BYD reported a net income of RMB 9.16 billion ($1.26 billion) in the first quarter, up 100.38 percent year-on-year.
The company’s revenue for the first quarter was RMB 170.36 billion, up 36.35 percent year-on-year.
Category: CnEVPost
China aims for BEVs to dominate new car sales by 2035
This is the first time that a growth target for pure EVs, or BEVs, has been mentioned.
In 2024, BEVs contributed 27.61 percent of China’s passenger car retail sales.
Deutsche Bank on Shanghai auto show: Global brands fight back with Chinese NEV tech
China’s smart NEV market has been dominated by local brands, but global auto brands have caught up, Deutsche Bank said.
Global auto brands showcased a number of smart NEV products at the ongoing Shanghai auto show.
BYD’s cumulative sales in UK exceed 20,000 units
BYD entered the UK passenger car market in March 2023.
BYD currently offers six NEV models in the UK.
Huawei, JAC joint brand Maextro unveils interior of S800 luxury sedan
The Maextro S800 is expected to be launched in May, targeting the luxury sedan market in the RMB 1 million ($137,070) class.
Maextro is the fourth new brand launched by Huawei with a local carmaker, and the most highly positioned under Huawei’s HIMA umbrella.
ZF CEO becomes 1st expat owner of Nio ET9
Nio’s William Li delivered an ET9 to ZF CEO Holger Klein.
The ET9 is the first production model in China to feature steer-by-wire, a technology that appears to have come from ZF.
CATL founder, Xpeng chairman become ET9 owners as Nio wins over more entrepreneurs
Nio’s William Li delivered an ET9 to Robin Zeng, founder, chairman and CEO of CATL.
Nio is showcasing the ET9 at the Shanghai auto show, where its chassis capability demonstration attracted visitors.
Li Auto launches updated Li L6 SUV, Li Mega MPV with unchanged starting prices
The updated Li L6 comes standard with LiDAR, with starting price unchanged.
The updated Li Mega has an additional special edition variant.
Li Auto launches updated Li L6 SUV, Li Mega MPV with unchanged starting prices
The updated Li L6 comes standard with LiDAR, with starting price unchanged.
The updated Li Mega has an additional special edition variant.
BYD Yangwang unveils U8L SUV with 5,400 mm length
The U8L is a stretched version of Yangwang’s first model, the U8, and will be launched in the second half of this year.
Yangwang did not announce the pricing of the U8L, but said it will be much more expensive than the U8.
Zeekr debuts hybrid SUV 9X with over 380 km battery range
The Zeekr 9X’s long range and powerful performance will further blur the lines between a PHEV and a BEV.
The Zeekr 9X is set for a global launch in the third quarter, when the V4 ultra-fast chargers with peak charging power of up to 1.3 MW will be in operation.
BYD Denza unveils Denza Z concept sports car
The Denza Z will feature BYD’s e3 technology and the new DiSus-M body control system.
The Denza Z also features BYD’s steer-by-wire technology, which eliminates the mechanical connection of the steering system.
Nio Onvo unveils L90 SUV with extra-large frunk at Shanghai auto show
The L90 is Onvo’s flagship SUV, boasting the largest frunk of any model currently available in China.
Onvo’s third model, the L80, will be launched in the fourth quarter.
Xpeng launches faster-charging variant for P7+ electric sedan at $28,570
The new variant of the P7+ comes with a battery pack with 5C charging multiplier, which can charge from 10 percent to 80 percent in 12 minutes.
All three updated versions of the Xpeng launched earlier this year came standard with the 5C pack.
Nio to unveil 3rd-gen ES8, launch Onvo L80 in Q4
The third-generation Nio ES8 will be unveiled in the fourth quarter, and Onvo’s third model, the L80, will also be launched in the fourth quarter, William Li said.
The ES8 is Nio’s first production model, with the first generation released in December 2017 at Nio Day 2017.
Nio to unveil 3rd-gen ES8, launch Onvo L80 in Q4
The third-generation Nio ES8 will be unveiled in the fourth quarter, and Onvo’s third model, the L80, will also be launched in the fourth quarter, William Li said.
The ES8 is Nio’s first production model, with the first generation released in December 2017 at Nio Day 2017.
Tesla reports weaker-than-expected Q1 earnings as deliveries slump
Tesla’s net income in the first quarter was $409 million, down 70.58 percent from the same period last year.
Global deliveries in the first quarter were the lowest since the second quarter of 2022.
BYD Shenzhen car carrier sets sail as BYD increases shipping capacity to global markets
In the first quarter, BYD’s car carriers have shipped more than 25,000 NEVs to overseas markets.
With 9,200 parking spaces, BYD Shenzhen is the world’s largest car carrier with the highest loading capacity that is currently in operation.
Huawei launches supercharger with up to 1.5 MW charging power
Huawei has launched a supercharger with a peak charging power of 1.5 MW, as the race for charging power in China’s EV industry continues.
CATL yesterday unveiled its second-generation Shenxing Battery, which it said has a peak charging power of 1.3 MW.
Tesla starts offering 5-year, 0-interest financing incentive for updated Model Y in China
Tesla began offering a five-year, zero-interest financing incentive in China for the updated Model Y, in a ramped-up promotion to try to boost the crossover’s appeal.
Tesla previously offered a three-year, zero-interest financing incentive on the updated Model Y.
