Nio and GAC Group's energy units have entered into a charging network sharing partnership, the first substantial development in the collaboration between the two carmakers that was agreed a month ago.
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IM Motors' first EREV model will be an SUV, which will be launched in the first quarter of 2025, according to local media.
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Nio reports generally solid first-quarter result and provided a better-than-expected second-quarter volume outlook, said Deutsche Bank.
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Nio today reported Q1 2024 financial results and held an analyst call afterwards. This article is a real-time update of the key takeaways from that call.
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Nio guided for second-quarter deliveries of between 54,000 and 56,000 units, meaning June deliveries are expected to be between 17,836 and 19,836 units.
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Firefly's first model will make its debut in China, possibly at the end of this year, before launching in Europe in the first half of next year, according to local media.
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Xpeng appointed JuanMa Lopez as vice president of design, saying he will drive the evolution and upgrade of the company's design style.
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Mercedes-Benz's all-electric CLA model will be equipped with a high-level intelligent driving solution from Momenta that does not rely on high-definition maps, and will be capable of pilot assisted driving in urban areas, according to local media.
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Nio is looking to its partners for cost-cutting advice, saying their expertise and industry experience will be important in meeting its cost-cutting goals.
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BYD and Tesla both saw record highs in new orders in China in May, according to Deutsche Bank.
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