BYD said it expects net income in the first quarter to be between RMB 8.5 billion and RMB 10 billion, an increase of 86.04 percent to 118.88 percent year-on-year. Read more…
Author: cnevpost
Global EV battery market share in Jan-Feb 2025: CATL 38.2%, BYD 16.9%
CATL and BYD’s combined EV battery installed capacity in January-February was 71.5 GWh, accounting for 55.1 percent of the global total.
There are six Chinese companies in the top 10.
Analysts see limited impact of US tariffs on Chinese automakers
In 2024, about 116,000 vehicles were exported from China to the US and were dominated by US-branded models, analysts said.
For Chinese car companies operating in Mexico, the Latin American market is their focus.
BYD enters Switzerland as it continues European expansion
The first BYD models available in Switzerland include two BEVs and a PHEV.
By the end of this year, BYD will have 15 sales points in Switzerland.
CATL in talks to buy controlling stake in Nio Power, report says
CATL made the offer after announcing an investment of up to RMB 2.5 billion in Nio Power in March, according to Reuters.
Nio Power was valued at more than RMB 10 billion in a 2024 funding round.
Nio completes HK$4.03 billion new share offering
Nio completed the offering of 136,800,000 class A ordinary shares at an issue price of HK$29.46 per share.
Nio closed down 14.78 percent to HK$24.50 on the Hong Kong stock market today as the global trade war escalated.
Zeekr to officially launch 007 GT on Apr 15, its 2nd shooting brake model
The Zeekr 007 GT will be available in overseas markets and will be rebranded as the Zeekr 7 GT.
It supports 800 V ultra-fast charging and has a CLTC range of up to 825 km.
Xpeng to debut facelifted X9 MPV on Apr 8
The X9 MPV is Xpeng’s highest-priced model, and the 2025 update will bring comfort improvements.
The X9 delivered 21,653 units in 2024, contributing 11.39 percent of Xpeng’s annual deliveries.
HK EV stocks plunge as global trade war escalates
As of press time, BYD was down 11.15 percent, Nio 11.30 percent, Xpeng 11.40 percent and Li Auto 10.82 percent.
Trump announced worse-than-expected reciprocal tariffs, and China swiftly responded.
BYD to officially launch 5-minute charging Han L sedan, Tang L SUV on Apr 9
The Han L and Tang L support a 10C charging multiplier that enables charging as fast as refueling a gasoline vehicle.
The pre-sales starting price is RMB 270,000 ($37,080) for the Han L EV and RMB 280,000 for the Tang L EV.
China NEV retail at 988,000 in Mar, up 44% from Feb, preliminary CPCA data show
China’s retail penetration of NEVs was 52.3 percent in March and 47.67 percent year-to-date.
Wholesale sales of Chinese passenger NEVs were 1.13 million units in March, up 40 percent year-on-year and up 36 percent from February.
BYD plans to double its sales network in South Korea to 30 this year
BYD will increase its sales network in South Korea from 15 to 30 by the end of this year.
BYD introduced its Seal midsize sedan at a South Korean auto show.
Xpeng inks distributor deal to enter Bahrain
Xpeng will launch the G6 SUV, G9 SUV, and X9 MPV in Bahrain in the second half of this year.
It plans to complete full coverage of the six Gulf countries of the UAE, Qatar, Saudi Arabia, Kuwait, Oman, and Bahrain in 2025.
BYD to overtake Tesla as global BEV leader for 1st time in 2025, says Counterpoint
Counterpoint highlighted BYD’s tech leadership, vertically integrated production model, and the fact that Tesla is facing multiple challenges.
BYD’s passenger BEV sales have outpaced Tesla’s for two consecutive quarters.
BYD Xi’an, BYD’s newest car carrier, launched
BYD Xi’an, BYD’s sixth car carrier, was officially launched on April 2.
BYD Shenzhen, which can carry 9,200 cars, will soon make its maiden voyage.
Onvo L90 completes winter testing as debut nears
A video and some pictures show more details of the L90 — the second model of Nio’s sub-brand Onvo.
The Onvo L90 will make its debut at the Shanghai auto show later this month, targeting large families.
China Mar NEV wholesale at 1.14 million, up 37% from Feb, CPCA estimates show
In February, China’s passenger NEV wholesale sales were estimated at 1.14 million units, up 37 percent year-on-year and up 37 percent from February.
In the first quarter, China’s passenger NEV wholesale sales were estimated at 2.86 million units, up 43 percent year-on-year.
Tesla posts weaker-than-expected Q1 global deliveries of 336,681 units
Tesla reported first-quarter global deliveries of 336,681 units, missing Wall Street analysts’ expectations of 390,343 units and down 13 percent from a year earlier. Read more…
Tesla China sells 78,828 cars in Mar, up 156.87% from Feb
Tesla China’s March sales were down 11.49 percent from 89,064 in the same month last year.
In the first quarter, Tesla China sold 172,754 vehicles, a 21.79 percent decrease year-on-year and a 28.29 percent decrease from the fourth quarter.
BYD Mar sales breakdown: Song 96,087 units, Qin 58,383
Song, Qin and Seal are the top three BYD lineups in terms of sales in March.
Outside the BYD brand, Denza sold 9,326 units in March, Fang Cheng Bao 8,051 units and Yangwang 133 units.
