Nio said it and JAC, Chery will carry out deep strategic cooperation in battery standards, battery swap technology, battery swap service network construction and operation. Read more…
Author: cnevpost
China EV battery installations in Dec: CATL share at 44.48%, BYD at 22.95%
CATL and BYD both saw their share of the Chinese power battery market increase slightly in December. Read more…
Nio signs battery swap tie-up agreements with JAC and Chery, report says
Nio has also signed strategic cooperation agreements with two state-owned groups in Anhui province for energy storage, charging, and battery swap system construction. Read more…
China sells 1.2 million NEVs in Dec, nears 10 million for full year 2023, CAAM data show
China’s total vehicle sales in 2023 stood at 30,094,000 units, the first time it has surpassed the 30 million mark, with NEVs contributing 31.6 percent. Read more…
BYD’s 1st car carrier goes into service
The vessel, named BYD Explorer No.1, was chartered to BYD by the ship owner and will sail to Europe after loading vehicles. Read more…
Leapmotor begins C10 pre-sales in China, starting at $21,170
The Leapmotor C10 is available in both EREV and BEV versions, with pre-sale prices roughly half that of Li Auto’s Li L7 EREV. Read more…
Automakers’ NEV market share in China in 2023: BYD 35%, Tesla 7.8%, Nio 2.1%
BYD ranks No. 1, Tesla No. 2, and Nio No. 9 in terms of NEV market share in China in 2023. Read more…
Xiaomi EV rules out EREV models in coming years
“There is no SU5 at the moment, and no EREVs in the coming years,” Xiaomi EV said. Read more…
BYD Yangwang reveals 1st sedan U7, to be priced around RMB 1 million
Yangwang U7 will have more than 1,000 horsepower and will push the limits of sedan performance, Yangwang said. Read more…
Tesla Dec sales in China: Model 3 at 15,750, Model Y at 60,055
For the full year 2023, Model Y retail sales in China were up 44.74 percent year-on-year to 456,394 units, while Model 3 sales were up 18.33 percent year-on-year to 147,270 units. Read more…
Nio Dec deliveries breakdown: ES6 at 6,943, ET5 Touring at 3,331
Except for the flagship SUV ES8, all other Nio models saw deliveries increase in December compared to November. Read more…
BofA downgrades rating on Nio to Neutral from Buy
Nio has no new models in the first three quarters of 2024, sales growth is likely to be low, and it may need to offer price discounts for its existing models amid stiff competition, BofA said. Read more…
Zeekr rolls out 2024 Zeekr X, 9 months after initial launch
The 2024 Zeekr X eliminates the previous, lower-priced entry-level version and retains the other two versions, but at reduced prices. Read more…
Full text: Nio CEO William Li’s 1st letter to employees in 2024
In the letter, Li laid out his views on the competition in the EV industry in 2024, as well as Nio’s priorities. Read more…
Chinese EV tech firm U Power unveils skateboard chassis that can help automakers accelerate EV making
U Power said its UP Super Board can cut development time by at least six months, ultimately reducing the cost and time to market of EV products. Read more…
DeepRoute to fit its autonomous driving solution that doesn’t rely on HD maps into consumer cars in 2024
DeepRoute and Tencent have partnered in the mapping space to create smart driving cars that don’t come with HD maps. Read more…
Nio Alps’ 1st model to be SUV, deliveries to begin in H2, report says
Alps is targeting the family car market priced between RMB 200,000 ($28,000) and RMB 300,000, according to local media. Read more…
Tesla sells 75,805 cars in China in Dec, exports 18,334 from Shanghai plant
In the fourth quarter, Tesla sold 169,935 vehicles in China, accounting for 35 percent of its global deliveries of 484,507 vehicles. Read more…
Nio needs to put every penny of investor and shareholder money to good use, says William Li
Nio needs to continue to improve its financial performance to support the company’s sustainable growth, and has a responsibility and obligation to put every penny of investor and shareholder money to good use, Li said. Read more…
China’s NEV retail reaches record 945,000 in Dec, 7.74 million for full year 2023
For the full year 2023, China’s NEV penetration at retail was 35.7 percent, up 8.1 percentage points from 2022. Read more…
