In the January-February period, Tesla’s retail sales in China amounted to 70,022 units, up 15.23 percent year-on-year. Read more…
Author: cnevpost
Nio says NOP+ assisted driving feature coverage expands to 726 cities
To date, NOP+ has completed more than 1 million kilometers of road verification, Nio said. Read more…
Neta expects its Indonesian plant to see 1st car off line on Apr 30
Neta has already started production at its factory in Thailand and is building its third overseas plant in Malaysia. Read more…
Polestar cuts Polestar 4’s price in China by $8,340, but only for 100 units
In addition to the limited-time discount, Polestar is also offering other limited-time benefits for the Polestar 4 including free upgrades to the smart driving suite. Read more…
Xpeng CEO asks execs to have 5,000 km of hands-on experience before flying cars go on sale
Xpeng’s CEO believes the low-altitude economy will begin to make inroads into people’s lives next year and the year after that, and will see it grow larger and larger over the next 5 to 20 years. Read more…
Li Auto to launch all-electric SUV Li M6 to take on Tesla Model Y, report says
Li Auto is expected to start delivering the Li M6 BEV in March 2025, with a delivery target of 200,000 units in the first year of launch, according to local media. Read more…
Neta to start deliveries of new SUV Neta L in Apr
The Neta L will be available in EREV and BEV versions and will feature CATL’s ultra-fast charging-enabled Shenxing Battery. Read more…
BYD Denza reveals strong D9 MPV orders while Li Auto silent on Li Mega
Denza said the 2024 D9 received 11,287 firm orders in the first 12 hours after its launch. Li Auto, on the other hand, has not announced orders for the Li Mega, and its shares have been down about 18 percent since the MPV’s launch. Read more…
Leapmotor’s JV with Stellantis gets approval from Chinese regulator, report says
A Chinese regulator has given its approval for Leapmotor’s joint venture with Stellantis, with the deal still awaiting regulatory approval in other markets, according to Reuters. Read more…
BYD’s Denza brand launches updated D9 MPV with lower starting price
The Denza D9 MPV continues to be offered in hybrid and pure electric versions, with starting prices lowered by RMB 10,000 and RMB 16,000, respectively. Read more…
Xpeng reportedly asks dealers to stock up on inventory as it begins to rely more on traditional sales model
Xpeng is asking dealers to purchase vehicles for half of their target sales each month, rather than requiring them to purchase the entirety of their target sales as traditional brands do, according to local media. Read more…
China’s Feb NEV retail sales down 41% MoM to 401,000, preliminary CPCA data show
In February, China’s retail sales of all passenger vehicles totaled 1.092 million units, down 21 percent year-on-year and down 47 percent from January. Read more…
BYD to buy back RMB 400 million of shares in China’s A-share market
The number of shares BYD plans to buy back is about 0.05 percent of its total issued share capital and will be used for cancellation to reduce registered capital. Read more…
BYD starts construction of production complex in Brazil
BYD’s Brazilian production base complex will start production in late 2024 to early 2025, with an expected annual capacity of 150,000 vehicles per year in the first phase. Read more…
Xiaomi expected to officially launch SU7 at end of Mar, report says
Xiaomi EV is expected to officially launch its first EV model, the SU7, at the end of this month, with deliveries set to begin soon after that, according to local media. Read more…
Global EV battery market share in Jan 2024: CATL 39.7%, BYD 14.4%
CATL’s battery installations in January were 20.5 GWh, up 88.1 percent year-on-year, while BYD’s were 7.4 GWh, up 34.4 percent year-on-year. Read more…
BYD refreshes its cheapest model Seagull, lowering prices further
BYD has launched an updated version of the Seagull, lowering the starting price to RMB 69,800, or about $9,700. Read more…
Nio to put 150-kWh semi-solid-state battery pack into service in Q2
This is the largest-capacity battery pack mass-produced in the Chinese passenger car market, and Nio models equipped with the pack have a range of up to 1,055 km, Nio said. Read more…
Nio Q4 earnings: Deutsche Bank’s 1st look
Nio reported mixed fourth-quarter results while providing a better than feared first-quarter outlook, said Deutsche Bank. Read more…
