The Changsha plant is GAC Aion’s third, and its other two plants have a combined annual capacity of 400,000 vehicles. Read more…
Author: cnevpost
Avatr unveils extended-range system to capitalize on hybrid preference and boost sales
Avatr has unveiled an extended-range system called Kunlun, which will first be used in the Avatr 07 SUV. Read more…
Zeekr sees Q2 revenue up 36% from Q1, gross margin rises to 17.2%
Zeekr reported gross margins of 17.2 percent in the second quarter, compared to 12.3 percent in the second quarter of 2023 and 11.8 percent in the first quarter of 2024. Read more…
Zeekr gets L3 autonomous driving test permit in Hangzhou after Shanghai
Zeekr has been awarded an L3 autonomous driving test permit in Hangzhou, and will be able to test the L3 capabilities of its SEA Intelligent Driving system on the city’s highways and urban expressways. Read more…
SAIC to integrate IM Motors and Rising Auto’s R&D teams to reduce costs, report says
The R&D teams of IM Motors and Rising Auto, and power battery, smart driving, and chassis technology programs, will be relocated to SAIC’s R&D innovation headquarters, according to local media. Read more…
BYD Denza starts Z9GT pre-sales: Built on powerful e3 tech, starting at $47,620
The Z9GT will officially go on sale and begin deliveries in September, and its powerful performance and lower-than-expected prices mean Denza has high hopes for its sales. Read more…
EU unveils new proposed tariffs for EVs from China, 9% for Tesla
BYD, Geely, and SAIC all face slightly lower tariff rates than previously, while Tesla’s 9 percent is well below the 20.8 percent indicated last month. Read more…
Xpeng sees gross margin improve further in Q2, net loss narrows
Xpeng reported revenues largely in line with expectations in the second quarter, with gross margin increasing sequentially for the fourth consecutive quarter and net loss narrowing slightly from the first quarter. Read more…
Avatr signs deal to become 2nd-largest shareholder in Huawei’s auto unit Newcool
Newcool’s business scope will cover full-stack solutions for smart cars and is expected to grow into China’s largest smart car solution provider, analysts said. Read more…
Nio Power Up 2024 event: Live updates
Nio Power will build a new battery swap station manufacturing center in Wuhan, targeting an annual capacity of over 1,000 battery swap stations. Read more…
China EV insurance registrations for week ending Aug 18: Nio 3,300, Tesla 14,300, Xiaomi 2,600, BYD 78,500
Li Auto had 10,700 insurance registrations last week, Xpeng 2,300 and Zeekr 3,500. Read more…
BYD enters Pakistan with 3 models, considers local plant
BYD has launched the Atto 3, Seal EV, and Sealion 6 in Pakistan and said it may open an NEV assembly plant in Karachi. Read more…
Xpeng Mona M03 launch event to begin at 7 pm Beijing Time on Aug 27
The Xpeng Mona M03 will have a starting price of no more than RMB 135,900 ($19,030), according to a previous poster from the company. Read more…
BYD launches 2025 Song Plus EV with unchanged starting price and upgraded features
The starting price of the 2025 Song Plus EV remains unchanged at RMB 149,800 ($20,980), but the top-trim variant is priced 7.38 percent lower. Read more…
Avatr to acquire 10% stake in Huawei’s parts unit Newcool for $1.6 billion
After the transaction, Avatr will hold a 10 percent stake in Newcool, while Huawei will hold 90 percent. Read more…
Nio renames Power Day to Power UP, 2024 event to be held on Aug 20
Power UP 2024 will be held on August 20 in Wuhan, Hubei, central China. For the past three years, Nio had held the Nio Power Day events in the summer of each year. Read more…
BYD’s auto insurance unit posts net income of $850,000 in Q2
BYD set up its own auto insurance business through an acquisition, which began operations in May this year. Read more…
Nio opens UAE website and X account as market entry nears
“We are committed to fostering a growing community in the UAE and building strong networks to provide the best possible experience for NIO users,” the company wrote on its UAE website page. Read more…
BYD opens 1st store in Sri Lanka, brings in new model
BYD has launched the Sealion 6 in Sri Lanka, its fourth model there after the Dolphin, Seal, and Atto 3. Read more…
Chinese lithium producer Ganfeng plans $500 million battery plant in Turkey
Ganfeng plans to set up a joint venture in Turkey, which plans to invest $500 million to build a lithium battery project with an annual capacity of 5 GWh in Turkey. Read more…
