Nio will officially launch the Onvo brand on May 15 at 7:30 pm Beijing Time, when the event will be streamed live in video.
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Zeekr's final pricing sits at the upper end of the range at $21 per ADS, valuing the company at about $5.13 billion, half of Nio's value.
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The e-Platform 3.0 Evo brings higher integration and enhanced performance. The Sea Lion 07 EV starts at RMB 189,800 ($26,270) and will begin deliveries this month.
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In the January-April period, Tesla sold 163,841 units in China, down 7.64 percent year-on-year.
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The Avatr 07 will be Avatr's third model after the Avatr 11 SUV, Avatr 12 sedan and will be its first model that will be offered in both BEV and EREV variants.
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The US government is set to impose new, targeted tariffs on some key sectors, including Chinese EVs, batteries and solar equipment, according to Bloomberg.
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Two Yangwang U9s left for the UK on May 7 and will participate in the Goodwood Festival of Speed 2024 from July 11-14.
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Skyworth Auto has signed a 10-year partnership agreement with Saudi Arabia's KAG, with the first phase of a five-year partnership having a business plan worth RMB 10 billion ($1.38 billion).
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Tesla is escalating the scale of layoffs in China, with more cuts starting earlier this week, extending mid-April cuts, according to Bloomberg.
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The joint venture is 51 percent owned by BYD's battery unit FinDreams, with local conglomerate Huaihai holding the remaining 49 percent.
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