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Key Takeaways: Zeekr has reportedly restarted its IPO process with reduced fundraising plans, seeking to list before its valuation falls more as prospects worsen for Chinese NEV makers The company’s revenue from vehicle sales slowed to 44% year-on-year in the second half of last year from about 150% in the first half
Li Auto, Tesla’s nearest rival in mainland China, plans to start selling a new, more economical model aimed at families amid a price war in the country’s electric vehicle market.
It wasn't a great month for EV stocks, especially these Asian OEMs that disappointed the world's largest market.
While Li’s sales also jumped 43% month over month compared to February, this was due to a favorable comparison when sales were weighed down by the Chinese New Year hol...
X9 deliveries came in at 3,946 units, leading its category in China.