From September 1-7, retail sales of all passenger vehicles in China totaled 304,000 units, down 10 percent year-on-year.
The retail penetration rate of NEVs in China was 59.6 percent from September 1-7, and 51.44 percent year-to-date.
Author: cnevpost
China NEV sales rise to nearly 1.4 million in Aug as exports double, CAAM data show
BEV sales in August rose 40.5 percent year-on-year, while PHEV sales grew 7.5 percent.
NEV exports recorded year-on-year growth exceeding 100 percent for the fourth consecutive month.
Xpeng Aeroht gets special flight permit for modular flying car in UAE
Xpeng Aeroht will next conduct manned flight tests across multiple locations in the UAE.
The company plans to complete its inaugural flight in Dubai this October.
GWM’s Wey brand begins pre-sales of Gaoshan 7 MPV starting at $40,700
The Gaoshan 7 MPV pre-sale starts at RMB 289,800 ($40,700), featuring a WLTC battery range of 172 kilometers.
The MPV received 3,756 pre-orders within an hour of the start of its pre-sales.
IM Motors launches updated LS6 SUV, intensifying race in EREV segment
The updated LS6 adds EREV variants to its existing BEV options, featuring a battery range of up to 450 km.
The updated LS6 is the first model to feature IM Motors’ Hengxing EREV system, as competition in the EREV segment intensifies.
Nio shares resume trading in Singapore after brief halt due to $1 billion share offering
As of this writing, Nio shares are down 5.31 percent in Singapore and down 6.85 percent in Hong Kong.
Nio announced yesterday its plan to raise $1 billion through a new share offering, priced at an 11 percent discount to the previous trading day.
BYD execs increase holdings to show confidence in company
BYD executives bought about RMB 52.3 million ($7.3 million) worth of BYD A-shares on the Shenzhen stock exchange this month.
BYD said this action reflects their confidence in the company’s future development and recognition of its value.
Nio prices $1 billion share offering at $5.57 per ADS, 11% discount to previous close
The pricing represents an 11 percent discount to Nio ADS’s closing price of $6.28 on the previous trading day.
Nio will raise $1 billion in the offering. If the underwriters exercise their option, it will raise an additional $150 million.
Nio prices $1 billion share offering at $5.57 per ADS, 11% discount to previous close
The pricing represents an 11 percent discount to Nio ADS’s closing price of $6.28 on the previous trading day.
Nio will raise $1 billion in the offering. If the underwriters exercise their option, it will raise an additional $150 million.
Leapmotor files for Lafa 5 hatchback, more specs revealed
The Lafa 5 only has single-motor variants with a peak power output of 160 kW (215 horsepower).
It utilizes LFP batteries supplied by battery makers including CATL, CALB, Gotion High-tech, and Zenergy.
Xpeng files for hybrid G7 SUV variant with 325 km battery range
The G7 EREV is the second hybrid model Xpeng has filed for, following the EREV variant of the X9 MPV last month.
The G7 EREV features an LFP battery pack from Eve Energy with a capacity of 55.8 kWh.
Xpeng opens Munich R&D center, bolsters European presence
The Munich R&D center is Xpeng’s ninth globally, aimed at directly listening to European voice.
Xpeng aims for overseas markets to contribute half of its sales within the next decade.
Xpeng opens Munich R&D center, bolsters European presence
The Munich R&D center is Xpeng’s ninth globally, aimed at directly listening to European voice.
Xpeng aims for overseas markets to contribute half of its sales within the next decade.
Dreame’s 1st model resembles Bugatti, prototype to debut at next CES
Dreame’s founder led his team to Germany this week to scout factory locations for vehicle production.
Dreame’s inaugural model will be an ultra-luxury pure-electric vehicle benchmarked against the Bugatti Veyron, slated for a 2027 debut.
BREAKING: Nio announces plans to issue new shares for financing
Nio shares halt trading in Singapore pending announcement
Nio shares traded in Singapore have been suspended pending an announcement. Read more…
China launches 3-month campaign to rectify online abuse in auto industry
The campaign will target illegal profiteering, exaggerated and false advertising, and malicious defamation targeting the automotive sector.
The joint statement calls on automakers and online platforms to conduct self-inspections and rectify violations.
BYD reportedly preparing for renewed push in India, eyeing rollout of Atto 2 SUV early next year
BYD has begun securing visas for executives to visit India and plans to launch its Atto 2 SUV in the country early next year, according to Bloomberg.
Despite India imposing a 70 percent local tax on imported vehicles, BYD still plans to price the Atto 2 well below the 2-million-rupee ($22,690) threshold.
BYD Denza to launch updated N9 on Sept 17, just 6 months after SUV’s rollout
The updated N9 arrives just six months after the SUV’s March launch, making it one of the fastest-refreshed models under BYD’s umbrella.
The N9 sold 2,021 units in August, bringing cumulative sales to 20,136 units.
Xiaomi EV delivers record 36,396 cars in Aug, with YU7 SUV nearly tripling from Jul
Xiaomi EV delivered 36,396 vehicles in August, marking the second consecutive month surpassing the 30,000-unit mark following July’s 30,452 deliveries.
The YU7 SUV delivered 16,548 units in August, accounting for 45.47 percent of Xiaomi EV’s monthly deliveries.
