The Li L6 will be the biggest driver of Li Auto's sales growth this year, but the segment is highly competitive due to the natural effect of falling price ranges, says Deutsche Bank.
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Li Auto will begin small-volume deliveries of the Li L6 next week and expects to deliver about 2,000 units this month, with large-scale deliveries beginning in May.
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Nio founder, chairman and CEO William Li said he's completely unaware of any new layoff plans.
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China FAW will work with Geely-backed parts supplier Ecarx to create high-end smartphones for the Hongqi brand that will bring an intelligent interactive experience to users, according to a statement.
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The launch event of the Li L6 will begin in a few hours at 8 pm Beijing Time.
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Xpeng's smart driving software, which is trained to handle domestic traffic conditions in China, is an exceptionally smooth experience overseas, said the EV maker's CEO.
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EV owners of SAIC-GM's Cadillac and Buick brands will be able to use Nio's charging piles through their mobile apps.
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Jia Dian App built by Nio exceeds 5 million registered users, accessing charging facilities covering 91 percent of Chinese cities.
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Xpeng and Volkswagen's jointly developed E/E architecture is expected to equip Volkswagen-branded EVs produced in China from 2026.
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The Megafactory will be Tesla's first energy storage system factory outside of its US domestic market, with an initial planned annual production capacity of up to 10,000 commercial energy storage batteries.
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