With full control over all core processes of vehicle production, Nio will be able to improve its manufacturing efficiency and have more leverage in the fierce competition. Read more…
Author: cnevpost
BYD chairman proposes RMB 200 million in share buybacks
The proposal is based on Wang Chuanfu’s confidence in China’s NEV industry and the company’s prospects, as well as his recognition of BYD’s value to boost investor confidence, BYD said. Read more…
Nio Day 2023 to be held on Dec 23 in northwest Chinese city Xi’an
Nio Q3 earnings: Deutsche Bank’s 1st look
Nio reported third-quarter results that were results largely as previewed and gave a better-than-feared outlook for the fourth quarter, said Edison Yu’s team. Read more…
Nio Q3 earnings call: Live updates
Nio Day 2023 will be held on December 23 in Xi’an, Shaanxi province, Northwest China, where Nio will unveil a new flagship model. Read more…
Nio posts Q3 revenue of $2.6 billion, up 117.36% from Q2
This article is being updated, please refresh later for more content. Read more…
BREAKING: Nio buys 2 asset packages sold by JAC for $442 million
This article is being updated, please refresh later for more content. Read more…
Huawei-backed Luxeed to launch 2nd model in H2 2024 to take on Tesla Model Y, report says
Luxeed launched its first model, the Luxeed S7, on November 28 as a direct competitor to the Tesla Model 3. Read more…
China EV insurance registrations for week ending Dec 3: Nio 3,700, Xpeng 4,800, Li Auto 9,600, Tesla 17,600
For the week of November 27 to December 3, BYD’s vehicle insurance registrations in China were 56,200 units. Read more…
GAC Aion enters Cambodian auto market with launch of Aion Y Plus
GAC Aion has entered the Cambodian automotive market in partnership with a local dealer, its second international market entry after Thailand. Read more…
Some battery makers in China to be forced to cut or halt production due to lack of orders, says TrendForce
As demand in the power and energy storage battery markets cools, cell makers have adjusted their capacity utilization rates downward to reduce inventory. Read more…
China may achieve NEV penetration of over 50% 10 years early, says ex-industry minister
In October, China’s NEV penetration at retail stood at 37.8 percent, up 7.6 percentage points from 30.2 percent a year earlier. Read more…
Xiaomi has reportedly planned 2 additional models, including 1 hybrid
The strategy of having a hybrid model as the third product is more of a practical move by Xiaomi to boost sales faster, local media said. Read more…
China’s Nov NEV wholesale sales hit record 940,000 units, CPCA estimates show
China’s November wholesale sales of passenger NEVs are estimated at 940,000 units, up 29 percent year-on-year and up 6 percent from October, the CPCA said. Read more…
Tesla sells 82,432 China-made vehicles in Nov, up 14.31% from Oct
This article is being updated, please refresh later for more content. Read more…
BYD’s car carrier completes 1st trial voyage
BYD’s roll-on/roll-off car carrier Explorer 1 has completed its first 7-day sea trial in Yantai, Shandong province. Read more…
Nio exec hints at new model for Nio Day 2023
Nio’s annual event, Nio Day, is expected to take place at the end of this month. Read more…
BREAKING: Nio gets independent car production qualification, govt doc shows
This article is being updated, please refresh later for more content. Read more…
Nio rumored to announce deal to buy JAC’s factory assets soon
As JAC’s deal to sell its factory assets comes to a deadline, rumors that Nio will buy them and announce its own car-making qualifications are circulating widely on Chinese social media. Read more…
BYD Nov sales breakdown: Song remains best seller, Yangwang and Fang Cheng Bao start to contribute
The Yangwang brand sold 408 vehicles in November, while Fang Cheng Bao sold 626 vehicles. Read more…
