China state paper article explains why Audi’s NEVs don’t outsell Nio, Li Auto
Not to mention a match with Tesla, Audi has not even caught up with the "taillights" of the new car-making forces, including Nio and Li Auto,…
Nio’s average sales price reaches RMB 443,500 in Dec, higher than BMW and Audi’s in China
This means that Nio's vehicle revenue in December was about RMB 4.65 billion and will easily exceed RMB 10 billion in the fourth quarter.
Audi-FAW EV venture in China reportedly to start plant construction in Q1 next year
The project will introduce the PPE EV platform developed by Audi in cooperation with Porsche, with the first model to go into production in 2024.
Nio’s average sales price in Jan-Nov was about $65,000, report shows
Nio's average sales price of RMB 413,800 ranked fourth in China, lower than Mercedes-Benz's RMB 481,900, but higher than Lexus' RMB 403,000,…
SAIC Audi exec expects 40% of luxury car market to be EVs by 2025
Audi believes that by 2030, sales of EVs could reach 2 million units in the high-end luxury car market.
Further Reading: Will German luxury car brands face same fate as Nokia in smartphone era?
It's not the first time in history that traditional brands have been hit by innovators.
Further Reading: Why German luxury brands’ EVs fail so badly in China?
This article explains why Mercedes-Benz, BMW, and Audi have suffered a spectacular defeat in China's EV market.
Nio sold its vehicles at average price of about $68,600 in Sept, $18,000 higher than Tesla in China
Nio's average sales price in September was RMB 47,500 higher than the average price of high-end brands, and RMB 41,600 higher than BMW.
While Tesla, Nio gain, fuel luxury cars retreat across the board in China
Year-on-year sales performance in Sept: Tesla Model 3 up 68.8%, Nio ES6 up 63.9%, Nio EC6 up 21087.5%, while BMW 5 Series down 21.3%,…
FAW-Audi reportedly leaves A6L production scheduled for just one day in Sept due to chip shortage
FAW-Audi is currently producing for several days and then taking several days off because of a severe chip shortage, with the A6L production…