
Xiaomi EV Distribution Will Use A Combination of Direct Sales and Agency Models
Xiaomi's automobile channel will adopt a similar direct sales + agency model as XPeng Motors.
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Xiaomi's automobile channel will adopt a similar direct sales + agency model as XPeng Motors.
BYD's ATTO 3, the first A-class high-performance SUV built on the firm's e-platform 3.0, was launched in Singapore on July 8, making its debut among ASEAN countries.
Chinese electric vehicle (EV) maker Nio Inc. posted better than expected first quarter results, despite being forced to halt production in late March due to the global semiconductor shortage.
Li Xiang, the CEO of Chinese electric vehicle maker Li Auto, released a letter to all employees on January 28, mentioning that the company expects to become the global leader in the artificial intelligence industry in 2030.
A NIO test vehicle lost control and fell from the company's Shanghai Innovation Port building, killing two digital cockpit test drivers, one of whom was a company colleague and the other a partner employee.
Chinese new energy vehicle brand Li Auto has always positioned its car models as suitable for families. In some second-tier cities in China, however, small business owners are also becoming important consumers of Li Auto, and its cars are increasingly being used as company vehicles in this sector.
Chinese consumer electronics giant Xiaomi on Friday appointed former BAIC executive Yu Liguo as vice president of Xiaomi Auto and political commissar for the venture's Beijing headquarters, according to an internal email.
Tesla announced on May 5th that it would increase the prices of Model S and Model X by 19,000 yuan ($2,747) effective immediately in China. As a result, the starting price for Model S is now 808,900 yuan while the starting price for Model X is 898,900 yuan.
Recently, Kia China's COO stated during a media briefing after the Kia EV5 static evaluation event that it is impossible for Kia to withdraw from the Chinese market.
Tan Benhong, the chairman and CEO of Chinese EV firm Avatr, which was jointly established by Changan Automobile, Huawei and CATL, said in an interview, "Although Huawei said that it would have a hard time, it actually has little impact on Avatr."
On Aug. 25, UBS boosted the rating of NIO from "sell" to "neutral" and bumped its price target from $1.00 to $16.30.
On May 4th, according to a report released by Patent Result, Chinese companies have submitted more patent applications related to electric vehicle charging and battery swapping compared to competitors from any other country.