A Nio executive has denied a rumor that the company will be acquired by BYD, after the fake information circulated widely on social media. Read more…
Author: cnevpost
Huawei, JAC joint brand Maextro names 1st model S800, to debut on Nov 26
The Maextro S800 is expected to target the luxury executive sedan market, with potential rivals set to include the Mercedes-Benz S-Class, BMW 7 Series, Audi A8, and Nio ET9. Read more…
Xiaomi’s 2nd EV model could be launched in Q1 2025, report says
Xiaomi’s second EV model is scheduled to hit the market in February or March next year, internally codenamed MX11, and will compete directly with the Tesla Model Y, according to local media. Read more…
CPCA expects China Nov NEV retail at 1.28 million, above 1 million for 4th consecutive month
China’s NEV penetration at retail is expected to be 53.3 percent in November, up from 52.9 percent in October. Read more…
Dongfeng’s electric off-road brand M-Hero makes foray into UAE
With the support of its partners, M-Hero’s M-917 has already entered 40 countries and regions worldwide. Read more…
Great Wall Motor to adopt Huawei’s driver assist system, report says
Great Wall Motor will become the latest to adopt Huawei’s smart driving system after BYD, and its first model to feature the system will be the Tank 700 Hi4-T off-road SUV, according to local media. Read more…
Deutsche Bank expects Nio brand to sell 223,000 cars in 2025, Onvo 219,000, Firefly 8,000
Deutsche Bank raised its sales forecast for Nio Inc in 2025, using the same 450,000 full-year 2025 sales assumption as the company’s guidance. Read more…
Nio officially unveils 3rd brand Firefly, debut model to begin deliveries in H1 2025
Firefly is positioned in the boutique compact car market and leverages existing sales channels to drive growth, Nio said in a statement. Read more…
Nio Q3 earnings call: Sales and profitability targets, new model plans, and more
Nio is confident of doubling sales next year and aims to be profitable by 2026. The third brand is officially named Firefly and its first model will begin deliveries in the first half of 2025. Read more…
Nio posts lower-than-expected Q3 revenue, gross margin improves
Nio’s net loss was essentially flat in the third quarter compared to the second quarter, and gross margins improved to 10.7 percent. Read more…
China NEV retail at 581,000 in Nov 1-17, up 7% from same period last month
Retail sales of all passenger cars in China totaled 1.11 million units in the November 1-17 period, up 30 percent from a year earlier and up 3 percent from a month earlier. Read more…
China to have 3.6 million public chargers by end of 2024, nearly 70% of global total, says TrendForce
Global public EV charging pile deployment is constrained by land availability and grid planning, coupled with slowing NEV market growth, TrendForce said. Read more…
China BEV export growth to slow this year on EU tariffs and lower demand, says Canalys
China’s export growth for BEVs is expected to slow to 9 percent this year, with its contribution to passenger car exports falling to 19.0 percent in 2024 from 22.5 percent in 2023, Canalys said. Read more…
CATL in talks to set up battery recycling operations in Europe
CATL is in talks to set up a battery recycling business in Europe, discussing possible plant sites with European governments including Hungary, according to Bloomberg. Read more…
Huawei’s HIMA unit to double model offerings in 2025 with Aito M8 to rival Li L9, report says
HIMA’s available models will exceed 10 next year, and one of the key models will be the Aito M8, which will compete with Li Auto’s Li L9. Read more…
China starts pilot transportation of EV batteries by rail with participation of CATL, BYD
Currently 90 percent of China’s power batteries are transported by road, and rail transportation is expected to reduce costs and improve efficiency. Read more…
Xpeng posts 25% revenue growth in Q3 over Q2, gross margin hits record high of 15.3%
Xpeng reported a record gross margin of 15.3 percent in the third quarter, compared to negative 2.7 percent in the same period in 2023 and 14.0 percent in the second quarter of 2024. Read more…
BYD reportedly developing its own smart driving chip
BYD is developing a smart driving chip with a computing power of 80 TOPS that will be used in the company’s models priced between RMB 80,000 ($11,060) and RMB 300,000, according to local media. Read more…
China EV insurance registrations for week ending Nov 17: Nio 3,800, Tesla 17,100, Xiaomi 5,700, BYD 94,700
Li Auto had 12,300 insurance registrations last week, Xpeng 6,300, Zeekr 6,000, Leapmotor 8,500 and Aito 7,200. Read more…
Wuling to build logistics cars based on CATL’s battery swap solution
SAIC-GM-Wuling has entered into a partnership with CATL to use the latter’s Choco-SEB battery swap solution in the logistics vehicle segment. Read more…
