The Aito M8 is set to be launched in April and the updated M9 will hit the market later this month.| CnEVPost
SAIC and Huawei have signed an agreement to collaborate in areas including product definition, manufacturing, supply chain management, and sales and services.| CnEVPost
The new brand will target a younger demographic and the vehicles could start at around RMB 170,000 to RMB 250,000, according to local media.| CnEVPost
Under market competition pressure, some automakers have resorted to using "zero-mileage used cars" as a tool to create a false sense of prosperity in order to embellish their sales data.| CnEVPost
CATL made the offer after announcing an investment of up to RMB 2.5 billion in Nio Power in March, according to Reuters.| CnEVPost
This is the second such partnership Nio has struck in the past few days as it continues to push forward with the construction of battery swap stations.| CnEVPost
Nio has teamed up with Future Science City Group in Beijing to jointly build 100 battery swap stations.| CnEVPost
As of today, Nio has 2,589 battery swap stations in China and 92 in Hubei province.| CnEVPost
Nio Power will build a new battery swap station manufacturing facility in Wuhan, targeting an annual capacity of more than 1,000 battery swap stations.| CnEVPost
China's wholesale sales of passenger NEVs were estimated at 1.14 million units in February, up 37 percent year-on-year and up 37 percent from February.| CnEVPost
The Model Y L is larger than the 5-seat Model Y and is expected to be priced at around RMB 400,000 ($55,710).| CnEVPost
Shangjie has an initial investment of RMB 6 billion ($820 million) and a dedicated team of more than 5,000 people.| CnEVPost
The Aito M8 secured more than 20,000 orders in the first hour after its launch.| CnEVPost
Huawei and SAIC's first joint model could be unveiled officially as soon as mid-year and hit the market within this year, according to local media.| CnEVPost
This is the third battery swap station partnership with a state-owned company that Nio has announced in the past month.| CnEVPost
China's NEV retail penetration was 52.3 percent in March and 47.67 percent year-to-date.| CnEVPost