Zeekr’s 200,000th vehicle delivered was the Zeekr 007, which hit the market on December 27, and the milestone means it has delivered 3,367 vehicles so far this month. Read more…
Author: cnevpost
Nio’s hardware chief confirms he’s taking over phone business
Nio’s hardware chief Bai Jian has confirmed that he’s taking over the phone business, and hinted that the Nio Phone may use the company’s own image signal chips. Read more…
Li Auto reportedly planning to move up Li L6 launch from Jun to early Apr
The move is in response to competition from Huawei-backed Aito’s new M7, and Li Auto’s sales expectation for the Li L6 is 20,000 units per month, according to local media. Read more…
Nio’s phone business head to leave, report says
The shake-up of the phone team doesn’t mean the business will stop, and Nio will launch at least 3 generations of smartphones, according to local media. Read more…
JAC’s Yiwei brand starts delivering EVs equipped with sodium-ion batteries
The sodium-ion battery-equipped model has a battery pack capacity of 23.2 kWh, a CLTC range of 230 km, and can be charged from 10 percent to 80 percent in 20 minutes. Read more…
Geely intensifies competition in China’s EV space with launch of Galaxy lineup’s 1st electric sedan E8
Geely Auto aims to target the market with the broadest potential user base with the Galaxy E8 and accelerate the replacement of conventional internal combustion engine vehicles. Read more…
Tesla recalls over 1.6 million cars in China over software issues
This is Tesla’s biggest recall in China, involving potentially all delivered vehicles. Read more…
Nio shows off ET9’s chassis system capabilities in new video
The front wheels of the Nio ET9 prototype move up and down at high frequencies, while the two water-filled glasses placed at the front of the car remain stable. Read more…
BYD’s 1st sodium-ion battery facility begins construction
BYD has started construction on its sodium-ion battery facility in Xuzhou, Jiangsu province, with a total investment of RMB 10 billion and a planned annual capacity of 30 GWh. Read more…
Xiaomi clarifies as rumors swirl about pricing of its first EV
Xiaomi SU7 is unlikely to be priced before its official launch, nothing has been finalized yet, an executive said. Read more…
Goldman Sachs initiates coverage on Nio with Neutral rating
Despite its early-mover advantage, Nio’s growth momentum could remain soft on relatively fewer new model launches given its mature product portfolio vs. peers, Goldman Sachs said. Read more…
China’s NEV retail sales up 11% MoM to 936,000 in Dec, preliminary CPCA data show
China’s retail penetration of passenger NEVs was 39.6 percent in December and 35.7 percent in 2023, according to preliminary CPCA data. Read more…
China issues guidelines for vehicle-grid interaction, aims for NEVs to be mobile energy storage facilities
China aims for NEVs to become an important part of the energy storage system by 2030, providing tens of millions of kilowatts of regulation capacity to the power system. Read more…
Changan’s EV unit Avatr to add EREVs to its product lineup
Avatr will launch two new models in 2024 and will have four EVEVs to add to the lineup, its president said. Read more…
Zeekr partners with local dealer to tap Singapore market
Zeekr will launch the right-hand drive versions of the Zeekr 009 and Zeekr X in Singapore, with deliveries starting in the third quarter of 2024. Read more…
China EV insurance registrations for week ending Dec 31: Nio 5,700, Xpeng 4,800, Li Auto 14,100, Tesla 15,800
In December, 17,700 Nio vehicles were registered for insurance in China, 17,300 for Xpeng and 76,000 for Tesla. Read more…
Nio issues repurchase right notice for convertible senior notes due 2026
As of January 2, the notes had an aggregate principal amount of $301,448,000 outstanding. Read more…
X9 set to lift Xpeng’s volume and gross margin, says Deutsche Bank
Pricing for the Xpeng X9 has been more aggressive than expected, and volume could go upside in the first half of 2024, said Deutsche Bank. Read more…
China’s Dec NEV wholesale sales at record 1.13 million units, CPCA estimates show
Preliminary estimates show that for the full year 2023, China’s wholesale sales of passenger NEVs were 8.88 million units, a year-on-year increase of 38 percent, according to the CPCA. Read more…
Tesla sells 94,139 China-made cars in Dec, 2nd highest on record
For the full year 2023, Tesla sold 947,742 China-made vehicles. Read more…