NIO's October 2024 Delivery Update: Delivers 20,976 Vehicles, Up 35.1% YoY
Following nio inc, UAE investment institutions CYVN plan to acquire McLaren's automotive business.
①CYVN Holdings will acquire 100% equity of Mumtalakat's auto manufacturers McLaren auto business; ②CYVN Holdings will also hold non-controlling equity of McLaren.
Nio and XPeng Lead Strong Day for the Chinese EV Sector
Finance Association Autos Morning Post [October 25th]
①In September, the top three countries in total export volume of Chinese automobiles are Russia, Belgium, and Mexico; ②Xiaopeng P7+ all series are equipped with AI smart driving, achieving L4 level under "self-driving cars in some scenarios by 2026; ③BMW and Mercedes-Benz jointly launch the "Yi An Qi" ultra-charging brand.
"Trade-in for New" subsidies boost the electric vehicle market, some car owners purchase orders from scalpers to enjoy discounts. | Frontline
1. Due to the application deadline for the national subsidy for trading in old for new, popular car models, consumers choose to purchase delivery orders nearing deadline. 2. In addition to the national subsidy, various regions also have overlapping application "consumer vouchers", some stores are considering issuing cross-regional invoices to help consumers enjoy discounts on car purchases.
One after another launched cheap electric car models, european car manufacturers started a "counterattack".
At this week's Paris Motor Show, European auto giants such as Renault and its subsidiaries Dacia, Stellantis, etc., have successively launched affordable electric car models. Both Renault's Twingo E-Tech model and Dacia's Spring model are priced below 0.02 million euros.