"NIO will not go bankrupt, and there is absolutely no possibility of bankruptcy. Customers can keep their confidence in NIO's vehicles", said NIO President Qin Lihong at the Guangzhou Auto Show.
Today, the Chinese Ministry of Industry and Information Technology announced the declared model information of Xiaomi's car. BAIC will be the manufacturer, with BYD as the battery provider.
Richard Yu responded to the test drive accident by stating that the customer mistakenly pressed the accelerator instead of the brake, and AEB did not intervene.
On November 8th, 290 XPeng Motors P7 owners in China jointly wrote a letter to XPeng Motors CEO He Xiaopeng, expressing concerns about the unfulfilled promises of OTA upgrades and other issues.
Chinese EV maker Zeekr submitted its prospectus to the U.S. Securities and Exchange Commission (SEC) today, preparing for listing on the New York Stock Exchange with the stock symbol "ZK".
On November 10th, BYD announced that the first batch of production vehicles for the BYD YangWang U8 has officially rolled off the assembly line and delivery is about to begin.
On November 5th, Michael Kirsch, CEO of Porsche China, stated that currently Porsche's sales and scale in the Chinese market are not sufficient to support local production.
In a memo addressed to the entire company, NIO CEO Li Bin mentions that the company plans to reduce approximately 10% of positions, and the specific adjustments will be completed in November.