RECENT HEADLINES MAy 5th
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Zeekr submits updated   prospectus with an issuing price range of $18-21/ADS​

Recently, Zeekr submitted an updated prospectus to the U.S. SEC, outlining plans to list on the New York Stock Exchange under the ticker "ZK." According to the prospectus, Zeekr intends to offer 17.5 million American Depositary Shares (ADS), each representing 10 common shares, with a price range set at $18 to $21 per ADS. Geely Auto, an existing shareholder, has committed to purchasing up to $320 million worth of ADS. Additionally, Contemporary Amperex Technology (CATL) and Mobileye have agreed to invest approximately $19.08 million and $10 million, respectively, in the offering.

A cumulative layout of 2,411 battery swap stations, NIO's April charging report
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Today, official sources from NIO reported that the company expanded its network in April by adding 14 new battery swap stations. This increase brings the total to 2,411 stations and 22,092 charging piles. NIO's battery swap service has now been utilized over 43.1 million times, with nearly 80% of the charging operations performed through their 3-minute battery swaps and convenient home charging solutions.
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A 27% increase to 65,800 units, Volvo announces global sales for April
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Recently, Volvo Cars announced its global sales for April 2024. In April, Volvo's global sales reached 65,838 vehicles, a 27% increase year-over-year. Among these, sales of electric and plug-in hybrid models grew by 53%, accounting for 48% of global sales in April. From January to April this year, Volvo's cumulative global sales reached 214,914 vehicles, up 16% year-over-year.
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Strong sporty vibe, spy photos of the Lynk & Co ZERO unveiled
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Recently, leaked images surfaced of Lynk & Co's latest model, the Lynk & Co ZERO. Reports indicate that this model shares its platform with the Zeekr 001 and is slated for a mid-year release. The vehicle sports a sleek black design on its A, B, and C-pillars as well as the roof, which gives it a visually lower center of gravity. Additionally, it boasts striking two-tone black and white wheels.
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Lynk & Co 07/08 EM-P orders over the May Day holiday surpass 7,800 units
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Recently, Lynk & Co announced that over the May Day holiday, the Lynk & Co 08 EM-P and Lynk & Co 07 EM-P collectively garnered over 7,800 orders. Even before this surge, by April 30, pre-orders for the Lynk & Co 07 EM-P had surpassed 10,000 units. The pre-sale for this model kicked off at the Beijing Auto Show, with prices set between RMB 180,000 and 210,000. The model is scheduled for launch on May 17.
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Li Auto L6 receives over 41,000 orders during the initial sales period

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Recently, Li Auto officially announced that from April 18 to May 5, the initial sales period for the Li Auto L6 surpassed 41,000 orders. Furthermore, new purchase benefits were announced for orders placed from May 6 to May 31, including a RMB 15,000  value package, which comprises a RMB 5,000 deposit deduction from the RMB 10,000 car purchase price, a RMB 5,000 optional fund, and a RMB 5,000  7kW AC charging pile with installation service.
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​China may initially support Tesla in testing autonomous taxis

Media reports indicate that Tesla has proposed introducing "autonomous taxis" in China. While the Chinese government may initially back domestic trials and demonstrations, it has stopped short of fully authorizing Tesla's Full Self-Driving (FSD) technology for broad deployment across the country. Experts view this as a sign of mutual engagement between foreign investment and the Chinese market, showcasing the Chinese government's readiness to embrace greater openness.

​NIO’s sub-brand ONVO launches its official website, possibly releasing new products within May

​According to global media, the general manager of NIO France, Nicolas Vincelot, revealed that NIO's sub-brand ONVO is expected to launch the mass-market oriented ONVO L60 model by the end of May and introduce a second, more affordably priced brand, "Firefly," in Europe in 2025 for under $30,000. The ONVO brand's official website has already launched in China, with the first model, the  L60, appearing on the homepage.

​South Korea's Q1 electric vehicle sales fell by 25% year-over-year

According to global media, the Korean market tracking agency CarIsYou reported that South Korea's electric vehicle sales fell by 25% year-over-year in the first quarter, while hybrid vehicle sales in the same period surged by 46%. Industry insiders predict that due to the high prices of zero-emission

​Survey: By 2030, the EU will need 8.8 million electric vehicle charging stations

Global media reports have highlighted a statement from the European Automobile Manufacturers Association (ACEA), which notes that the European Union must install nearly eight times more electric vehicle charging stations annually than it did in 2023 to satisfy expected demand. There are growing concerns that infrastructure development is not keeping pace with the recent surge in electric vehicle sales. This "infrastructure gap" may continue to expand, potentially surpassing earlier forecasts by the European Commission.