Goldman Sachs raised its EV sales forecast for Xiaomi, citing more favorable demand and manufacturing capacity outlook.
The bank expects Xiaomi’s EV business could reach a profit inflection point by 2026.
Author: cnevpost
BYD, Grab partner to expand EV fleet offering in Southeast Asia
Grab and BYD have formed a regional partnership that will give Grab drivers across Southeast Asia access to up to 50,000 BYD EVs.
The partnership spans Indonesia, Malaysia, the Philippines, Singapore, Thailand and Vietnam and involves a number of models, including the Denza D9, BYD Atto 3, BYD Seal and BYD M6.
Denza working on electric sports car, spy photos show
The sports car was originally a production version of Fang Cheng Bao’s Super 9 concept, but has later been assigned under the Denza brand, according to local media.
The Super 9 concept was unveiled on April 16, 2024, and is a specialty sports car in the Speedster category.
Pony AI begins robotaxi test with driver seat unmanned on Beijing’s highways
Pony AI is one of the first companies to receive the test license, which still requires a safety officer in the front passenger seat.
Its robotaxi vehicles based on the Toyota Sienna and Lexus RX are allowed to conduct the test on designated highways.
BYD to officially enter South Korea’s passenger car market on Jan 16
BYD will hold a brand launch in South Korea on January 16 to officially enter the country’s passenger car market.
The company first entered the South Korean market in 2016, producing commercial vehicles such as forklifts, buses and trucks.
Great Wall Motor previews net income growth of about 80% in 2024
Great Wall Motor’s net income in 2024 is expected to range from RMB 12.4 billion ($1.7 billion) to RMB 13.0 billion, an increase of 76.60 percent to 85.14 percent from 2023.
The automaker sold 1,233,292 vehicles in 2024, an increase of 0.22 percent year-on-year.
Denza aims to sell over 300,000 cars in 2025, report says
Denza is targeting sales of more than 300,000 units in 2025, implying a 138 percent growth, according to a local media report.
New vehicles on Denza’s exclusive e3 platform will be rolled out gradually and will help sales, according to the report.
Xpeng partners with BP’s EV charging arm to share charging network in China
Xpeng has more than 2,000 charging stations with over 10,000 chargers, while BP Pulse has more than 1,000 charging stations and 23,000 chargers in China.
Xpeng last week entered into a partnership with Volkswagen to share more than 20,000 charging stations operated by the two, covering 420 cities in China.
China EV insurance registrations by brand for week ending Jan 12: Onvo 1,800, Tesla 7,800, BYD 42,800
CATL breaks ground on its 1st battery swap station in HK
FAW Hongqi’s E-QM5 based on CATL’s battery swap solution will be put into service as an electric cab in the Hong Kong market.
CATL’s long-term goal is to build a new energy mobility network covering Hong Kong and ASEAN through the Choco-SEB battery swap model.
Leapmotor sees net income turn positive in Q4 on strong deliveries and cost control
Leapmotor attributes the turnaround in net income to continued volume growth, product mix optimization, cost control and operational efficiency.
It expects its gross margin to be no less than 8 percent in 2024, a significant increase from 0.5 percent in 2023.
Porsche deliveries in China fall for 3rd consecutive year, plans to downsize sales outlets
Porsche’s deliveries in China were down 28 percent in 2024 from 2023, resulting in a 3 percent drop in its global deliveries from 2023.
The carmaker plans to downsize its outlets in China to about 100 before 2027.
China EV battery installations in Dec: CATL share at 45.48%, BYD 23.19%
In December, China’s power battery installed capacity was 75.4 GWh, up 57.3 percent year-on-year and up 12.2 percent from November.
For the full year of 2024, CATL ranked first with 45.08 percent share, BYD ranked second with 24.74 percent share, and CALB ranked third with 6.68 percent share.
China NEV sales at record 1.596 million in Dec, CAAM data show
For the full year of 2024, China’s NEV sales amounted to 12.866 million units, contributing 40.9 percent of all vehicle sales of 31.436 million units.
The CAAM expects China’s vehicle sales to reach 32.9 million units in 2025, of which 16 million are NEVs.
GAC plans to set up subsidiary dedicated to tie-up with Huawei
GAC will set up a subsidiary code-named “GH” with a registered capital of RMB 1.5 billion ($200 million) to cooperate with Huawei.
GAC and Huawei will jointly launch a new automotive brand, the first product of which will be an EV model priced in the RMB 300,000 range.
Shenzhen produces nearly 2.94 million NEVs in 2024
In 2024, Shenzhen’s NEV production was 2,935,300 vehicles, a local official said.
Shenzhen is where BYD is headquartered, and the company has a large production base in the city with a planned annual capacity of 1 million vehicles.
BYD showcases Sealion 07 EV in Japan, launch set for later this year
The Sealion 07 EV will enter the Japanese passenger car market this year and will be BYD’s fourth model in the Japanese market after the Yuan Plus, Dolphin and Seal.
In 2024, BYD sold 2,223 NEVs in the Japanese market, up 54 percent year-on-year.
Leapmotor launches C10 EREV in Europe, deliveries to begin in Mar
The Leapmotor C10 EREV began taking orders in Europe on January 10, following the launch of the BEV variant of the SUV there last September.
Leapmotor already has more than 400 sales outlets in 13 European countries, with plans to expand to 500 by the end of 2025.
Deutsche Bank expects BYD to sell 5.52 million cars in 2025
Deutsche Bank forecasts the BYD brand to sell 5.1 million cars in 2025, Denza brand at 250,000 and Fang Cheng Bao at 160,000 cars.
The team also forecasts BYD’s 2025 sales in overseas markets to be 800,000 units, up 92 percent year-on-year.
Regulatory filing: Zeekr files for 007 GT, its 2nd shooting brake model
The Zeekr 007 GT has dimensions similar to the Zeekr 007 sedan and is smaller than the Zeekr 001 shooting brake.
The model is available in single-motor and dual-motor versions and is expected to be launched in the second quarter.
