NIO's battery plant will have an annual capacity of 40 GWh and could power about 400,000 long-range electric vehicles, Reuters reported.
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Deutsche Bank's Edison Yu's team thinks NIO's performance will improve significantly in the second half of the year, but there's a big "IF" in it.
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According to NIO's internal expectations, ALPS will have half the number of models than the main brand NIO, but will aim to achieve 50,000 units per month in sales, local media said.
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Compared to the NIO brand and the ALPS project, Firefly models will have weaker smart driving features, but will still have a significant intelligence advantage over European carmakers' products, according to local media.
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Insurance registrations for most new energy vehicle (NEV) brands in China were flat or up slightly last week compared to the previous week, the latest figures show.
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NIO's F4 plant integrates Leopard's original plant, and more information may be announced in March-April, according to local media.
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Starting in June, NIO will basically maintain a construction rate of 120-150 battery swap stations per month.
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China's industrial regulator has released the latest list of new energy vehicles exempted from vehicle purchase tax, including the NIO ES7, the new ES8 and the new ES6, which has not yet been officially launched.
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The rollout of NOP+ is NIO's preparation for the launch of its subscription-based NAD assisted driving software.
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The program is only available to a few strategic customers, including NIO, Li Auto, Huawei and Zeekr, and Tesla is not included, according to local media.
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