retail sales in China were down 36.39 percent in October from September, while Model 3 was up 9.33 percent.
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October was the first full month of deliveries for the updated G9 since its launch on September 19, and monthly deliveries were an all-time high for the model.
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