Alibaba’s Taobao China completed the sale of 33 million Xpeng ADSs on March 22, according to a Hong Kong stock exchange announcement.
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CATL is working with Tesla on battery technologies, particularly new electrochemical structures for faster charging, the Chinese battery maker's chairman said.
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Xpeng has rolled out a new variant with scissor doors for the single-motor P7i 702 Max, starting at RMB 289,900, or RMB 249,900 after discount.
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The 7 millionth vehicle is an updated Denza N7 SUV, which the premium BYD sub-brand will officially launch on April 1.
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The BYD Seal lineup includes the all-electric Seal EV and the hybrid Seal DM-i, the latter of which has received an update on February 29.
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Gotion's chairman said the battery maker will set up a project team to communicate with Nio on technologies, and expects to see substantial results from their cooperation soon.
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More than 80 percent of Yangwang U8 owners are business owners, partners or company executives, and 90 percent own more than 2 cars.
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Production of the Leapmotor T03 small EV will begin as early as the second quarter of this year, using so-called semi-knocked down (SKD) technique, according to Reuters.
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Tesla cuts car production in China as EV sales growth slows, Bloomberg said in a report today.
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Zhongan and Nio Power will jointly promote the construction of 1,000 battery swap stations, creating an open energy network and a battery asset management and operation system, Nio said.
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