Nio 3,800, Xiaomi 5,700, Tesla 17,100, BYD 94,700
In the second full week of November, week 46, China’s EV market was mostly up, with Tesla being an exception. Nio was up about 25%, BYD was up 10%, and Xiaomi grew 4%, while Tesla was 1.2% down from the previous week. – Advertisement – Week 46 of 2024 was...
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Former Nio EV brand Hycan in death throes with few remaning employees and increasing debts
In June, we reported that former Nio brand Hycan was about to go bust. It seems that the brand is now in its final death throes. Despite being headquartered in Guangzhou, the brand was not displayed at this year’s Guangzhou Auto Show. In contrast, at last year’s show, Hycan bought...
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Infiniti claims its not withdrawing from China despite rumors
Infiniti has officially refuted a rumor that it is withdrawing from the Chinese market. The rumor appears to have originated from a Wechat-based blogging account and posts on Weibo. Despite Infiniti’s protestations that it is not true, evidence suggests otherwise. – Advertisement – The Japanese brand was absent again from...
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“Next year, we will have a large 6- or 7-seat SUV”
The Nio’s Onvo vice president of products Eric Yu confirmed that the brand’s second model will be the large SUV with six or seven seats inside. It will be released to the market in the first quarter of 2025. The deliveries of the second Onvo car will start around May...
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