The right-hand drive version of the Zeekr X is expected to be available in markets including Thailand, Singapore, Hong Kong and Macau starting in the third quarter. Read more…
Author: cnevpost
Gotion to build $1.3 billion EV battery plant in Morocco
The Moroccan government signed an investment agreement with Gotion for the gigafactory with initial battery capacity of 20 GWh. Read more…
Tesla sees wait times for all Model 3 and Model Y variants reduced to 1-6 weeks in China
The last time a Tesla model’s delivery wait time in China was reduced to as low as 1 week was on December 26, 2022. Read more…
Xiaomi EV hiring more workers as it looks to boost production capacity
Workers at the Xiaomi EV factory work 10-11 hours a day, six days a week, according to local media. Read more…
Nio Power, GAC Energy achieve charging network sharing
Nio and GAC Group’s energy units have entered into a charging network sharing partnership, the first substantial development in the collaboration between the two carmakers that was agreed a month ago. Read more…
IM Motors to launch 1st EREV model in Q1 2025 to take on Li Auto’s Li L7, report says
IM Motors’ first EREV model will be an SUV, which will be launched in the first quarter of 2025, according to local media. Read more…
Nio Q1 2024 earnings: Deutsche Bank’s 1st look
Nio reports generally solid first-quarter result and provided a better-than-expected second-quarter volume outlook, said Deutsche Bank. Read more…
Nio Q1 2024 earnings call: Live updates
Nio had already exceeded its production capacity with orders in May, and deliveries that month were the capacity cap. Nio is looking to boost capacity by adding some double-shift production. Read more…
Nio’s revenue slips in Q1 as deliveries decline
Nio (NYSE: NIO) reported significantly lower revenue for the first quarter, as it navigated a traditionally weak quarter in a challenging environment. The company reported revenue of RMB 9.91 billion ($1.37 billion) in the first quarter, missing analysts’ expectations of RMB 10.75 billion in a Bloomberg survey, according to its unaudited financial report released today. Read more…
Polestar plugs into Nio’s charging network in China
Polestar now has access to more than 2,200 Nio charging stations, including more than 11,000 charging stalls. Read more…
Nio changes strategy on 3rd brand Firefly, 1st model to debut in China instead of Europe, report says
Firefly’s first model will make its debut in China, possibly at the end of this year, before launching in Europe in the first half of next year, according to local media. Read more…
Xpeng appoints European design veteran who had worked at BYD, Changan as VP of design
Xpeng appointed JuanMa Lopez as vice president of design, saying he will drive the evolution and upgrade of the company’s design style. Read more…
Global EV battery market share in Jan-Apr 2024: CATL 37.7%, BYD 15.4%
CATL continued to be No. 1, but with a slight decrease in share from Jan-March. BYD remained in second place and increased its share. Read more…
Mercedes-Benz to adopt smart driving solution from Chinese startup Momenta, report says
Mercedes-Benz’s all-electric CLA model will be equipped with a high-level intelligent driving solution from Momenta that does not rely on high-definition maps, and will be capable of pilot assisted driving in urban areas, according to local media. Read more…
Nio seeking cost reduction advice from partners
Nio is looking to its partners for cost-cutting advice, saying their expertise and industry experience will be important in meeting its cost-cutting goals. Read more…
Nio’s new orders in May up 37% from Apr, Deutsche Bank survey shows
BYD and Tesla both saw record highs in new orders in China in May, according to Deutsche Bank. Read more…
Nio president confirms construction of F3 plant has begun, says F1, F2 can no longer meet demand
Nio’s F3 plant is located in Hefei’s NeoPark, and with the subsequent launch of new products, the production capacity of the existing 2 factories can no longer meet demand, Qin Lihong said. Read more…
China NEV retail at 790,000 in May, up 17% from Apr, preliminary CPCA data show
China’s NEV penetration at retail stood at 46.88 percent in May and 40.26 percent year-to-date, according to preliminary data from the CPCA. Read more…
BYD’s FinDreams unit to supply battery cells to Tesla’s Shanghai Megafactory
BYD’s battery making unit FinDreams will be Tesla’s new supplier of energy storage cells outside of CATL, securing more than 20 percent of orders for the Megapack product line, according to local media. Read more…
BREAKING: Nio gets regulatory approval to build 3rd plant in China, report says
The new plant will have a capacity of up to 600,000 units per year, which will raise its total capacity to 1 million units, according to Reuters. Read more…
