Nio Power will build a new battery swap station manufacturing base in Wuhan, targeting an annual capacity of over 1,000 battery swap stations.
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Author: Phate Zhang
Li Auto had 10,700 insurance registrations last week, Xpeng 2,300, Zeekr 3,500, Leapmotor 5,300 and Aito 5,600.
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The Xpeng Mona M03 will have a starting price of no more than RMB 135,900 ($19,050), according to a previous poster from the company.
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After the transaction, Avatr will hold a 10 percent stake in Newcool, while Huawei will hold 90 percent.
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Power UP 2024 will be held on August 20 in Wuhan, Hubei, central China. For the past three years, Nio had held the Nio Power Day events in the summer of each year.
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BYD set up its own auto insurance business through an acquisition, which began operations in May this year.
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“We are committed to fostering a growing community in the UAE and building strong networks to provide the best possible experience for NIO users,” the company wrote on its UAE website page.
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BYD has launched the Sealion 6 in Sri Lanka, its fourth model there after the Dolphin, Seal, and Atto 3.
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Ganfeng plans to set up a joint venture in Turkey, which plans to invest $500 million to build a lithium battery project with an annual capacity of 5 GWh in Turkey.
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In a recent shake-up, Volkswagen moved its BEV R&D resources in China to Anhui province, where it hopes to build a "Wolfsburg of the East," according to local media.
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