CALB expects its net income to increase by about 80 percent to 100 percent in 2024 compared to 2023 due to growth in business scale and lower costs.
CALB’s power battery installations in China were 36.49 GWh in 2024, up 10.95 percent year-on-year.
Author: cnevpost
Wuling launches 4-door version of its popular Mini EV
The four-door Mini EV starts at RMB 44,800 ($6,180) and has a 205-kilometer CLTC range.
Since its launch in July 2020, the Mini EV family has sold more than 1.5 million units.
Xpeng ships 300 X9 MPVs to Thailand, bringing its highest-priced model to global markets
The X9 MPV is Xpeng’s highest-priced and is seen as a strategic model to help boost gross margins.
Xpeng had showcased the X9 in Hong Kong and Malaysia and plans to launch the MPV in Norway as well.
Leapmotor launches updated T03 compact EV with higher starting price
The updated T03 is offered in two variants with a starting price of RMB 59,900 ($8,270).
A previous variant priced at RMB 49,900 is no longer available.
BYD Fang Cheng Bao launches Smart Driving variants for Bao 5 SUV
Fang Cheng Bao launched the Smart Driving Edition variants for the Bao 5 with a starting price of RMB 239,800 ($33,090).
The two lower-priced ones come with BYD’s God’s Eye C smart driving system, while the other two come with Huawei’s solution.
Zeekr to report Q4 2024 earnings on Mar 20
The Zeekr brand delivered 79,250 vehicles in the fourth quarter of 2024, an increase of 99.84 percent year-on-year and up 44.08 percent over the third quarter.
On February 14, Zeekr announced the completion of strategic integration transactions with Geely entities, and Lynk & Co had become its indirect non-wholly owned subsidiary.
Nio Onvo’s 2nd model named L90, to be unveiled in Q2
The L90 will be Onvo’s flagship product and is scheduled to debut in the second quarter and hit the market in the third quarter.
The L90 will feature a three-row seating layout and is a large SUV aimed at large families.
Li Auto reportedly to make LiDAR standard on all new models as smart driving race heats up
Li Auto will make LiDAR standard on all new models this year, bringing enhanced smart driving capabilities, according to local media.
BYD’s vehicle intelligence strategy has made both traditional car companies and new car-making forces feel threatened.
SAIC announces deal with Huawei to jointly make NEVs
SAIC and Huawei have signed an agreement to collaborate in the areas of product definition, production, supply chain management, and sales and services.
Previous reports said the two would create a new brand with the Chinese name Shangjie, targeting a younger demographic.
BYD Denza starts N9 SUV pre-sales from $62,100
The Denza N9 is a six-seat hybrid SUV that will compete with Li Auto’s Li L9 and Aito’s M9.
It features BYD’s e3 technology and can accelerate from 0 to 100 km/h in less than four seconds.
CATL, VW sign MOU to deepen partnership
CATL and Volkswagen will jointly develop cost-competitive battery products and cooperate in areas including battery recycling and battery swap. Read more…
Nio to start ET9 deliveries at end of Mar as CEO shares more detailed timeline
William Li said deliveries of the Nio ET9 will begin at the end of March, and invited Huawei’s Richard Yu to experience the model at that time.
Li and Yu had several interactions about the safety features of the ET9.
[Video] Nio shows off ET9’s safety in extreme scenarios as Chinese EV makers race for better tech
Nio showed how the ET9 performs when both the front and rear tires on one side blow out at high speeds in a new video as a response to praise from Huawei’s Richard Yu.
Yu yesterday demonstrated the safety of the Maextro S800 when the front tire blew out at high speed.
CPCA expects China Feb NEV retail at 600,000, down 19% from Jan
Overall passenger car retail sales for February are expected to be around 1.25 million units, up 13.6 percent year-on-year but down 30.3 percent from January.
The Chinese New Year holiday in 2024 was on February 10-17, while this year the holiday was on January 28-February 4.
Huawei-JAC joint brand Maextro to officially launch S800 luxury sedan at end of May
The Maextro S800, a model designed on the L3 autonomous driving architecture, will be launched at the Shenzhen auto show at the end of May.
The model is expected to be priced between RMB 1 million ($138,000) and RMB 1.5 million.
JPMorgan raises 2026 sales forecast for BYD to 6.5 million from 6 million units
JPMorgan believes that BYD will probably become the “Toyota” of the global EV market.
The bank’s analysts expect BYD’s sales in 2025 to grow about 30 percent from 2024 to 5.5 million units.
Nio exec named 1st chair of new working group to promote China-EU auto cooperation
The China Chamber of Commerce to the EU has set up an automotive working group, and Nio’s vice president for Europe, Zhang Hui, has been appointed as the group’s first chairman.
Companies in the automotive supply chain have been calling for such a group since the EU launched an anti-subsidy probe into Chinese EVs.
Regulatory filing: Huawei-backed Aito files for M9 SUV
Aito has filed for one BEV variant and two EREV variants for the M9, all of which are powered by CATL batteries.
The Aito M9 got more than 200,000 orders after 11 months on the market and delivered 12,483 units in January.
BYD Fang Cheng Bao to launch new variants for Bao 5 on Feb 21, expected to feature Huawei smart driving software
Fang Cheng Bao will launch Smart Driving editions of the Bao 5, which are expected to use Huawei’s Qiankun ADS 3.0 software after the Bao 8.
The Bao 5 entered a regulatory catalog yesterday that shows it will come with LiDAR.
Nio denies after layoff rumor runs rampant
Nio called the rumor ridiculously untrue and has reported it to the police.
Nio said it is offering a number of high-quality jobs and welcomes new members.
