The NEV penetration rate is expected to reach a record 45.5 percent in March as it reversed the pre-holiday slump and rose rapidly, the CPCA said. Read more…

The Yuan Up will be the first A0-class electric SUV in BYD’s all-electric e-Platform 3.0, with a CLTC range of 401 km. Read more…

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A total of 1 GWh of energy storage battery products are expected to be introduced into Japan over the next 2 years, Gotion said. Read more…

Li Auto incorrectly treated a period of commercial validation as a period of rapid growth with the Li Mega, and this strategic miscalculation was the essential reason for the model’s issues, its CEO said. Read more…

Nio began recruiting an additional 20,000 pioneer testers for NOP+, which will be the final user experience event before the feature is pushed out to all car owners. Read more…

Hongqi EH7 is the first model launched by Hongqi New Energy since it became independent in January 2023. Read more…

The re-launched Luxeed S7 will bring new features and will be able to deliver soon after launch, with monthly sales expected to be at around 5,000 units, according to local media. Read more…

This is the latest reduction in Alibaba’s holdings after it sold 25 million of Xpeng’s ADSs last year. An Alibaba executive resigned as a director of Xpeng. Read more…

The standard version of Xiaomi’s SU7 has specs that far exceed those of the Model 3 and has a very high initial sourcing cost, said Lei Jun. Read more…

Zeekr is targeting sales of 230,000 units in 2024 and will launch three new models to cover a wider market. Read more…

China’s NEV retail penetration rebounded to 48.0 percent in the March 1-17 period. Read more…

BYD chairman and president Wang Chuanfu met with Apple’s CEO Tim Cook, who is visiting Shanghai, at Apple’s China headquarters today, according to local media. Read more…

BYD plans to hold a groundbreaking ceremony for a factory in Indonesia this July, a senior local official said. Read more…

Xiaomi has finalized the pricing of the SU7, which has been lowered by RMB 30,000 to RMB 50,000 compared to last year’s expectations, according to local media. Read more…

Polestar vehicles can charge at up to 120 kW at Tesla Supercharger stations, according to the EV maker. Read more…

Hycan, previously known as GAC Nio, has sold fewer than 20,000 vehicles annually for the past two years. Read more…

With the purchase discounts offered by Tesla expiring at the end of the month, the upcoming price hike means that the actual cost of purchasing a Model Y will go up by as much as RMB 23,000, according to local media. Read more…

During next month’s Beijing auto show, Xpeng will officially launch its new brand for the RMB 100,000 to RMB 150,000 segment. Read more…

Xpeng delivered solid fourth-quarter earnings although the guidance came in soft, said Deutsche Bank. Read more…