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Nio to unveil Onvo L60 to launch mass-market EV sub-brand

Teslarati

Chinese electric vehicle (EV) maker Nio is looking to unveil a new model this month under its mass-market brand, along with another, smaller model targeting a sub-$30,000 price tag for one expected to be unveiled next year. billion investment in December from a United Arab Emirates firm called CYVN Holdings.

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Nio garners $2.2 billion investment from UAE fund

Teslarati

Chinese electric vehicle (EV) manufacturer Nio has garnered a $2.2 billion investment from a firm backed by the United Arab Emirates, as it continues to push to introduce its EVs in additional markets. market , the home country of dominant EV seller Tesla, by 2025. Nio is aiming to enter the U.S.

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NIO revenues up in Q4 2023, Alps sub-brand to launch in Q2 with a Tesla Model Y competitor

Baua Electric

Chinese EV automaker NIO shared its Q4 2023 report today, followed by an analyst call that included some interesting updates about its plans for the year, expansion to new global markets, and the launch of not one but two EV sub-brands, including Alps. NIO intends to sell both its own brand and Alps brand EVs later this year.

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XPeng Motors continues global expansion, announcing dealer partnerships in 5 new markets

Electrek

Chinese EV automaker XPeng Motors continues expanding its global partnerships list, announcing today five dealer networks in separate new markets to help sell its vehicles.

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Zeekr introduced access into Saudi Arabia, UAE, Qatar, Bahrain

Baua Electric

These days, September 29, Geely’s Zeekr logo introduced its access into Saudi Arabia, the United Arab Emirates, Qatar, and Bahrain. Total, Zeekr plans to go into 8 world markets by way of the tip of this generation.

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Nearly one in five cars sold worldwide in 2023 was electric: IEA | Autocar Professional

Baua Electric

These trends indicate that growth remains robust as electric car markets mature. While sales of electric cars are increasing globally, they remain significantly concentrated in just a few major markets. However, sales remain limited elsewhere, even in countries with developed car markets such as Japan and India.

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Tesla prepares massive shipment of Model 3 Highland for export to Europe

Teslarati

A massive shipment of Tesla Model 3 Highland units is being prepared for export to European countries, according to new drone footage shot outside of the automaker’s Gigafactory Shanghai plant. You can also reach me on Twitter @KlenderJoey , or if you have news tips, you can email us at tips@teslarati.com.