BYD’s net income in the second quarter was up 98.36 percent from the first quarter, while gross margin was 18.69 percent, down 3.19 percentage points from the first quarter. Read more…
Author: cnevpost
China Aug EV sales preview: Deutsche Bank expects Nio at 20,000, Tesla 65,000, BYD 370,000
Nio’s retail sales in August are estimated at around 20,000 units, flat year-on-year and flat sequentially, Deutsche Bank said. Read more…
Li Auto’s net income recovers in Q2 while gross margin slips further
Li Auto’s net income rose 86.24 percent in the second quarter from the first quarter, while gross margins slipped to 19.5 percent. Read more…
Shanghai auto show 2025 to be held in Apr 25-May 2 next year
The last Shanghai auto show was held in April 18-27, 2023, with 1,413 vehicles on display, including 513 NEVs. Read more…
Xpeng’s in-house AI chip for EVs, robots, flying cars hits major milestone
Xpeng’s Turing chip saw a successful tape-out, with one chip having three times the computing power of the autonomous driving chip it currently uses. Read more…
Xpeng launches Mona M03 to rival Tesla Model 3 at half price
Xpeng announced shortly after the launch event that the Mona M03 saw firm orders exceed 10,000 units in 52 minutes. Read more…
Nio Onvo to open 1st batch of over 100 stores on Sept 1
Onvo will see its first batch of over 100 stores open on September 1, covering 55 cities, as the official launch of its first model, the L60, nears. Read more…
BYD Fang Cheng Bao ties up with Huawei to use tech giant’s driver assist system
The first Fang Cheng Bao model to feature Huawei’s Qiankun ADS 3.0 is the Bao 8 off-road SUV, which will go on sale after the third quarter. Read more…
China EV insurance registrations for week ending Aug 25: Nio 4,600, Tesla 14,200, Xiaomi 2,100, BYD 87,800
Li Auto had 11,600 insurance registrations last week, Xpeng 2,800, Zeekr 3,000, Leapmotor 6,200 and Aito 9,000. Read more…
Huawei-backed Aito launches lower-priced Pro series for M7 SUV
Aito aims to deliver 3,000 units of the M7 Pro in the first week of launch and over 10,000 units in the first month. Read more…
Leapmotor CEO pledges to increase shareholding in company
Leapmotor executives, including the CEO, plan to increase their holdings of the company’s Hong Kong-traded shares by up to RMB 300 million ($42 million) over a six-month period. Read more…
Xpeng sees tape-out of in-house developed chip after Nio
Xpeng’s chip is a centralized computing architecture chip that supports powering the cockpit and smart driving, with AI computing power close to the level of 3 mainstream smart driving chips, according to local media. Read more…
Canada to impose 100% tariff on Chinese EVs, report says
The Canadian government plans to announce a 100 percent levy on EVs from China and 25 percent on steel and aluminum, Bloomberg reported. Read more…
Xpeng CEO increases shareholding in his firm
Xpeng CEO increased stake in his company in Hong Kong and US stock markets, and plans to increase it further. Read more…
Neta launches Neta S shooting brake: Starts at $22,440, offers BEV and EREV options
The most powerful variant of the Neta S shooting brake BEV can sprint from 0 to 100 kilometers per hour in 3.9 seconds. Read more…
Seres to buy 10% stake in Huawei’s auto unit Newcool for $1.6 billion
The deal values Newcool at RMB 115 billion, the same as when Avatr bought a 10 percent stake earlier this month. Read more…
BYD reveals official images of Seal 06 GT as debut nears
The exterior of the BYD Seal 06 GT carries a sporty and performance car look, though not as aggressive as the design of the Ocean-M concept. Read more…
Xpeng launches G6 electric SUV in Thailand
The G6 is Xpeng’s first model launched in Thailand, and the SUV will also be available in Malaysia, Singapore, and Australia in the coming months. Read more…
Li Auto signs deal to speed up charging facility buildout
Li Auto has signed a deal with state-owned Shoucheng Holdings to accelerate the construction of charging infrastructure in cities, and plans to set up a joint venture. Read more…
Leapmotor plans to spin off smart driving team and form new firm for extra revenue, report says
Leapmotor plans to complete the spin-off of its vehicle intelligence systems teams and set up a separate company by the end of this year, according to local media. Read more…
