Under the ByteDance umbrella, Dongchedi has launched an offline car maintenance service called "Dongdong Car Care" in collaboration with authorized stores.
NIO ET9 was officially launched on December 23rd and is now available for pre-order at a starting price of 800,000 yuan. Deliveries will begin in the first quarter of 2025.
NIO vehicles, currently equipped with four Orin chips, are set to unveil their next-generation smart driving chips, predicted to outperform their predecessors, at the upcoming NIO Day this Saturday.
On December 19th, Xiaomi issued a statement stating that it will hold two media personnel accountable for leaking information. And 3 employees who fabricated and spread a large amount of false information will be dismissed and permanently banned from employment.
Chinese electric vehicle manufacturer NIO revealed on Monday that it has signed a share subscription agreement with CYVN Holdings L.L.C.,. Under this agreement, CYVN will make a total cash investment of US$2.2 billion in NIO.
On December 18th, during an interview on CCTV's program 'One On One', Lei Jun discussed the experience and current situation of Xiaomi's automotive venture.
Tesla is planning to resume the construction of its third phase automobile factory in Shanghai and will begin selling energy storage battery products produced in Shanghai next year.
NIO executive Ma Lin retweeted Li Xiang's Weibo post, indicating that the advertising expenditure for three models of Li Auto's vehicles on Douyin platform this year should be around 90 million yuan.
Chinese EV maker NIO is planning to separate its battery production unit as part of its strategy to become more profitable, according to anonymous sources cited by Reuters.
On December 6th, XPeng Motors announced that Volkswagen's investment in XPeng has been completed, with a subscription amount of approximately $705.6 million.
On December 4th, Li Auto and Qingdao Yuzhe Automobile Engineering Technology Co., Ltd. responded on Weibo to a recent online rumor about uncivilized driving behavior during a test drive.
Honda recently announced that it will lay off about 900 contract workers at its Chinese joint venture, GAC Honda Automobile Co., due to a shift towards the electric vehicle market.
