Nio and Xpeng both had 1,300 insurance registrations in China last week, according to data shared by Li Auto.
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Nio CEO William Li told CnEVPost last month that every RMB 50,000 drop in the price of lithium carbonate would result in roughly a 1.5 percent improvement in gross margin for the company.
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The Hyper SSR is offered in three versions and deliveries were made to the first owners today.
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Nio took four years to deliver its first 10 million battery swap service and nine months to achieve its second 10 million. Its third 10 million service took six months.
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Li Auto is set to take deliveries to the next level in the fourth quarter and is expected to see monthly deliveries of more than 40,000 units, the company's CEO said.
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Li Auto is set to take deliveries to the next level in the fourth quarter and is expected to see monthly deliveries of more than 40,000 units, the company's CEO said.
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Xpeng said it has received more than 1,200 applications to join its sales system since the launch of the Jupiter Project.
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In the third quarter, Tesla sold 222,517 China-made vehicles, up 41.34 percent year-on-year and up 67.27 percent from the second quarter.
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Four lower-priced models of Nio now see wait times of 2-3 weeks, with the flagship SUV ES8 also shortened from 5-6 weeks to 4-5 weeks.
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The growth of EVs is a revolution that many people don't understand, but once you share the data and the reality, they realize there is nothing to be challenged, a BYD executive said.
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