Earlier today, rumors spread that Xiaomi EV was planning to acquire a 58.5 percent stake in Evergrande NEV in order to use the latter's existing factories to address its capacity issues.
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Great Wall Motor plans to close its European headquarters in Munich at the end of August and fire all of the 100 or so local employees, according to a German media report.
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“While new launches should boost wholesale volume, we would monitor whether it could spark another round of price competition,” Morgan Stanley said.
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Six companies, including CATL, BYD, FAW, SAIC, WeLion and Geely, may receive basic government R&D support, according to China Daily.
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The Seal 06 DM-i and Qin L DM-i are the first two models to feature BYD's fifth-generation DM technology, both available in five variants and with a price range of RMB 99,800 ($13,770) to RMB 139,800.
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BYD's fifth-generation DM technology allows the vehicle to consume as low as 2.9 liters of fuel per 100 kilometers at low charge, with a combined range of up to 2,100 kilometers.
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In the May 1-26 period, insurance registrations for Nio vehicles were 15,400, Tesla 43,900, BYD 209,900, and Xiaomi 6,700 units.
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Deliveries of the Neta L have been delayed as 95 percent of customers opted for the highest priced variant.
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Xpeng management said earlier this month that Mona's first model will be unveiled in June and will go on sale and begin deliveries in the third quarter.
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Xiaomi has added CATL batteries to the standard variant of the SU7 instead of just BYD batteries as it did earlier to boost capacity.
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