Nio's effective pricing adjustments and more models offered to the market have driven solid sales, BofA said.
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Zeekr today announced that customers who purchase the Zeekr 001 during the year will receive a discount of between RMB 30,000 and RMB 37,000.
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Neta began accepting reservations for three models from Indonesian customers during a local auto show, and their official sales will begin in the fourth quarter.
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The Zeekr 001 FR will be the best of Zeekr's high-performance all-electric vehicles, priced at more than RMB 1 million, it said.
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Mavel, founded in Italy in 1999, will be a supplier of core components for Nio's next-generation platform, Nio Capital said.
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With retail sales of 1,385,455 units in the January-July period, BYD topped China's NEV market with a 37.2 percent share, ahead of second-place Tesla China at 8.7 percent.
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Deutsche Bank expects Xpeng to report mixed results for the second quarter, while the outlook for the third and fourth quarters will show meaningful sequential improvement driven by a strong G6 order book.
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Nio's William Li said the Nio phone is about providing a better digital key experience for car owners, and this article explains how.
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Li Auto plans to launch four new models in 2024, including an EREV and three BEV models.
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While Li Auto's underlying execution remains strong, Nio, Xpeng will be more compelling growth stories in coming quarters, said Deutsche Bank.
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