Lotus Technology's business combination with a SPAC is expected to close on February 22 and will trade under the ticker symbol "LOT".
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Although the car is tightly wrapped in camouflage, it can be seen looking similar to the Zeekr X or Volkswagen's ID.3.
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Nio's battery swap stations provided a total of 871,477 services from February 8-18, with a peak of 90,199 services in a single day.
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BYD yesterday launched lower-priced updated versions of its two budget sedans, triggering several local peers to follow suit with price cuts.
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Insurance registrations for major EV makers in China have dropped significantly over the past two weeks as people celebrate the traditional Chinese New Year holiday.
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Tesla continues to lead the BEV rankings in 2023 with a 19.9 percent market share, followed by BYD with 17.1 percent.
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BYD owners drove a cumulative total of about 3.76 billion kilometers from February 10-17, and Tesla owners in China drove more than 700 million kilometers, according to their numbers.
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The process of new manufacturers replacing old ones in the process of establishing a new market order will likely continue for several years until a new landscape is formed, said Cui Dongshu of the CPCA.
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Neta cut the prices of almost its entire model range, with the compact SUV Neta X seeing the highest reduction.
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Wang has restructured Xpeng's overseas business team, adding the Middle East as a key market and will invest more resources, according to local media.
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