Lithium carbonate prices are expected to still have room to fall, with the supply-demand balance point expected to occur by the end of 2024 or 2025, an expert said. Read more…
Author: cnevpost
Great Wall Motor to enter more European countries, plans to build local R&D center, report says
After Germany and the UK, Great Wall Motor plans to expand its presence in Europe to eight additional countries including Italy and Spain, according to local media. Read more…
China state paper article says it’s unwise to ‘blindly downplay’ battery swap model
As NEV ownership rises rapidly, battery swap may be the way to go when the load of residential charging struggles to meet demand, said an opinion piece in Economic Daily. Read more…
Changan, Huawei sign MoU to set up JV that aims to be world’s leading parts supplier
Huawei will set up a company engaged in the R&D and production of smart driving systems and components, in which Changan plans to acquire no more than a 40 percent stake. Read more…
Neta enters Costa Rica’s auto market, aims to reach 100,000 overseas sales in coming year
Neta plans to expand its global network coverage to 50 countries and reach 500 overseas sales and service outlets by 2024. Read more…
CPCA expects China’s NEV retail sales at 820,000 in Nov, up 3.6% from Oct
China’s retail penetration of NEVs in November is expected to be around 39.4 percent, up from 37.8 percent in October. Read more…
BYD sees 6 millionth NEV roll off production line
That 6 millionth BYD NEV is the Bao 5, the first model from sub-brand Fangchengbao, whose first delivery took place yesterday. Read more…
BYD Fang Cheng Bao starts delivering its 1st model Bao 5
Fang Cheng Bao delivered the first Bao 5 vehicles to their owners today, one day ahead of the original schedule. Read more…
Tesla moving forward with bringing FSD to China
Tesla is moving forward with making FSD available in China, but there’s no exact information as to when that will happen, local media quoted a company insider as saying. Read more…
Geely’s Radar brand launches electric pickup RD6 in Laos
Radar is accelerating its entry into overseas markets and is expected to be available in more than a dozen countries by January 2024. Read more…
VW starts pre-sales of ID.7 Vizzion electric sedan in China for $33,230
The Volkswagen ID.7 Vizzion’s main competitors in China will be models including the Tesla Model 3 and BYD Han EV, with a price tag in between. Read more…
China’s NEV retail sales in Nov 1-19 at 402,000, up 2% from same period last month
Retail penetration of NEVs in China was 41.3 percent in the November 1-19 period, and 34.8 percent year-to-date. Read more…
Pony gets nod to start autonomous truck formation driving tests in Guangzhou
Pony.ai’s autonomous truck formation is led by an autonomous truck that leads the way for multiple L4 autonomous trucks. Read more…
William Li touches on Nio’s strategy, views on competition, and more in internal remarks
Nio previously did its strategic planning based on a five-year length of time, but now that the market is changing so fast, the company has shifted to developing 2-year strategies, William Li said. Read more…
Zeekr reportedly to start mass production of new SUV to take on Tesla Model Y in late 2024
Zeekr is shifting its strategy from targeting niche markets to aiming at the mass market with a mainstream SUV to follow the Zeekr 007 sedan, according to local media. Read more…
Lady ordered to apologize to Tesla in ‘brake failure’ case
One of the core members of the April 2021 Shanghai auto show drama has been ordered to publicly apologize and pay damages to Tesla in a first-instance verdict. Read more…
BYD launches Atto 3 in Philippines
The Atto 3 — BYD’s first global model — continues to sell well in regions including Thailand, Singapore, New Zealand, and Brazil, the company previously said. Read more…
Nio plans MPV model based on its 3rd-gen technology platform
Nio has an MPV model planned for its third-generation NT 3.0 platform, but the launch won’t be anytime soon, the company’s management said in a user communication. Read more…
Nio says next-gen battery packs for mass market will be what it will share
Nio’s shared battery packs will be the next generation of mass-market battery packs that support ultra-fast charging, and the battery swap experience for Nio customers will only get better, William Li said. Read more…
Li Auto ramps up chip R&D efforts, working on SiC and smart driving chips, report says
Li Auto is ramping up its efforts to develop chips in-house, working on both an AI inference chip for smart driving scenarios, and a SiC power chip for driving motor controllers, according to local media. Read more…
