The first model from the Nio battery swap alliance is doing winter testing, and the Firefly sub-brand will start selling in Europe next year.
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Category: Sales Target
Nio expects the Onvo sub-brand to sell around 240,000 units for the full year in 2025, with the Firefly sub-brand selling around 5,000 units per month, according to local media.
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In the January-November period, Zeekr and Lynk & Co combined delivered 454,289 vehicles, up 51.60 percent year-on-year.
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Leapmotor is targeting sales of 500,000 vehicles for the full year in 2025, with a gross margin of more than 10 percent, its management said.
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A BYD executive said the company's sales are doing well at the moment, but he hasn't heard that the sales target has been revised upward.
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BYD has raised its annual sales target to 4 million units, Morgan Stanley analyst Tim Hsiao said in a research note citing comments from the NEV maker's management.
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Nio is aiming to deliver 220,000 vehicles in 2024, including 200,000 under the Nio main brand and 20,000 under its sub-brand Onvo, its president said.
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Changan's German subsidiary has been registered, marking another step in its "Vast Ocean" plan.
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In the second quarter of 2024, Xiaomi's innovative businesses, including smart EVs, generated total revenue of RMB 6.4 billion ($900 million), with a gross margin of 15.4 percent.
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This is the second cut after Li Auto lowered its 2024 sales target from 800,000 units to 560,000-640,000 units.
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