And it plans to use the same subscription sales business model it has pioneered in Europe.
In the first two months, Tesla sold 140,453 China-made vehicles, up 20.71 percent from the same period last year.
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NIO's battery R&D team has now exceeded 800 people, with annual R&D investment expected to exceed RMB 1 billion, according to local media.
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In January and February, insurance registrations for passenger cars in China were down more than 25 percent from a year earlier, Li Auto CEO said, citing insurance registration data.
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This is a full-text translation from CnEVPost of NIO's March 1 earnings call.
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Over the years, Elon Musk has emphasized that Tesla’s greatest advantage would come from fast-paced innovation in manufacturing. This proved, once again, to be a major theme during the much-anticipated Tesla Investor Day event in Austin, Texas, yesterday. According to the Financial Times, “Tesla executives said a wide range of efficiency and cost improvements has put […]
Green hydrogen gets a lot of hype, and heat pumps get a lot of hype. Who wins when they go head to head? Oh, well, the title above already told you: heat pumps! In particular, this study, published in the academic journal Energy Conversion and Management, was looking at the two options as alternatives for […]
In another case of Florida political absurdity, a Republican state senator in the Sunshine State wants to ban electric vehicles from hurricane evacuation routes. Bright idea. (Sarcasm.) Everywhere I drive, I see electric cars. They are a major part of the driving landscape here now. Republican State Senator Jonathan Martin think those cars and their […]
That's the best result since June, but a weaker one compared to a year ago.
If the true goal of the Inflation Reduction Act of 2022 was to bring manufacturing back to the US, you can hardly argue with its results. Almost every week, there’s news of carmakers and electronics firms investing millions — if not billions — into new US supply chain manufacturing, with even more on the way. […]