China’s retail penetration of NEVs stood at 47.51 percent in May 1-26, and 39.93 percent year-to-date. Read more…
Author: cnevpost
Morgan Stanley cautions of possible new price competition following BYD’s launch of 5th-gen DM tech and new models
“While new launches should boost wholesale volume, we would monitor whether it could spark another round of price competition,” Morgan Stanley said. Read more…
China may devote about $830 million to support all-solid-state battery R&D, report says
Six companies, including CATL, BYD, FAW, SAIC, WeLion and Geely, may receive basic government R&D support, according to China Daily. Read more…
BYD launches Qin L, Seal 06 hybrid sedans, both with 5th-gen DM tech
The Seal 06 DM-i and Qin L DM-i are the first two models to feature BYD’s fifth-generation DM technology, both available in five variants and with a price range of RMB 99,800 ($13,770) to RMB 139,800. Read more…
BYD launches 5th-gen DM hybrid tech with lower fuel consumption
BYD’s fifth-generation DM technology allows the vehicle to consume as low as 2.9 liters of fuel per 100 kilometers at low charge, with a combined range of up to 2,100 kilometers. Read more…
China EV insurance registrations for week ending May 26: Nio 5,400, Tesla 13,100, BYD 55,000, Xiaomi 2,700
Xpeng was 1,900 last week, Li Auto 8,600, Zeekr 4,600. Read more…
Neta says Neta L SUV gets over 30,000 orders after 35 days of launch
Deliveries of the Neta L have been delayed as 95 percent of customers opted for the highest priced variant. Read more…
Xpeng Mona’s 1st model spotted without camouflage
Xpeng management said earlier this month that Mona’s first model will be unveiled in June and will go on sale and begin deliveries in the third quarter. Read more…
Nio delivers 200,000th ES6 in China
By the end of April, cumulative deliveries of the ES6 stood at 195,562 vehicles, contributing 39.5 percent of Nio deliveries. Read more…
BYD reaches 100 dealer stores in Brazil
BYD plans to increase the number of its dealer stores in Brazil to 250 by the end of 2024. Read more…
Xiaomi SU7 entry variant gets random CATL, BYD batteries as part of efforts to boost capacity
Xiaomi has added CATL batteries to the standard variant of the SU7 instead of just BYD batteries as it did earlier to boost capacity. Read more…
Tesla lures Chinese customers with free tour of Fremont factory
Chinese customers who complete their vehicle deliveries between May 25 and June 30 will have the chance to win a free tour of Tesla’s Fremont factory in the US. Read more…
CATL, Neta sign 10-year strategic partnership deal
The two companies have agreed to engage in a comprehensive strategic partnership from 2025-2034, with Neta making CATL its preferred partner for vehicle power batteries. Read more…
Tesla cuts Model Y production in Shanghai by at least 20% in Mar-Jun, report says
The production cut is aimed at addressing weakening demand for Tesla’s aged model in China, Reuters said. Read more…
Xpeng replaces sales chief, wholesale approach faces headwinds, report says
Amid Xpeng’s internal concerns and distributor resistance, its wholesale sales model has only been tested on a small scale so far, according to local media. Read more…
BYD to launch 5th-gen DM hybrid tech on May 28
BYD will launch its fifth-generation DM (Dual Mode) hybrid technology on May 28, which is expected to give vehicles a range of up to 2,000 km on a full tank of fuel and a full charge. Read more…
Xiaomi says working on new EV model, current efforts focused on SU7 deliveries
Multiple media reports have previously suggested that Xiaomi’s second model will be an all-electric SUV that will go into production in 2025. Read more…
Nio adds new Nio House in Netherlands, its largest in Europe to date
The Nio House in Amsterdam is Nio’s second in the Netherlands and seventh in Europe. Read more…
Nio plans to continue European expansion despite EU tariff uncertainties
William Li said that Nio plans to continue expanding in Europe despite tariff uncertainties in the European Union, and that many of the complaints raised by the EU do not make sense. Read more…
CPCA expects China’s May NEV retail at 770,000, penetration at record 46.6%
China’s overall passenger vehicle retail sales in May is expected to be around 1.65 million units, down 5.3 percent year-on-year, the CPCA said. Read more…
