The price of the Model 3 Long Range has been raised by RMB 1,500 in China, while the Model Y Long Range has gone up by RMB 2,500. Read more…
Author: cnevpost
Tesla delivers 28,626 vehicles in China in Oct, exports 43,489 from Shanghai plant
Tesla’s share of the NEV market in China was 3.73 percent in October, and its share of the BEV market was 5.78 percent. Read more…
China’s NEV retail sales up 2.7% MoM to record 767,000 in Oct, CPCA data show
China’s NEV penetration rate at retail was 37.8 percent in October, up from 36.9 percent in September. Read more…
TrendForce expects China’s power battery price decline to continue into 2024
China’s lithium battery industry’s overcapacity will continue into 2024, and battery prices will still decline next year, TrendForce said. Read more…
Saudi Arabia’s sovereign wealth fund in talks to invest in Chinese EV maker Human Horizons, report says
Saudi PIF could invest at least $250 million in Human Horizons at a valuation of $3 billion, and a deal could be reached as early as this year, according to Bloomberg. Read more…
Lithium carbonate prices keep falling as supply-demand imbalance fears persist
The average price of battery-grade lithium carbonate in China is falling close to RMB 150,000 per ton, about half of what it was at the end of June, as supply-demand imbalances continue. Read more…
Xpeng Q3 earnings preview: In-line results expected, margins likely to beat
“In light of China’s EV market remaining ultra competitive for the foreseeable future, Xpeng’s strategy continues to resonate well with us, making the stock our Top Pick in the group,” Deutsche Bank said. Read more…
Shanghai to start pilot operation of autonomous buses in downtown area
Shanghai has opened a total of 926 roads for autonomous driving tests, with a total mileage of 1,800 kilometers. Read more…
Tesla to raise Model 3, Model Y prices in China on Nov 9
Tesla will raise the prices of the long-range versions of the Model 3 and Model Y in China on Thursday, November 9, local media quoted the company as saying. Read more…
Chinese shipbuilder starts work on vehicle carrier for BYD
Guangzhou Shipyard has begun construction on the first of 2 vehicle carriers for BYD, capable of carrying up to 7,000 vehicles. Read more…
Global EV battery market share in Jan-Sept: CATL 36.8%, BYD 15.8%
CATL and BYD’s shares in January-September both declined slightly from January-August. Read more…
China’s NEV retail sales up 3% MoM to 765,000 in Oct, preliminary CPCA data show
China’s passenger NEV penetration at retail stood at 37.7 percent in October, up from 36.9 percent in September. Read more…
Nio gives over 230,000 sales forecasts for 2024 to supply chain, Xpeng 280,000, Li Auto 800,000, report says
Automakers usually provide high forecasts to their supply chain, while suppliers make their own judgments based on the competitiveness of the vehicle models and the operating results of the car companies. Read more…
China EV insurance registrations for week ending Nov 5: Nio 4,200, Xpeng 4,700, Li Auto 8,600, Tesla 14,000
This article is being updated, please refresh later for more content. Read more…
Tesla teases upcoming Model Y price hike in China
Tesla plans to raise the prices of the cheaper versions of the Model Y in China, as a continuation of the price hike it put on the crossover’s most expensive version in the country late last month. Read more…
Huawei and Chery’s joint EV brand Luxeed to start pre-sales of its debut model on Nov 9
Luxeed shared images of the Luxeed S7 on Weibo, showing off the exterior details of the sedan. Read more…
Nio’s job cut could save up to RMB 2 billion per year, says Deutsche Bank
“While management still has a long way to go in restoring creditability among investors, this should be viewed as a meaningful step in the right direction,” Edison Yu’s team said. Read more…
Zeekr names its 1st sedan Zeekr 007, pre-sales to begin on Nov 17
The Zeekr 007 will be Zeekr’s first sedan and its first model for the mainstream market, as all three of its current models on sale are aimed at niche markets. Read more…
Xpeng launches LFP battery-equipped variants of P7i with starting price reduced by $3,570
Xpeng launched two new variants of the P7i with a CLTC range of 550 kilometers at a reduced starting price of RMB 223,900. Read more…
Vlogger ruled to apologize to Nio and pay financial damages for reputation infringement
The vlogger was ordered to post apologies on his Douyin account for 90 consecutive days and to compensate Nio for financial losses totaling more than 600,000 yuan in a first instance ruling. Read more…
