Arcfox has shipped vehicles to several countries and will accelerate its overseas sales and service network this year, it said. Read more…
Author: cnevpost
Great Wall’s Tank brand launches Tank 700 Hi4-T off-road SUV
China’s off-road NEV market has a lot of room to grow, with steady-state monthly sales of the Tank 700 Hi4-T expected to reach 3,000 units, analysts say. Read more…
Xiaomi’s 1st EV model to start deliveries as soon as Q2, exec indicates
Xiaomi Group president said the formal release of the SU7 will come “very soon,” and indicated that domestic deliveries will begin as soon as the second quarter, according to CNBC. Read more…
Li Auto Q4 earnings: Deutsche Bank’s 1st look
Li Auto reported strong fourth-quarter results and provided a better-than-expected outlook for first-quarter sales, Deutsche Bank said. Read more…
Li Auto earnings call: Management expects deliveries to top 70,000 in Jun, has set up operations in Middle East
Li Auto management said they expect to see deliveries top 50,000 in March and 70,000 in June. Read more…
Neta has launched preparations for HK IPO, report says
Neta started preparations for its IPO in Hong Kong in the fourth quarter of 2023, with the amount of cornerstone investments signed up so far exceeding RMB 2 billion, according to local media. Read more…
Xpeng to report Q4 earnings on Mar 19
Li Auto already reported its fourth-quarter earnings earlier today, while Nio will report its earnings on March 5. Read more…
Nio signs technology license agreement with CYVN subsidiary Forseven
Nio will grant Forseven a worldwide license to use certain of the company’s existing and future technologies related to or subsisting in the company’s smart EV platforms. Read more…
Nio’s power unit ties up with China Southern Power Grid’s energy storage arm
China Southern Power Grid Energy Storage will work with Nio Power in areas including battery banks, battery swap stations, and virtual power plants. Read more…
Li Auto posts 20.3% revenue growth in Q4 from Q3, gross margin improves to 23.5%
Li Auto expects to deliver 100,000 to 103,000 units in the first quarter. Read more…
Li Auto reveals supercharging station buildout plan for this year
Li Auto vaguely said it has 2,000 supercharging stations planned for 2024. Read more…
IM Motors launches 2024 L7 sedan with lower starting price
The L7, IM Motors’ first model, has been updated with its starting price cut by RMB 38,900, or 11.5 percent. Read more…
BYD’s initial plan for its 2024 sales target is 4 million units, report says
BYD is set to announce a 4-million-unit target, with a higher 4.2 million sales forecast given to suppliers, including 2 million BEVs, and 2.2 million PHEVs, according to local media. Read more…
BYD says updated Qin Plus gets 23,590 orders in 1st week on market
BYD launched the updated Qin Plus sedan on February 19, the first model it’s updating in its second offensive against traditional fuel cars. Read more…
IM Motors to become latest Chinese EV maker to add gas engines to EV models
IM Motors CEO said the company’s fifth model will be an EREV, set to become the latest after Avatr to look to gasoline engines to boost sales. Read more…
BYD Yangwang launches U9 electric supercar with starting price of $233,500
The Yangwang U9’s powertrain delivers up to 1,306 horsepower, allowing the vehicle to sprint from 0 to 100 kilometers per hour in 2.36 seconds. Read more…
BYD’s battery unit FinDreams to develop batteries for 2-wheelers
FinDreams said it will offer safer, more reliable batteries for electric two-wheelers, after a recent deadly accident revived concerns about the safety of electric two-wheeler batteries. Read more…
BYD to launch updated Han and Tang models on Feb 28
Updated versions of BYD’s Han and Tang are poised to take the price war further into the mid- to high-end EV market. Read more…
BYD chairman doubles proposed share buyback amount to boost investor confidence
BYD chairman Wang Chuanfu doubled the amount of his proposed buyback of the company’s shares in the A-share market to RMB 400 million from RMB 200 million and will be used to reduce registered capital. Read more…
Nio’s swap station in Denmark has begun offering frequency regulation service to power grid
The service barely affects battery swap stations’ ability to provide service to car owners, with one station bringing in revenue in the tens of thousands of euros a year, according to a Nio vice president. Read more…
