NIO has entered four European countries with luxury clubhouses for customers, battery-swap stations, and an unusual retail model of renting, instead of selling. But can the new brand succeed with prices on the level of Porsche and Mercedes-Benz?
With China’s largest reserves of lithium as well as an abundant supply of hydropower, China’s electric battery industry is migrating to the western province known for its spicy food.
As the penetration rate of electric cars approaches 25% in China, China’s lithium battery companies want a piece of the insane profits to be made from extraction and processing raw materials.
Chinese electric vehicle (EV) manufacturer Leapmotor has made low-end cars since it launched in 2015. As the company seeks to enter the mid- to high-end market, will the new IPO funds just disappear in a forlorn struggle for profitability?
CATL, NIO, and another brand new company launched this week are going to take swapping electric car batteries into the mainstream.
Lithium still rules China’s electric vehicle and battery industry, but as prices of the metal skyrocket, sodium battery technology could provide a cheaper alternative.
China’s top three electric vehicle companies — NIO, XPeng, and Li Auto — all had a tough summer, but Li Auto’s pain was just exacerbated by a customer care snafu.
Huawei’s CEO last week warned that winter is coming, and Huawei needs to focus on revenue and profit. But the company’s car business is burning through money, and now Huawei needs to make a crucial decision.
China’s electric vehicles are competing directly with the best foreign cars, and a new company with an extraordinary pedigree has entered the market.