BYD is offering discounts on three models, in a move that appears to be aimed at clearing inventory of older models after launching Smart Driving Edition updates.
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Author: Phate Zhang
Nio announced the pricing of its offering of 136,800,000 additional shares at HK$29.46 per share, for a total offering amount of HK$4.03 billion.
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Nio plans to use the net proceeds for research and development of smart electric vehicle technologies and new products, further strengthening balance sheet as well as general corporate purposes.
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Li Auto's Halo OS aims to challenge the closed-source AUTOSAR and is expected to save the automotive industry up to RMB 20 billion in investment each year.
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This means that 7,153 P7+ cars have been delivered so far this month.
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Nio has teamed up with Future Science City Group in Beijing to jointly build 100 battery swap stations.
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CATL received approval from the CSRC to proceed with its listing on the main board of the Hong Kong Stock Exchange.
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Tesla has changed the name of its software package priced at RMB 64,000 ($8,820) in China to one that does not include the word "FSD".
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BYD's car sales target for 2025 is 5.5 million units, including more than 800,000 in overseas markets, according to local media.
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Lynk & Co 900 is Lynk & Co's largest vehicle to date, measuring 5,240 mm in length, and will be officially launched in late April.
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