Mercedes-Benz said it will cut redundant roles in China, and consolidation of the business will inevitably involve some staff.
A local media report yesterday said Mercedes-Benz China was laying off about 15 percent of its workforce.
Author: cnevpost
CATL, Baidu tie up for collaboration including jointly making autonomous cars
CATL and Baidu will explore the use of CATL’s batteries, battery swap products and services, and skateboard chassis in driverless vehicles.
The two will explore and create competitive driverless vehicle products and innovative business models.
Li Auto to report Q4 2024 earnings on Mar 14
Li Auto delivered 158,696 cars in the fourth quarter, below the lower end of its guidance range of 160,000 to 170,000 units.
It had previously guided fourth-quarter revenue to be between RMB 43.2 billion ($5.94 billion) and RMB 45.9 billion, up 3.5 percent to 10.0 percent year-on-year.
Nio opens 1st swap station in UAE, its 1st in MENA region
In the UAE, a single battery swap service costs AED 119 ($32) for a 100-kWh battery pack and AED 99 for a 75-kWh pack.
Nio aims to expand its global presence to as many as 25 countries and regions by the end of 2025.
BYD, DJI to unveil on-vehicle drone system on Mar 2
BYD already has a drone system on the Yangwang U8, and has filed for variants with the system for several less expensive models.
The system will allow the drone to follow the vehicle and record moments of travel.
China’s lithium industry gets long overdue relief as order intake and prices recover
There have been frequent cases of LFP producers receiving large orders, and some of the big players are raising prices.
Rising demand and product technology iterations are the two main reasons for the recent price hikes, analysts said.
Analysts expect Nio’s battery swap business to break even by end of 2026
As Nio’s car sales rise, the number of battery swap services is expected to grow rapidly, analysts said.
They expect Nio to see a big improvement in the bottom line in 2025.
Nio completes its 1st swap station in MENA region
Nio has built its first battery swap station in the MENA region and the facility is expected to be operational on Thursday.
Last November, Nio House Abu Dhabi opened, Nio’s first flagship showroom in the MENA region.
Hongqi launches Tiangong 05 all-electric sedan starting at $22,020
The Tiangong 05 sedan is available with 62 kWh and 85 kWh battery pack options and a CLTC range of up to 750 km.
This is the second BEV Hongqi has launched this year based on its Tiangong modular platform.
China NEV retail at 445,000 in Feb 1-23, down 16% from same period last month
China’s retail sales of all passenger cars from February 1-23 were 924,000 units, 30 percent lower than the same period last month.
Cumulative retail sales of passenger NEVs in China so far this year were 1.189 million units, up 29 percent from a year earlier.
Tesla uses videos from internet to train FSD for China, says Elon Musk
Tesla used videos of Chinese roads and signs publicly available on the internet to train FSD.
FSD-like smart driving features started to become available in China, sparking widespread discussion on social media.
Lynk & Co presents 08 hybrid SUV in Europe, starting at $55,630 in select markets
The Lynk & Co 08 will be launched in Europe in June, offering 200 km of WLTP battery range.
The Lynk & Co 08 is Lynk & Co’s third model in Europe, following the Lynk & Co 01 and Lynk & Co 02.
Xiaomi CEO says ‘90% sure’ SU7 Ultra will hit 10,000-unit sales target this year
The SU7 Ultra will be launched on February 27 and is currently available for pre-order at about four times the regular SU7’s price.
Xiaomi’s intention with the SU7 Ultra was to create a new luxury vehicle that belongs to this era, said its CEO.
Nio Onvo shares new image of L90 in direct comparison to Li Auto’s flagship SUV
Onvo today shared a new image about the L90, continuing to benchmark the model against Li Auto.
The move signals Onvo’s more aggressive approach to the stiff competition to come.
Tesla begins facelifted Model Y deliveries in China amid stiffer competition
Tesla has begun deliveries of its revamped Model Y in China, hinting that the model isn’t afraid of competition from local rivals.
Recent buzzed-about models, including the Xiaomi YU7, Li i8, facelifted Xpeng G6, and Onvo L90, are all potential rivals for the Model Y.
Li Auto releases new images of Li i8, showing how it compares to Tesla Model X
The Li i8 is longer and taller than the Model X, hinting at more interior space.
Li Auto shares continued to rise in Hong Kong today, up 4.6 percent at press time, bringing the year-to-date gain to 32 percent.
Xpeng to unveil facelifted G6 SUV on Feb 28
On the 2025 G6, 34 percent of the tier 1 assembly parts have been replaced and 81 experiences have been upgraded, said Xpeng CEO.
The G6’s regulatory filing makes no mention of LiDAR, signaling that the model could also drop its use of LiDAR.
HK-listed LiDAR maker RoboSense to issue up to 22 million new shares
RoboSense expects to receive up to HK$1 billion from the new share placement, with 70 percent of the money going to R&D, mainly in the field of robotics.
The placement price is HK$46.15 per share, a discount of about 8.43 percent to RoboSense’s closing price in Hong Kong on February 25.
BYD to launch Atto 2 compact SUV in France, starting at $30,440
The compact SUV was presented on Tuesday at the La Défense Arena in Paris.
The Atto 2 will start at 28,990 euros ($30,440) in France.
Voyah kicks off research on its 3rd-gen solid state battery tech
Voyah’s third-generation solid-state battery will maintain an energy density of 300 Wh/kg, but with an increased charging multiplier of 3 to 5 C.
The solid-state battery has zero electrolyte content and can operate over an extremely wide temperature range.
