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Taking the lead independently, with foreign investment closely following; range-extended hybrid technology sweeping the global market.
①On November 20 local time, Stellantis Group announced the launch of the STLA Frame vehicle platform. ② Stellantis Group introduced that vehicles equipped with this platform will first be equipped with innovative powertrains, including pure electric and extended-range, and in the future can also be equipped with internal combustion engines, hybrid power, and hydrogen energy power systems.
NIO's third-quarter revenue fell short of expectations, primarily due to a decreased average selling price.
NIO's third-quarter revenue announcement fell short of expectations, with the company's revenue rising to 18.7 billion yuan (2.6 billion USD) for the three months ending in September, having delivered 61,855 autos during the quarter. NIO reported an adjusted net loss of 4.4 billion yuan, slightly higher than what analysts had anticipated. NIO is one of the few electric vehicle manufacturers that is committed to producing only pure electric vehicles, which means it has missed out on more profitable hybrid vehicles that are now outpacing pure electric ones. Many competitors, including Xpeng Motors, zeekr, and Avita Technology, are planning to develop range-extended electric vehicles, which are equipped with small internal combustion engines to charge the battery.
U.S. stocks movement | Cumulative revenue growth exceeded 50% year-on-year in the first three quarters, zeekr (ZK.US) rose over 7%.
On Wednesday, zeekr (ZK.US) stock price surged significantly, rising by 7.5% to $22.51.
Passenger Association: In the first two weeks of November, the retail sales of electric vehicles reached 0.581 million units, a year-on-year increase of 66%.
From November 1 to 17, retail sales of new energy passenger vehicles in the market reached 581,000 units, an increase of 66% compared to the same period last year and a 7% increase compared to the previous month. Since the beginning of the year, cumulative retail sales have reached 8.909 million units, up 41% year-on-year.
China Securities Co., Ltd.: The benefits of auto electrification are coming to an end, while asia vets are reshaping the high-end market landscape.
Due to tax discrepancies, the profitability of domestic high-end electric vehicles significantly surpasses that of imported rbob gasoline vehicles. Calculating at a tax-inclusive price of 0.5 million, the tax difference between the two can reach as much as 0.653 million.
US Electric Vehicle Demand Seen Plunging 27% Without Tax Credit
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