Nio still needs to get its strategic direction sorted out before it can expect to turn profitable in the foreseeable future, particularly for its second brand, Alps, analysts at CMB International said. Read more…
Author: cnevpost
Nio App resumes showing wait times, most models 2-4 weeks
ET5 Touring, ES6, EC6, EC7, ES8 all have wait times of 2-4 weeks, while the ET5 has 9-11 weeks and the ES7 11-13 weeks. Read more…
Xpeng announces dealer partnerships in 5 overseas markets, local deliveries to begin in Q2
Xpeng established dealer partnerships in the UAE, Egypt, Azerbaijan, Jordan and Lebanon, with plans to expand to other European markets including Germany, the UK, Italy and France this year. Read more…
Nio starts taking orders for 2024 models: Prices unchanged, deliveries of 5 models to start in Mar
Deliveries of the new ES8, EC7, ES6, EC6, and ET5 Touring will begin in March, the ET5 in April, and the ES7 in May. Read more…
Great Wall-backed autonomous driving startup Haomo raises over RMB 100 million in new funding round
Haomo’s new funding is the first in the autonomous driving space after China’s Lunar New Year holiday, and one of the few large amounts raised in the space during the capital winter of the past couple of years. Read more…
Li Auto CEO calls on China to establish mechanism to facilitate M&As between automakers
Li Auto CEO calls on China’s policy makers to establish a mechanism to facilitate mergers and acquisitions between auto companies, amid widespread discussions over HiPhi’s production halt. Read more…
BYD’s battery unit FinDreams to supply blade battery cells to US parts supplier BorgWarner
FinDreams’ cells will be used in BorgWarner’s LFP battery packs for commercial vehicles in Europe, the Americas and selected parts of Asia-Pacific. Read more…
Zeekr to launch updated 001 on Feb 27; Zeekr 007 sees 10,000th car roll off line
The Zeekr 001, Zeekr’s first model, was launched on April 17, 2021 and has been the company’s main seller. Read more…
China’s NEV retail at 165,000 in Feb 1-17, down 44% from same period last month
China’s NEV sales declined significantly in the first three weeks of February, mainly due to the Chinese New Year holiday. Read more…
Lotus Tech to begin trading on Nasdaq on Feb 23
Lotus Technology’s business combination with a SPAC is expected to close on February 22 and will trade under the ticker symbol “LOT”. Read more…
Buick launches updated Electra E4 in China with $4,180 lower starting price
Buick has become the latest to join the price war, with significant price cuts for all four trims of the Electra E4. Read more…
Li Auto owners drive 74.73 million km with assisted driving in Chinese New Year break
From February 8-17, Li Auto owners drove 74.73 million kilometers with the AD assisted driving system turned on, including 49.54 million km of NOA mileage. Read more…
Nio Firefly: Spy shots of suspected debut model revealed for 1st time
Although the car is tightly wrapped in camouflage, it can be seen looking similar to the Zeekr X or Volkswagen’s ID.3. Read more…
Nio’s busiest swap station offers 195 services in 1 day during Chinese New Year holiday travel rush
Nio’s battery swap stations provided a total of 871,477 services from February 8-18, with a peak of 90,199 services in a single day. Read more…
Changan’s NEV arm Deepal launches updated SL03 BEV with lower starting price
Deepal has lowered the starting price of the SL03 BEV by RMB 7,000 and is offering customers an additional RMB 10,000 cash discount. Read more…
BYD to launch refreshed Dolphin on Feb 23, may continue its push for lower prices
BYD yesterday launched lower-priced updated versions of its two budget sedans, triggering several local peers to follow suit with price cuts. Read more…
China EV insurance registrations in Feb 5-18: Nio 1,500, Xpeng 1,000, Li Auto 7,000, Tesla 8,200
Insurance registrations for major EV makers in China have dropped significantly over the past two weeks as people celebrate the traditional Chinese New Year holiday. Read more…
BYD poised to challenge Tesla for BEV sales crown in 2024, TrendForce says
Tesla continues to lead the BEV rankings in 2023 with a 19.9 percent market share, followed by BYD with 17.1 percent. Read more…
Chinese New Year holiday travel report: Here are BYD and Tesla’s stats
BYD owners drove a cumulative total of about 3.76 billion kilometers from February 10-17, and Tesla owners in China drove more than 700 million kilometers, according to their numbers. Read more…
Battery maker Gotion plans to set up low-carbon tech institute in HK
Gotion plans to set up the institute with Hong Kong-listed Envision to conduct research on battery energy storage system technologies and business models. Read more…
