Geely is launching one more brand. It will sell middle-to-high-priced EVs and PHEVs. And it has a quirky name 'Milky Way'.
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Category: China
An NIO salesperson in Beijing said the older ES8, ES6 and EC6 models have been discontinued for two months and they are now out of stock in the city.
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The first model of the new brand is expected to be a sedan that will have extremely low wind resistance.
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If all the manufacturing space BYD has to build cars in China is counted, it would amount to a big percentage of Manhattan island, Munger noted.
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NIO said the 2022 ES8, ES6, and EC6 are no longer being custom-built, but a small number of show cars and existing cars are still available for sale.
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Tesla will halt some production at its Shanghai plant until the end of February in order to begin rolling out a revamped version of the Model 3 in the Chinese market, according to Bloomberg.
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Nio plans to have 1000 swap stations outside China by 2025
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The servise would include voice commands. This might solve the problem with missing physical buttons and only-LCD-screen control panels
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Much of this is likely due to a low base caused by last year's Chinese New Year holiday.
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Point72 increased its bet on NIO in the fourth quarter, re-bought Li Auto, but liquidated its position in XPeng.
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