Xiaomi EV will challenge a delivery target of 120,000 units for the full year 2024, according to local media. This represents a 20 percent increase from the previous target of 100,000 units. Read more…
Author: cnevpost
Xiaomi says its smart driving team exceeds 1,000 people
Xiaomi’s smart driving team has now surpassed 1,000 people, with plans to add an extra 500 by the end of the year, Xiaomi EV said. Read more…
Tesla begins construction of Shanghai Megafactory
Tesla’s Shanghai Megafactory is expected to go into production in the first quarter of 2025, with Megapack production of up to 10,000 units per year and nearly 40 GWh of energy storage, Tom Zhu said. Read more…
Xiaomi EV ups bet on smart driving with new top talent
Wang Naiyan, former China CTO of autonomous driving tech firm TuSimple, will join Xiaomi EV, according to local media. Read more…
Nio to report Q1 2024 earnings on Jun 6
Nio delivered 30,053 vehicles in the first quarter, hitting its lowered guidance of about 30,000. Read more…
China NEV retail at 412,000 in May 1-19, up 10% from same period last month
China’s retail penetration of NEVs stood at 45.78 percent in the May 1-19 period, and 39.4 percent year-to-date. Read more…
CATL makes overseas expansion top priority as domestic competition intensifies
CATL’s efforts to expand overseas markets are now being personally led by its chairman, and the company will add two additional overseas plants to the six it has previously disclosed, according to local media. Read more…
Nio signs partnership memo with Hungarian university to enhance local engagement
Nio said it hopes to use the partnership to promote exchanges with local young scholars, apply for European research programs, and conduct joint product development and testing. Read more…
William Li confirms Nio’s partnership with China FAW on battery swap
China FAW becomes the seventh to join the Nio-led battery swap alliance after GAC Group, Changan Automobile, Geely Holding, Chery, JAC and Lotus. Read more…
Xpeng Q1 2024 earnings: Deutsche Bank’s 1st look
“XPeng delivered 1Q24 earnings upside driven by earlier-than-expected recognition of high-margin VW tech and service revenue; 2Q24 volume outlook also came in better than feared,” Deutsche Bank said. Read more…
Xpeng Q1 2024 earnings call: Live updates
Xpeng’s gross margin rose to 12.9 percent in the first quarter, marking a new model for the company, which is generating revenue from technology on top of its EV business, its CEO said. Read more…
Xpeng Q1 revenue falls on delivery slump, gross margin rebounds to over 1-year high
This article is being updated, please refresh later for more content. Read more…
China EV insurance registrations for week ending May 19: Nio 4,400, Tesla 13,900, BYD 53,600, Xiaomi 2,000
Xpeng had 2,000 registrations last week, Li Auto 7,800 and Huawei-backed Aito 6,600. Read more…
Huawei’s car business turns profitable in Q1, exec says
Huawei’s automotive business has already turned profitable as sales explode, especially for the Aito brand, an executive said. Read more…
Li Auto shares plunge in HK on disappointing earnings, delay of more BEV launches
Li Auto’s BEV endeavors appear to be facing structural challenges as transferring its EREV success to BEV is not so straightforward, Deutsche Bank said. Read more…
Xpeng aims for L4-like smart driving experience in China by 2025, 1st Mona model to debut in Jun
Xpeng will spend RMB 3.5 billion ($480 million) in 2024 on R&D of AI technology around smart driving and recruit 4,000 new professionals. Read more…
Li Auto Q1 2024 earnings: Deutsche Bank’s 1st look
“Li Auto delivered mostly in-line 1Q24 earnings results and 2Q24’s volume outlook bracketed our forecast but pricing pressure appears much worse than anticipated,” said Deutsche Bank. Read more…
Li Auto Q1 2024 earnings call: Live updates
Li Auto had record weekly order growth over the Labor Day holiday in early May, its CEO said. Read more…
Xiaomi CEO visits Nio, checks out Onvo L60
Xiaomi CEO Lei Jun tried to peddle a concept for a unified in-vehicle eco-system in a meeting that included Nio’ William Li and Onvo president Ai Tiecheng. Read more…
