Chinese electric vehicle maker XPeng sold less than 10,000 units in both October and November, falling behind its rivals. Behind these challenges are reportedly organizational deformities.
The new energy vehicle subsidies issued by the Chinese government for the past 13 years are scheduled to end this year. However, the vast majority of domestic NEV enterprises have not yet achieved profitability, and are still investing in large-scale research and development.
On December 1, a number of Chinese new energy automobile enterprises announced their new vehicle deliveries data for the month of November. Performance varies, but most of achieved year-on-year sales growth.
Chinese electric vehicle firm NIO and internet giant Tencent signed a strategic cooperation agreement in Shenzhen on November 28. Under the deal, the two sides will carry out in-depth cooperation in the fields of autonomous driving cloud technology, intelligent driving maps and digital ecology.
William Li, the co-founder and CEO of Chinese electric vehicle firm NIO, offered insight regarding user experience, supply chains, production capacity, and recent progress of the firm's mobile phone business.
China's automobile and coffee industries have been getting closer and closer lately. In October of this year, domestic electric vehicle maker NIO applied for several trademarks related to coffee in a bid to search for new growth points.
On November 22, Chinese electric vehicle maker BYD denied recent rumors that its solid-state batteries are about to be loaded into vehicles and that its sodium-ion batteries are entering the test stage.
Recent years have witnessed a new generation of electric vehicle companies chip away at China's auto market share, and traditional car firms are gradually conforming to the trend with the launch of their own new energy sub-brands.
On November 10, Chinese electric vehicle maker NIO released its financial report for the third quarter of 2022. The company achieved revenue of 13.002 billion yuan ($1.81 billion) in the period, up 32.6% year-on-year and achieving positive growth for 10 consecutive quarters.
Internal adjustments to the organizational structure of Chinese electric vehicle maker XPeng are nearing an end, and some departments have implemented small-scale layoffs.
NIO's ET7 electric vehicle model was granted this year's Golden Steering Wheel award in the "Medium and Upper Class" category by German magazine Auto Bild on November 9, becoming the first car from a Chinese firm to win the award.
Due to COVID-19 pandemic prevention requirements, two NIO automobile factories in Hefei, China's Anhui Province, have recently stopped production, causing delays to delivery. The latest report shows that production has now resumed.
NIO, a leading Chinese electric vehicle manufacturer, recently released recruitment information for a job posting entitled "Product Manager of Smartwatches."
On November 1, NETA Auto, Li Auto, NIO, XPeng and other Chinese electric vehicle firms successively announced their delivery data for October. NIO, XPeng and Li Auto have been gradually surpassed by latecomers.
Due to COVID-19 pandemic prevention requirements, two factories in Hefei, Anhui Province of NIO, a leading Chinese new energy automobile manufacturer, have stopped production recently. As a result, delivery of its models will be delayed.
On October 27, Chinese electric vehicle maker NIO upgraded its battery swap service and started a new pilot program. NIO car owners can now use a larger battery pack through a paid service on a daily basis.
A new entity called NIO Battery Technology (Anhui) Co., Ltd. was established on October 21, with NIO founder William Li serving as chairman and with registered capital of 2 billion ($273 million). The company is 100% controlled by EV firm NIO.
Simon Wang, the head of AI algorithms for intelligent driving and the chief scientist for AI at Li Auto, will leave his job in the near future. Wang is mainly responsible for the research and development of AI algorithms for applications such as intelligent driving perception and maps.
On October 21, Chinese new energy vehicle firm NIO announced that it will offer a purchasing option for its ET7, EL7 and ET5 vehicle models in Germany, the Netherlands, Denmark and Sweden from November 21, to start delivery in early 2023.
Chinese electric vehicle maker XPeng is adjusting its organizational structure. The restructuring started about a week ago and is still in progress. It is expected that new appointments will be announced in the next week.