Zeekr reported a net loss of RMB 821 million ($112 million) in the fourth quarter, a year-on-year decrease of 72.1 percent and a quarter-on-quarter decrease of 28.0 percent. Read more…
Author: cnevpost
Nio opens test drives of ET9, deliveries to begin on Mar 29
Nio today began allowing general visitors to test drive its executive flagship sedan ET9, with deliveries to begin on Mar 29.
Customers who pay a deposit to purchase an ET9 on or before April 30 will receive upgraded benefits.
Regulatory filing: Li Auto files for updates to existing models with smaller LiDAR
Li Auto’s updated models use smaller LiDARs, which are also available for variants equipped with the AD Pro smart driving solution.
Li Auto will update existing models in May, focusing on upgrades to smart driving hardware.
Xpeng plans to award CEO 28.5 million shares, with stock performance-related conditions
Xpeng CEO He Xiaopeng can unlock the full award if the company’s Hong Kong-traded share price rises to HK$750 from the current HK$89.55 within 10 years.
The total value of the proposed grant is about HK$2.55 billion ($328 million) based on today’s closing price.
China NEV retail at 427,000 in Mar 1-16, up 63% from same period last month
So far this year, cumulative retail sales of passenger NEVs in China were 1,853,000 units, up 36 percent year-on-year.
China’s NEV penetration at retail was 55.31 percent from March 1-16 and 46.94 percent year-to-date.
Xiaomi plans to expand Beijing EV factory, report says
Xiaomi began building a second factory on a 53-hectare site in Beijing last year, and the latest expansion will see the plant occupy an adjacent plot of about 52 hectares, according to Bloomberg.
Xiaomi yesterday raised its 2025 vehicle delivery target to 350,000 units from 300,000 units previously.
IM Motors launches LS6 SUV in Thailand, officially begins overseas expansion
The LS6 has been rebranded as the IM6 in Thailand with a starting price of THB 1,399,900 baht ($41,600).
IM Motors will enter more international markets with the LS6 and L6 electric sedans as strategic global models.
China delays approval of BYD’s Mexican plant amid fears tech could leak to US, report says
Chinese authorities are concerned that Mexico would gain unrestricted access to BYD’s advanced technology and know-how and may even possibly allow the US access to it, according to the Financial Times.
Domestic automakers would need approval from China’s Ministry of Commerce to produce overseas, which it has yet to grant.
China delays approval of BYD’s Mexican plant amid fears tech could leak to US, report says
Chinese authorities are concerned that Mexico would gain unrestricted access to BYD’s advanced technology and know-how and may even possibly allow the US access to it, according to the Financial Times.
Domestic automakers would need approval from China’s Ministry of Commerce to produce overseas, which it has yet to grant.
Xiaomi’s EV business brings in $2.25 billion in revenue in Q4, up 71.58% from Q3
Xiaomi’s innovative business, including EVs, posted a gross margin of 20.4 percent in the fourth quarter, up from 17.1 percent in the third quarter.
The innovative business reported an adjusted net loss of RMB 700 million in the fourth quarter, halving from RMB 1.5 billion in the third quarter.
Xpeng Q4 2024 earnings call: Live updates
Starting with the P7+, all of Xpeng’s new products, including the just-launched 2025 G6 and G9, will be equipped with the industry-leading, free pure vision smart driving systems. Read more…
Zeek launches G-Pilot with door-to-door smart driving capabilities
Zeek has launched the Zeekr G-Pilot, saying the smart driving solution has door-to-door smart driving capabilities.
The Zeekr 9X, equipped with the Zeekr G-Pilot H9 solution, will be Zeekr’s first L3 smart driving-enabled model.
Xpeng reports smaller net loss while gross margin declines
Xpeng reported a net loss of RMB 1.33 billion ($180 million) in the fourth quarter of 2024, down from RMB 1.35 billion in the same period of 2023 and down from RMB 1.81 billion in the third quarter of 2024. Read more…
Nio Firefly’s 1st model to be launched on Apr 19, will still use Nio swap stations
In the early days of the Firefly’s first model, Nio will set up demonstration battery swap stations in cities with a high number of users, the brand’s president said.
Subsequent new models of Firefly, which are in pre-research, will incorporate CATL’s Choco-Swap standard and network.
Xiaomi EV raises 2025 delivery target from 300,000 to 350,000 units
The latest target is up 50,000 units, or 16.67 percent, from Xiaomi EV’s previous target of 300,000 units.
Xiaomi EV has been making efforts to increase its production capacity and some progress has been made, Xiaomi CEO said.
Li Auto unveils MindVLA architecture to move toward ‘truly autonomous driving’
MindVLA will redefine autonomous driving in the same way that the iPhone 4 redefined smartphones, said Li Auto CEO.
Li Auto management said earlier this month that it initiated R&D on the next-generation VLA smart driving large model, which will be released alongside the Li i8.
BYD to officially launch new electric SUV Sealion 05 EV on Mar 25
The BYD Sealion 05 EV will be built on a new technology platform and will come standard with the God’s Eye C smart driving system.
BYD has shared more images of the Sealion 05 EV, showing details of the SUV’s exterior.
Xiaomi EV reaches 200,000th car delivery milestone
Xiaomi EV took 229 days to complete delivery of its first 100,000 units, while the second 100,000 units were delivered in just 119 days.
As a model that has been on the market for a year, the SU7 still maintains strong demand, with a current wait cycle of over 30 weeks.
CAAM urges halt to weekly auto sales charts
The CAAM said the move was intended to avoid fragmented information that could trigger one-sided interpretations and reduce market disruption from misleading public opinion.
Li Auto’s weekly sales chart, which it shares every Tuesday, may not continue to be published.
BREAKING: Nio partners with CATL to create world’s largest passenger car battery swap network
Nio today announced that it has partnered with CATL to create the world’s largest and most advanced battery swap network for passenger cars. Read more…
