Onvo will contribute positively to Nio's 'P&L' when it reaches 20,000 monthly sales, William Li says
Li said this in response to a question about Nio's sales expectations for Onvo's first model, and used English when referring to 'P&L'.
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Li Auto hit with class lawsuit over Li Mega debacle
Li Auto is accused of exaggerating market demand for the Li Mega and the effectiveness of its operational strategy when it launched the model, allegations that the company refutes.
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Xpeng forays into France with launch of G9 and G6
G9 is offered in three variants in France, starting at a suggested retail price of 59,990 euros ($64,960).
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Li Auto laying off over 18% of its workforce, report says
Li Auto is reportedly undergoing massive layoffs that could involve more than 5,600 people, as sales fall short of expectations, according to local media.
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China NEV retail at 241,000 in May 1-12, up 10% from same period last month
China's retail penetration of NEVs was 43.11 percent in May 1-12, and 38.87 percent year-to-date.
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Onvo L60 likely to help Nio top 20,000 unit monthly sales, says Deutsche Bank
Deutsche Bank expects the Nio main brand and the Onvo brand to launch a total of six new products in 2025, realizing 300,000 unit sales.
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Nio formally launches Onvo sub-brand, 1st model L60 to challenge Tesla Model Y
Onvo has begun pre-sales of the L60 at RMB 219,900 ($30,440), RMB 30,000 less than the Tesla Model Y. The L60 will hit the market and begin deliveries in September.
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Baidu Apollo launches 6th-gen robotaxi with 60% lower cost
Baidu's self-driving ride hailing platform Apollo Go is close to break-even and aims to be profitable by 2025.
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Xiaomi EV plans to start double-shift production in Jun, report says
Xiaomi EV plans to increase its daily production time from 8 hours to 16 hours starting in June, with monthly production capacity expected to rise to nearly 20,000 units, according
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BYD launches 1st pickup truck Shark in Mexico with starting price of $53,400
The BYD Shark can sprint from 0 to 100 km/h in 5.7 seconds and supports features including in-vehicle voice control and remote vehicle management.
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