Lotus Technology’s business combination with a SPAC is expected to close on February 22 and will trade under the ticker symbol “LOT”. Read more…
Author: cnevpost
Buick launches updated Electra E4 in China with $4,180 lower starting price
Buick has become the latest to join the price war, with significant price cuts for all four trims of the Electra E4. Read more…
Li Auto owners drive 74.73 million km with assisted driving in Chinese New Year break
From February 8-17, Li Auto owners drove 74.73 million kilometers with the AD assisted driving system turned on, including 49.54 million km of NOA mileage. Read more…
Nio Firefly: Spy shots of suspected debut model revealed for 1st time
Although the car is tightly wrapped in camouflage, it can be seen looking similar to the Zeekr X or Volkswagen’s ID.3. Read more…
Nio’s busiest swap station offers 195 services in 1 day during Chinese New Year holiday travel rush
Nio’s battery swap stations provided a total of 871,477 services from February 8-18, with a peak of 90,199 services in a single day. Read more…
Changan’s NEV arm Deepal launches updated SL03 BEV with lower starting price
Deepal has lowered the starting price of the SL03 BEV by RMB 7,000 and is offering customers an additional RMB 10,000 cash discount. Read more…
BYD to launch refreshed Dolphin on Feb 23, may continue its push for lower prices
BYD yesterday launched lower-priced updated versions of its two budget sedans, triggering several local peers to follow suit with price cuts. Read more…
China EV insurance registrations in Feb 5-18: Nio 1,500, Xpeng 1,000, Li Auto 7,000, Tesla 8,200
Insurance registrations for major EV makers in China have dropped significantly over the past two weeks as people celebrate the traditional Chinese New Year holiday. Read more…
BYD poised to challenge Tesla for BEV sales crown in 2024, TrendForce says
Tesla continues to lead the BEV rankings in 2023 with a 19.9 percent market share, followed by BYD with 17.1 percent. Read more…
Chinese New Year holiday travel report: Here are BYD and Tesla’s stats
BYD owners drove a cumulative total of about 3.76 billion kilometers from February 10-17, and Tesla owners in China drove more than 700 million kilometers, according to their numbers. Read more…
Battery maker Gotion plans to set up low-carbon tech institute in HK
Gotion plans to set up the institute with Hong Kong-listed Envision to conduct research on battery energy storage system technologies and business models. Read more…
Price war in China’s passenger car market to remain fierce in 2024, says CPCA secretary-general
The process of new manufacturers replacing old ones in the process of establishing a new market order will likely continue for several years until a new landscape is formed, said Cui Dongshu of the CPCA. Read more…
Neta cuts prices by as much as $3,060 as price war intensifies
Neta cut the prices of almost its entire model range, with the compact SUV Neta X seeing the highest reduction. Read more…
Xpeng president Wang Fengying has taken over overseas business, report says
Wang has restructured Xpeng’s overseas business team, adding the Middle East as a key market and will invest more resources, according to local media. Read more…
Wuling follows BYD by cutting hybrid sedan price by $830
BYD is looking to accelerate the replacement of traditional fuel vehicles with NEVs at lower prices, and more automakers following suit is expected to speed up the process. Read more…
Lotus Tech files with Chinese securities regulator for US listing
Lotus Technology plans to merge with L Catterton Asia Acquisition Corp in order to list on the Nasdaq, issuing up to 181,315,064 ordinary shares. Read more…
Li Auto’s spring 2024 launch event to begin at 3:00 pm Beijing Time on Mar 1
Li Auto will launch its first BEV model, the Li Mega, as well as the 2024 L-series EREVs at the event. Read more…
BYD says it will bolster R&D investment as engineers exceed 90,000
To date, BYD has more than 90,000 R&D engineers and has filed more than 48,000 patents worldwide, according to an announcement. Read more…
BYD rolls out new, less expensive variants for 2 NEV models to further undercut fuel cars
BYD makes its hybrid models less expensive than its petrol counterparts in a strong second offensive against them. Read more…
BYD reportedly to launch lower-priced NEVs on Feb 20 to further offensive against ICE models
BYD will launch new variants of the Qin Plus and Chaser 05 in Glory Editions on February 20, both starting at RMB 79,800, or $11,100, according to local media. Read more…
