Li Auto incorrectly treated a period of commercial validation as a period of rapid growth with the Li Mega, and this strategic miscalculation was the essential reason for the model’s issues, its CEO said. Read more…
Author: cnevpost
Nio recruits new batch of 20,000 pioneer testers for NOP+
Nio began recruiting an additional 20,000 pioneer testers for NOP+, which will be the final user experience event before the feature is pushed out to all car owners. Read more…
FAW Hongqi launches all-electric sedan EH7 with starting price of $31,920
Hongqi EH7 is the first model launched by Hongqi New Energy since it became independent in January 2023. Read more…
Huawei-Chery joint brand Luxeed to re-launch 1st model S7 on Apr 8, report says
The re-launched Luxeed S7 will bring new features and will be able to deliver soon after launch, with monthly sales expected to be at around 5,000 units, according to local media. Read more…
Alibaba files to sell another 33 million Xpeng ADSs
This is the latest reduction in Alibaba’s holdings after it sold 25 million of Xpeng’s ADSs last year. An Alibaba executive resigned as a director of Xpeng. Read more…
Xiaomi CEO calls Tesla’s reported upcoming price hike brave move, admits pricing pressure on SU7
The standard version of Xiaomi’s SU7 has specs that far exceed those of the Model 3 and has a very high initial sourcing cost, said Lei Jun. Read more…
Zeekr aims to be profitable in 2024
Zeekr is targeting sales of 230,000 units in 2024 and will launch three new models to cover a wider market. Read more…
China’s NEV retail at 335,000 in Mar 1-17, up 115% from same period last month
China’s NEV retail penetration rebounded to 48.0 percent in the March 1-17 period. Read more…
BYD chairman Wang Chuanfu meets Apple CEO Tim Cook in Shanghai
BYD chairman and president Wang Chuanfu met with Apple’s CEO Tim Cook, who is visiting Shanghai, at Apple’s China headquarters today, according to local media. Read more…
BYD to begin producing EVs in Indonesia in 2026, local official says
BYD plans to hold a groundbreaking ceremony for a factory in Indonesia this July, a senior local official said. Read more…
Xiaomi has finalized SU7 pricing, significantly lower from last year’s expectations, report says
Xiaomi has finalized the pricing of the SU7, which has been lowered by RMB 30,000 to RMB 50,000 compared to last year’s expectations, according to local media. Read more…
Polestar plugs into Tesla’s charging network in China
Polestar vehicles can charge at up to 120 kW at Tesla Supercharger stations, according to the EV maker. Read more…
GAC’s EV unit Hycan reportedly asks all employees to sell cars as sales remain weak
Hycan, previously known as GAC Nio, has sold fewer than 20,000 vehicles annually for the past two years. Read more…
Tesla to raise Model Y price in China on Apr 1, report says
With the purchase discounts offered by Tesla expiring at the end of the month, the upcoming price hike means that the actual cost of purchasing a Model Y will go up by as much as RMB 23,000, according to local media. Read more…
Xpeng Q4 earnings call live updates: Deliveries of new brand’s 1st model to start in Q3
During next month’s Beijing auto show, Xpeng will officially launch its new brand for the RMB 100,000 to RMB 150,000 segment. Read more…
Xpeng Q4 2023 earnings: Deutsche Bank’s 1st look
Xpeng delivered solid fourth-quarter earnings although the guidance came in soft, said Deutsche Bank. Read more…
China EV insurance registrations for week ending Mar 17: Nio 2,200, Xpeng 2,200, Li Auto 7,000, Tesla 12,300
So far this month, Nio was 5,500, Xpeng 4,700, Li Auto 18,200 and Tesla 31,000. Read more…
Xiaomi unveils its EV factory as 1st model 9 days away from launch
Xiaomi held a board meeting at its EV factory, where directors toured the plant and test drove the Xiaomi SU7, its founder said. Read more…
Xpeng posts record revenue in Q4, gross margin turns positive
This article is being updated, please refresh later for more content. Read more…
Nio starts exploring interaction of highway swap stations with grid
As of the end of February, Nio had 587 battery swap stations and more than 27,000 charging piles participating in grid load regulation in 14 provinces and cities. Read more…
