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…
Author: cnevpost
Baidu-backed Jiyue to unveil 2nd model Jiyue 07 at Beijing auto show
The Jiyue 07 will be unveiled at the Beijing auto show in April and deliveries will begin in the second half of the year, according to local media. Read more…
Tesla gets 22.5% of its revenue from China in 2023
In the fourth quarter, Tesla’s revenue from China was a record $6.1 billion, or 24.25 percent of its total revenue. Read more…
BYD expects profit growth of up to 86.49% in 2023
BYD achieved a significant improvement in earnings, demonstrating strong resilience despite tougher competition in the industry, the company said. Read more…
Battery maker Gotion expects 2023 net profit to increase by up to 253%
Gotion said further reductions in raw material costs and the introduction of Volkswagen’s management system have helped it improve efficiency. Read more…
MG launches limited-edition new variant for electric roadster Cyberster in China
The new variant of the Cyberster revives the color scheme of some of the classic models in MG’s history, with only 100 units offered in the first round of sales. Read more…
GAC Aion enters HK market, plans to build 6 stores in 2024
GAC Aion has launched the Aion Y Plus in Hong Kong and gave its Hyper sub-brand’s Hyper HT SUV, Hyper SSR supercar their debut in the city. Read more…
Tesla’s new Model 3 Performance could be launched in China in Q2, report says
The new Tesla Model 3 Performance is expected to go on sale in China in the second quarter, and its price tag will likely be close to RMB 400,000 yuan, according to local media. Read more…
CATL, Didi form JV for battery swap business
The JV will cater to the ride-hailing market and provide battery swap services for NEVs, CATL said. Read more…
Xpeng to upgrade 1 of its plants for about 20 days to prepare for new model
The upgrade, which is due to be completed by the end of February, is aimed at preparing for a new model and boosting the plant’s capacity. Read more…
Tesla to start Cybertruck tour in China on Jan 28, here are 8 locations it’ll make its debut
Cybertruck’s tour of China will begin on Sunday, January 28, and will debut in eight cities. Read more…
Porsche Macan EV powered by CATL batteries, report says
Porsche has begun accepting reservations for the Macan EV in China, with the official launch set for April 25, the first day of the Beijing auto show. Read more…
BYD launches production at its plant in Uzbekistan
Uzbekistan’s president visited BYD’s Shenzhen headquarters on January 25, and together with the NEV maker’s chairman remotely witnessed the start of production at the plant. Read more…
Nio to waive some fees for using swap stations along highways during Chinese New Year holiday
Between February 8 and February 18, Nio owners who use battery swap stations along China’s highways will be exempt from service fees but will have to pay for electricity. Read more…
China’s solid-state battery planned capacity to exceed 128 GWh by 2025, analysts say
China already has 10 GWh of capacity for solid-state batteries, with more than 128 GWh planned for medium-term capacity, CITIC Securities said. Read more…
Huawei-Chery joint brand Luxeed faces delivery challenges with production of just dozens per day
Luxeed is currently promising wait times of 10-12 weeks, which is long enough to change consumer buying decisions. Read more…
Li Auto hits back after being mocked by Tesla for lack of technology
Li Auto released a range test comparison video of the Li Mega versus the Tesla Model X to show that its first BEV model has better performance. Read more…
Charging solutions provider StarCharge mulling HK IPO, report says
StarCharge is considering an IPO in Hong Kong, potentially raising about $500 million and seeking a $5 billion valuation, according to Bloomberg. Read more…
SAIC-GM-Wuling launches battery pack for commercial NEVs
The battery pack, called “Wuling Red 1”, is 148 mm thick, which SAIC-GM-Wuling said is the thinnest battery for commercial vehicles. Read more…
Tesla gross margin slips further in Q4, to start production of new EV model in H2 2025
Tesla said its vehicle volume growth rate in 2024 could be notably lower than in 2023 as the team works to roll out next-generation vehicles at its Texas plant. Read more…
