Chery’s joint venture plant in Spain saw its first vehicle roll off the assembly line on November 23, the S700 under EV Motors’ Ebro brand. Read more…
Author: cnevpost
2024 Guangzhou auto show ends with NEVs taking center stage
A total of 1,171 vehicles were on display at the 2024 Guangzhou auto show, of which 512 were NEVs, with NEVs on display in almost all booths. Read more…
Nio surpasses 2,700 swap stations in China
Nio today put 10 new battery swap stations into operation in China, bringing the total to 2,702 as it celebrates its 10th anniversary. Read more…
EU official hints at possible change on China EV tariffs
Brussels and Beijing are close to reaching a solution on tariffs on Chinese EV imports into the EU, an EU official said. Read more…
Nio celebrates 10th anniversary with over 620,000 users
Nio, which was founded on November 25, 2014, is starting multi-brand operations, having already launched the Onvo sub-brand and will launch the Firefly brand next month. Read more…
Tesla offers limited-time discount on Model Y in China, extends 5-year, 0-interest financing to Dec 31
Tesla is offering a limited-time discount in China for two less expensive variants of the Model Y, probably because the crossover’s major refresh is not far away. Read more…
Neta begins pre-sales of 2 models in Brazil, pushing ahead with efforts in overseas markets
Neta has begun pre-sales of the Neta Aya and Neta X in Brazil and plans to open more than 10 stores in the country by the first quarter of 2025. Read more…
Nio denies after rumor of acquisition by BYD swirls
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…
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…
