Nio reported a net loss of RMB 6.75 billion in the first quarter, an increase of 30.19 percent year-on-year, though by 5.08 percent compared to the fourth quarter of 2024.
Nio experienced an operating cash outflow in the first quarter, with current liabilities exceeding current assets.
The starting price of the YU7 will not be just RMB 20,000 higher than the SU7 electric sedan, Lei Jun said.
Xiaomi’s automotive chip is currently under development and is expected to be released soon.
Xiaomi EV is poised to become the fastest to achieve profitability among China’s new automotive brands.
In the first quarter, Xiaomi’s innovative businesses, including EV and AI, reported an operating loss of RMB 500 million.
In 2025 and 2026, Nio will launch its cars in Austria, Belgium, the Czech Republic, Hungary, Luxembourg, Poland, and Romania.
Currently, some vehicles under the Nio main brand are available in Norway, Germany, the Netherlands, Sweden, and Denmark.
The Zeekr 7X is set to officially launch in the Hong Kong market in late June, aiming to become the new benchmark for family vehicles in the city.
The SUV has already begun deliveries in Europe in May.
In its May model updates, Nio’s new strategy avoided additional costs from material waste, according to a local media report.
Nio will release its unaudited first-quarter 2025 financial results later today, with management holding a conference call afterward.
In its May model updates, Nio’s new strategy avoided additional costs from material waste, according to a local media report.
Nio will release its unaudited first-quarter 2025 financial results later today, with management holding a conference call afterward.
The Geely Galaxy A7 has a fuel consumption of just 2 liters per 100 kilometers when running on low battery power, and a combined range of up to 2,100 km.
Geely Galaxy sold 101,845 vehicles in May, a year-on-year increase of 273 percent.
The Geely Galaxy A7 has a fuel consumption of just 2 liters per 100 kilometers when running on low battery power, and a combined range of up to 2,100 km.
Geely Galaxy sold 101,845 vehicles in May, a year-on-year increase of 273 percent.
The Maextro S800, jointly developed by Huawei and JAC, was launched on May 30 with a starting price of RMB 708,000 ($98,360).
Vehicles under the Huawei HIMA umbrella delivered a record 44,454 units in May.
Li Auto expects steady monthly deliveries of the Li Mega to reach 2,500-3,000 units, doubling the MPV’s previous performance.
Li Mega Home began deliveries in late May, with order volume significantly exceeding initial plans, said Li Auto.
The Song family, Seagull, and Qin family were the top three BYD lineups in terms of sales in May.
Denza sold 15,806 units in May, Fang Cheng Bao sold 12,592 units, and Yangwang sold 139 units.
Great Wall Motor sold 32,638 NEVs in May, contributing a record 31.93 percent to total vehicle sales.
GWM sold 34,535 vehicles overseas in May, a year-on-year increase of 0.17 percent and a month-on-month increase of 7.37 percent.
BYD sold 89,047 NEVs overseas in May, marking the sixth consecutive month of record-breaking sales.
BYD’s passenger BEVs saw a year-on-year increase of 39.60 percent in May, while PHEVs declined by 6.26 percent.
Huawei’s Richard Yu hinted that Xiaomi’s EVs are not as good as the cars from brands backed by Huawei, but they’re getting high sales.
Xiaomi executives responded, suggesting this was Huawei’s jealousy.
Nio Inc delivered 23,231 vehicles in May, up 13 percent year-on-year, but down 2.80 percent from April. Read more…
These ultra-fast chargers can add 400 kilometers of range to an EV in just 5 minutes.
BYD will collaborate with Xiaoju to build 10,000 1-MW chargers and with LongShine to build 5,000.
Dongfeng Nissan’s N7 has received 17,215 firm orders, 35 days after the model’s launch.
The N7’s starting price is just RMB 119,900 ($16,650), marking one of the major comebacks by joint-venture automakers in China.
The pre-sales price range for the BYD Seal 06 EV is RMB 120,000 ($16,670) to RMB 150,000.
The Seal family sold 26,051 units in April, up 82.57 percent year-on-year but down 41.54 percent from March.
In the first five months of the year, Xpeng delivered 162,578 vehicles, up 293 percent year-on-year. Read more…
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