China’s auto market saw 227 models with price cuts in 2024, more than the 148 in 2023 and significantly higher than the 95 in 2022.
Price cuts peaked in March and April 2024, unlike 2023’s relatively balanced picture.
Author: cnevpost
Honda plans to adopt Huawei’s smart driving solution in China, report says
Honda is exploring cooperation with Huawei in the field of smart driving, and is expected to use the Chinese tech giant’s solution on the Ye brand.
The same model under the Ye brand could be offered in parallel in the future in variants with Honda Sensing 360+ and variants with Huawei’s smart driving solution.
Leapmotor launches new C16 SUV variants with longer range
Leapmotor launched two new BEV variants for the C16 with a starting price of RMB 172,800 ($23,590), 6.8 percent higher than the starting price of the previous BEV variants.
The new variants come with a larger battery pack and the CLTC range has been upgraded from 520 kilometers to 580 kilometers.
Global EV battery market share in Jan-Nov 2024: CATL 36.8%, BYD 17.1%
In January-November 2024, the total global EV battery usage was 785.6 GWh, up 26.4 percent from 621.4 GWh in the same period last year.
CATL’s share in the January-November period was 36.8 percent, unchanged from January-October. BYD was at 17.1 percent, up from 16.8 percent in January-October.
BYD to officially launch Xia MPV on Jan 8
BYD gave the Xia its debut on August 30, saying at the time that the MPV would be priced in the RMB 300,000 ($40,980) class.
The BYD brand currently has no MPV models available in China. Its Denza sub-brand is offering the D9 MPV.
Xpeng, VW to jointly build supercharging network in China in deepened tie-up
Through the partnership, more than 20,000 charging piles operated by the two companies will cover 420 cities in China for customers of Xpeng and Volkswagen. Read more…
Lynk & Co unveils hybrid Lynk & Co 900 to target large SUV market
The Lynk & Co 900 is Lynk & Co’s flagship plug-in hybrid SUV for the global market and is the brand’s largest vehicle to date.
It is equipped with a powerful powertrain capable of accelerating from 0 to 100 km/h in less than five seconds and a top speed of more than 200 km/h.
China Dec NEV wholesale at record 1.5 million, CPCA estimates show
China’s December passenger NEV wholesale sales were estimated at 1.5 million units, up 5 percent from November.
This is the fifth consecutive month that China’s monthly NEV wholesale sales have exceeded 1 million units.
Tesla China sells 93,766 cars in Dec, 3rd-highest ever
Tesla China sold 93,766 cars in December, including exports, up 18.91 percent from November.
In the fourth quarter, Tesla China’s sales including exports were about 240,900, contributing about 49 percent of the EV maker’s global deliveries.
Xpeng sees Mona M03 cumulative deliveries hit 50,000 units
Xpeng delivered a record 36,695 cars in December, including over 15,000 of the Mona M03.
The Mona M03 was launched on August 27, 2024, and is Xpeng’s least expensive.
Pony AI plans to provide robotaxi commute for staff at Hong Kong International Airport
Pony AI plans to offer in-airport robotaxi commuting service for staff at Hong Kong International Airport, and plans to expand its service to downtown Hong Kong.
The company recently demonstrated its sixth-generation robotaxi in Hong Kong.
Deutsche Bank’s 2025 delivery estimates for Chinese EV trio: Nio 450,000, Xpeng 400,000, Li Auto 700,000
Deutsche Bank expects Nio to deliver 450,000 units in 2025, double the 221,970 units it delivered in 2024.
They expect Xpeng to deliver 400,000 units in 2025, up 110 percent from 190,068 units in 2024.
Li Auto is expected to deliver 700,000 units in 2025, up 40 percent from 500,508 units in 2024.
BYD teases new models Tang L SUV and Han L sedan
BYD has released teaser images of the Tang L and Han L, its first mention of the two all-new models.
The Tang family of models sold 153,365 units in 2024 and the Han family 258,452 units.
Nio reaches 3,000 swap stations in China
Nio’s first battery swap station went live on May 20, 2018.
The 1,000th station went live on July 6, 2022 and the 2,000th on October 26, 2023.
Tesla sells all-time high of about 83,000 cars in China in Dec
Tesla sold about 196,900 vehicles in China in the fourth quarter, contributing 40 percent of global deliveries.
It sold about 657,000 units in China for the full year 2024, up 8.8 percent. By contrast, it’s global deliveries in 2024 were down 1.07 percent from 2023, the first decline in more than a decade.
Tesla delivers 495,570 cars globally in Q4, 1,789,226 for full year 2024
BYD sells record 514,809 NEVs in Dec, full year 2024 sales reach 4.27 million Read more…
IM Motors offers 0-interest financing, cash discount incentives
Customers who buy an EV from IM Motors before the Chinese New Year can enjoy 0-interest financing for five years and a RMB 5,000 ($680) cash discount. Read more…
Zeekr to launch 3 new models in 2025, including 2 hybrids
Zeekr will launch a Zeekr 007-based shooting brake model in the second quarter and one SUV each in the third and fourth quarters, both offering hybrid variants. Read more…
SAIC-GM-Wuling starts EV battery production in Indonesia
SAIC-GM-Wuling said it saw its first power battery produced in Indonesia, becoming the first Chinese car brand to realize power battery production in the country. Read more…
BYD Denza to launch N9 SUV in Q1, new MPV to follow, exec says
The N9 SUV will be launched in the first quarter, and Denza will also launch a new MPV in 2025 that will be bigger and more powerful than the D9 MPV currently on sale, an executive said. Read more…
