Nio has joined Tesla in starting to offer a five-year zero-interest financing program.
It is offering new customers 20,000 km of free battery swap service.
Author: cnevpost
Tesla Q4 earnings miss as incentives more intense than expected
The auto business was the main reason for Tesla’s weaker-than-expected results, as incentives were more aggressive than expected.
Gross margin in the fourth quarter was 16.3 percent, about half of what they were in the first quarter of 2022.
Tesla’s facelifted Model Y exceeds 70,000 orders in China in 5 days after launch, report says
The facelifted Model Y has been better accepted than the facelifted Model 3 in China, according to local media.
Show cars of the facelifted Model Y have been gradually shipped to Tesla’s showrooms in China.
Nio Onvo sees over 5,000 battery swap services in single day
Cumulative deliveries of Onvo stood at 20,761 units at the end of December.
Earlier this week, Nio provided more than 100,000 battery swap services in a single day.
Xiaomi SU7 total deliveries have exceeded 150,000 units, says CEO
The SU7 delivered more than 135,000 units in 2024, Xiaomi previously said.
Xiaomi will begin deliveries of the SU7 with a special red exterior color in March.
Nio sees over 100,000 battery swap services in single day
Nio offered 103,919 battery swap services on January 23, as peak travel arrives ahead of the Chinese New Year holiday.
Nio currently has 3,064 battery swap stations in China, of which 955 are located along highways.
BYD Fang Cheng Bao recalls 6,843 Bao 5 cars for motor controller issue
The bolts inside the motor controller of some of the cars may not be locked properly, which in extreme cases may lead to smoke and fire.
Fang Cheng Bao’s deliveries for the full year 2024 amount to 56,388 units.
Xiaomi recalls 30,931 SU7 EVs over parking assist software issue
This is the first recall by Xiaomi EV.
Xiaomi EV suffered 255 complaints for faulty parking assistance software.
Tesla recalls over 1.2 million cars in China for software issues, to offer OTA update fixes
The software issues include reverse camera not displaying and steering assistance being limited.
In August 2024, Tesla had recalled more than 1.68 million vehicles in China due to software issues.
BYD outsells Toyota, Tesla to become top-selling carmaker in Singapore in 2024
BYD sold 6,191 cars in Singapore in 2024, higher than Toyota’s 5,736 and Tesla’s 2,384.
BYD’s share of the Singapore car market was 14.39 percent in 2024.
China NEV retail at 423,000 in Jan 1-19, down 39% from same period last month
For January 1-19, China’s retail sales of all passenger cars were 1.05 million units, 5 percent lower than the same period last year and 27 percent lower than the same period last month.
Wholesale sales of NEVs for January 1-19 were 503,000 units, up 57 percent from a year ago but 35 percent lower than the same period last month.
Nio Onvo’s 2nd model said to have completed trial production
The Onvo L80 has completed trial production and is about to enter the Tooling Trial phase, according to an image allegedly from Onvo.
Earlier this month, an Onvo vice president said the brand’s second car, benchmarked against Li Auto’s Li L8 or Li L9, would be released in the second half of this year.
Nio exec denies involvement in robot dog project
A Nio executive has denied that he is involved in a robot dog project, after a story last night sparked widespread discussion.
Tesla has released a humanoid robot, and several Chinese car companies, including Xpeng, have announced similar products.
BYD enters El Salvador passenger car market, opens 1st local store
BYD’s first store in El Salvador showcases models including the Seagull, Yuan Up, Seal, Song Pro DM-i and Song Plus DM-i.
BYD sells cars through a dealer in El Salvador, and its local partner is Energy Motors.
Nio forms team to research AI robot dog project, report says
Nio has assembled a team of around 20 people to research an AI robot dog project, headed by a former Momenta algorithm expert, according to local media.
Nio is now more cautious than before about this new field.
CATL previews net income growth of up to 20% to RMB 53 billion in 2024
CATL’s net income in the fourth quarter is expected to be a record RMB 17 billion, an increase of 31.01 percent year-on-year and up 29.41 percent from the third quarter.
CATL expects revenue to decline by 11.20 percent to 8.71 percent in 2024 due to downward revisions in product prices in line with declining raw materials.
Xiaomi CEO shares data showing SU7 outsold Tesla Model 3 in China in Dec
In the past nine months, the monthly deliveries of the Xiaomi SU7 beat the Model 3 in China four times.
The Model 3 was fifth in retail sales in China in December with 21,046 units, while the Xiaomi SU7 was fourth with 25,815 units.
CATL expected to announce new European JV battery plant this year
CATL currently has battery plants in Germany and Hungary, and last month announced plans for a new joint venture battery plant in Spain with Stellantis.
CATL ranked the world’s No. 1 in the global EV battery market in January-November 2024 with a 36.8 percent share.
BYD Yangwang U9 electric supercar reaches 100-unit delivery milestone
Yangwang officially launched the U9 on February 25, 2024, with the 2-seater model starting at RMB 1.68 million ($230,870).
The U9 is the highest priced model under the BYD umbrella and one of the few supercars from a local Chinese brand.
BYD Yangwang shows capabilities of U7’s body control system with rooftop maze game
Yangwang demonstrated in a video that the U7 can complete a maze game on the roof of the car through the responsiveness of the DiSus-Z body control system.
Yangwang began pre-sales of the U7 last November, with no official launch date set.
