The new brand will target a younger market, with vehicles starting at around RMB 170,000 to RMB 250,000, according to local media.
The first model will be based on an existing product from Rising Auto and is expected to hit the market in the fourth quarter of 2025.
Li believes that sales are fundamental for the company as a whole.
Li also highlighted cost reduction and cited profitability as the second keyword.
Xpeng was at 3,400 units, Li Auto 4,700, Zeekr 2,400, Leapmotor 2,700. Read more…
CATL continued to be the world’s largest power battery manufacturer in 2024, with a 37.9 percent share above the 36.6 percent in 2023.
BYD’s share of 17.2 percent in 2024 was also higher than the 15.9 percent in 2023.
A video shows a Yangwang U9 electric supercar equipped with the “God’s Eye” smart driving system successfully completing an autonomous driving on a race track.
The Yangwang U9 is equipped with the top-of-the-line God’s Eye A smart driving system.
Tesla began construction of the Shanghai Megafactory on May 23, 2024, its first energy storage project outside of the US.
The Megafactory will begin capacity ramp-up in the first quarter and is expected to help Tesla improve its supply of energy storage products.
BYD has rolled out Smart Driving Edition updates for 21 models, including the Seagull, which is priced as low as RMB 69,800.
BYD said that in the next 2 to 3 years, high-level smart driving capabilities will become as essential a vehicle feature as seat belts and airbags.
Rox Motor has entered the Saudi Arabian market with the Rox 01 and secured over 200 orders on the first day of the local LEAP 2025 event.
It has established sales and service networks in more than 20 countries, and the total number of Rox 01 orders in overseas markets has exceeded 10,000 units.
Changan unveiled its Dubhe Plan 2.0 on February 9, which is expected to allow more affordable models to carry driver assistance systems.
Changan will no longer develop new non-intelligent products from this year and will launch 35 intelligent cars in the next three years.
The BYD Ocean lineup will launch 11 models equipped with advanced smart driving systems.
The Seagull, currently priced at RMB 69,800 (US$9,550), will carry an advanced smart driving system.
Dongfeng and Changan announced plans to reorganize almost simultaneously, suggesting they could merge to become one of the world’s largest auto groups.
Dongfeng appears set to dominate that new auto group, according to local media.
Nio Firefly’s interior is close in overall design style to Nio-branded models and uses a horizontal center screen.
Facelifted Nio-branded models will also switch to horizontal center screens.
Nio currently provides more than 9,000 battery swaps per day in Shanghai.
Shanghai has the largest number of Nio battery swap stations at 183.
Xpeng will launch customized smart driving insurance products with insurance companies, based on its accumulated technologies and user data.
The insurance products will focus on solving the liability definition and safety protection of users when using smart driving features.
Nio began offering rewards ranging from RMB 10,000 to RMB 1 million ($140,000) for tips on malicious online attacks.
BYD took the same action at the end of 2021 and in June 2022 increased the reward cap to RMB 5 million.
Some facelifted models are expected to be revealed in a regulatory catalog next week.
The facelifted models will feature horizontal screens and Nio’s own Shenji autonomous driving chip.
Overall passenger car retail sales in January were 1,853,000 units, 9 percent lower year-on-year and 30 percent lower than in December.
China’s NEV penetration rate at retail was 42.42 percent in January.
Zeekr’s in-house developed Kr AI large model is plugged into DeepSeek R1, and M-Hero has also completed the integration with the DeepSeek AI model.
Car companies are looking forward to using DeepSeek R1’s stronger AI capabilities to enhance the cockpit experience.
Denza’s sales chief previously said the N9 would be launched in the first quarter.
The Denza N9 is a six-seat large hybrid SUV model that is 5,258 mm long.
This is the first time Xpeng’s management has mentioned a timeline for reaching breakeven.
Xpeng CEO He Xiaopeng told Nio CEO William Li that he should personally oversee the supply chain business.
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