News aggregator on electric cars and electric vehicles (cars, motorcycles, boats, planes).

GAC Aion’s Hyper brand begins pre-sales of Hyper HT SUV with starting price of $30,080

By cnevpost 10/20/2023 - 01:45 10/20/2023 CnEVPost

The Hyper HT is being offered in four versions in pre-sale, three of which are based on the 800-volt high-voltage platform, with the top-of-the-line version featuring falcon-wing doors similar to those on the Tesla Model X. Read more…

CATL’s net profit slips in Q3 as market share in China goes down

By cnevpost 10/19/2023 - 15:29 10/19/2023 CnEVPost

CATL’s net profit fell 4.3 percent in the third quarter from the second quarter, as its share in China slipped and fell in September to a new low since April last year. Read more…

Changan signs deal to build NEV plant in Thailand

By cnevpost 10/19/2023 - 06:57 10/19/2023 CnEVPost

The Thailand Board of Investment has issued an investment certificate to Changan, which will invest around $240 million in a NEV production plant in Thailand. Read more…

BYD launches Dolphin, Seal and Atto 3 in Hungary

By cnevpost 10/19/2023 - 05:44 10/19/2023 CnEVPost

BYD has entered 19 European countries since announcing its entry into the European passenger car market at the Paris auto show in 2022. Read more…

Tesla starts formal sales of new Model 3 in China: Prices same as in pre-sale, deliveries to start at end of Oct

By cnevpost 10/19/2023 - 03:17 10/19/2023 CnEVPost

Both versions of the new Model 3 now have an estimated wait time of 6-9 weeks in China. Read more…

Neta launches Neta X with prices starting at $17,340

By cnevpost 10/18/2023 - 13:13 10/18/2023 CnEVPost

The Neta X replaces the Neta U-II, with the starting price lowered by RMB 9,000 and a limited time discount of RMB 18,000. Read more…

China’s NEV retail in Oct 1-15 at 294,000, up 8% from same period last month

By cnevpost 10/18/2023 - 10:47 10/18/2023 CnEVPost

So far this year, China’s passenger NEV retail sales amounted to 5,482,000 units, up 34 percent year-on-year. Read more…

Xpeng to hold Tech Day 2023 on Oct 24, will unveil autonomous driving roadmap

By cnevpost 10/18/2023 - 10:14 10/18/2023 CnEVPost

Xpeng said it will unveil its cutting-edge technology roadmap for autonomous driving and mobility ecosystem, including its smart EVs and robotics. Read more…

Nio says its sales model in Europe unchanged, sub-brand Firefly evaluating multiple models

By cnevpost 10/18/2023 - 09:17 10/18/2023 CnEVPost

Nio is committed to a direct sales network in Europe, and the Firefly project is evaluating multiple channel models in Europe, including direct and dealer models, it said. Read more…

Nio considering dealer network in Europe to boost sales, report says

By cnevpost 10/18/2023 - 08:06 10/18/2023 CnEVPost

After Nio’s president said last month that European sales had fallen short of expectations, the company has begun evaluating dealers in key European markets, according to Reuters. Read more…

Morgan Stanley explains why Xpeng shares have been weak recently

By cnevpost 10/18/2023 - 07:28 10/18/2023 CnEVPost

Shares of Xpeng have fallen back to the level prior to the Volkswagen deal, despite improving operations and strategic opportunities, Morgan Stanley noted. Read more…

WM Motor says ‘pre-restructuring’ does not mean bankruptcy, denies founder fled overseas

By cnevpost 10/18/2023 - 06:19 10/18/2023 CnEVPost

WM Motor has denied reports that its founder Freeman Shen has fled to the US, leaving behind nearly RMB 40 billion in investments and debts. Read more…

Li Auto releases more official images of Li Mega

By cnevpost 10/18/2023 - 03:28 10/18/2023 CnEVPost

Li Auto today shared five more images of the Li Mega and hinted that the MPV’s wind resistance will be as low as that of a coupe. Read more…

BYD averages about $1,440 in profit per vehicle in Q3

By cnevpost 10/18/2023 - 02:33 10/18/2023 CnEVPost

BYD’s average profit per vehicle improved by about RMB 2,700 in the third quarter from the second quarter, driven primarily by scale advantage, analysts said. Read more…

Sunwoda’s EV battery business kicks off IPO process in China

By cnevpost 10/18/2023 - 01:35 10/18/2023 CnEVPost

Sunwoda is one of the world’s largest power battery makers, and its EV battery business was valued at RMB 35.56 billion in its last funding round in June. Read more…

BYD expects Q3 net profit to rise as much as 69% from Q2

By cnevpost 10/17/2023 - 11:44 10/17/2023 CnEVPost

BYD expects its net profit for the first three quarters to be RMB 20.5 billion – RMB 22.5 billion, up 120.16 percent – 141.64 percent year-on-year. Read more…

Didi’s autonomous trucking arm KargoBot becomes independent firm

By cnevpost 10/17/2023 - 10:06 10/17/2023 CnEVPost

KargoBot has become an independently operated company and received an investment of over RMB 450 million, according to local media. Read more…

China EV insurance registrations for week ending Oct 15: Li Auto 10,500, Tesla 7,500, Nio 3,500

By cnevpost 10/17/2023 - 05:59 10/17/2023 CnEVPost

As of October 15, Li Auto was at 17,800 so far this month, Tesla at 8,400, Nio at 5,100 and Xpeng at 4,600 units. Read more…

Anhui aims to add about 400% more public chargers in 4 years

By cnevpost 10/17/2023 - 04:32 10/17/2023 CnEVPost

Anhui aims to have more than 500,000 public charging piles and 500 battery swap stations by 2027, which will meet the charging needs of 1 million NEVs. Read more…