BYD has released six images of the Yuan Up, showing the model from multiple angles. Read more…
Author: cnevpost
Huawei and JAC’s joint model to rival BMW 7 Series, expected to hit market in Q4, report says
The first model to be built by Huawei and JAC will be a sedan priced at the RMB 1 million level, not an MPV as previously rumored, according to local media. Read more…
Tesla upgrades Model Y’s self-driving computer to HW 4.0 in China, price unchanged
The entire Model Y lineup has been upgraded to the HW 4.0 self-driving computer, while the price remains the same. Read more…
Tesla offers $1,110 discount on some Model Y stock cars in China
In addition to offering cash discounts on select Model Y stock vehicles, Tesla is also allowing customers to get paid paint for RMB 2,000 that would otherwise sell for RMB 8,000 or RMB 12,000. Read more…
Production issues with Huawei computing unit hit some Chinese automakers, report says
The computing unit, called the MDC 810, powers advanced driver assistance systems, according to Reuters. Read more…
Great Wall Motor looking to open direct sales outlets, with initial numbers likely to be around 100
Great Wall Motor has brought in talents with direct store management experience, including a former retail director at Li Auto, according to local media. Read more…
BYD plans to open over a dozen outlets in Singapore and Philippines in 2024
BYD currently has a network of more than 10 dealers in the Philippines and seven in Singapore. Read more…
GAC Aion begins construction of its Thailand plant with designed capacity of 50,000 cars per year
GAC Aion’s Thailand plant will be built in two phases, with the first phase scheduled for completion in July 2024. Read more…
BYD signs preliminary land purchase deal for its NEV plant in Hungary
BYD plans to have the Hungarian plant, which will produce passenger car models for sale in Europe, up and running within three years. Read more…
China NEV retail sales at 596,000 in Jan 1-28, down 24% from same period last month
China’s passenger NEV retail sales stood at 596,000 units in January 1-28, up 92 percent from a year earlier but down 24 percent from a month earlier, data from the CPCA showed. Read more…
Xiaomi to begin mass production of its 1st EV model in Feb, output expected to reach 10,000 in Jul, report says
Xiaomi EV plans to see production of the SU7 reach around 2,000 units in March and complete capacity ramp-up by mid-2024, according to local media. Read more…
Chinese lithium producers expect net profit to plunge in 2023 on falling lithium prices
Lithium producers including Ganfeng and Tianqi expect their net profits in 2023 to be much lower than in 2022, with the common reason being a sharp drop in lithium prices. Read more…
Xpeng to start developing globally available smart driving features in 2024
Xpeng said it will begin development of globally available highway NGP in 2024 and globally available XNGP functionality in 2025. Read more…
Nio reaches deal with local firm for production of SiC modules
United Nova said it will be the production supplier for Nio’s first in-house developed 1200 V SiC module, helping the EV maker build on its leadership position in the 900 V high-voltage platform. Read more…
CATL expects profit growth of up to 48% in 2023
The earnings preview implies CATL returned to net profit growth in the fourth quarter, after seeing a sequential decline in the third quarter. Read more…
China EV insurance registrations for week ending Jan 28: Nio 3,300, Xpeng 2,200, Li Auto 8,500, Tesla 12,800
During January 1-28, Nio was 9,900 units, Xpeng 6,800, Li Auto 27,100, Tesla 35,200 and BYD 168,500. Read more…
Eve Energy launches global operations, opens 7 regional headquarters
The regional headquarters are aimed at serving customers close to where they are and mark Eve Energy’s transition to global operations, it said. Read more…
Xiaomi SU7’s top-trim will be priced at around $50,350, report says
The top-trim version of the Xiaomi SU7 has a vehicle price of RMB 361,400 at the time of insurance purchase, and the starting prices for the full lineup will likely be in the range of RMB 250,000 to RMB 370,000, according to local media. Read more…
Analysts explain why BYD’s average profit per car fell in Q4
BYD’s average profit per vehicle fell by about RMB 1,400 in the fourth quarter from the third quarter, mainly due to promotions through discounts and incentives offered to dealers, a team of analysts said. Read more…
BYD enters Rwanda with launch of Atto 3
BYD entered into a partnership with Rwandan distributor CFAO Mobility in 2023, and the local launch of the Atto 3 marks its official entry into the East African market. Read more…
