The new plant is scheduled to go into production in 2027, with an initial capacity of around 100,000 units per year.
Toyota is set to become the second foreign automaker after Tesla to have a wholly-owned factory in China.
Category: CnEVPost
Xpeng CEO says confident of doubling deliveries in 2025
That means Xpeng is targeting 2025 deliveries of about 380,000 vehicles.
Xpeng is off to a good start in 2025, delivering 30,350 vehicles in January, up 267.88 percent from a year earlier.
Tesla Megafactory in Shanghai to officially start production on Feb 11
Tesla’s Shanghai Megafactory will begin capacity ramp-up in the first quarter.
The factory, which took seven months to complete construction, is Tesla’s first energy storage project outside the US.
Xpeng rolls out 0 down payment, up to 5 years of 0 interest financing in revived price war
Xpeng’s new promotional package allows customers to save up to RMB 57,000 ($7,830).
Xpeng’s deliveries in January surpassed those of local counterpart Li Auto for the first time since September 2022.
Tesla offers insurance subsidy for Model 3 in China, firing 1st shot in renewed price war
Tesla is offering a RMB 8,000 ($1,100) insurance subsidy for the Model 3.
Local EV makers are likely to follow as the market enters the slow season.
BYD sells 300,538 NEVs in Jan, up 49% year-on-year while down 42% from Dec
BYD was affected by seasonal factors like other EV makers.
Performance in overseas markets was a bright spot, with sales of 66,336 units up 16.07 percent from December.
Zeekr delivers 11,942 cars in Jan, down 56% from Dec
Zeekr’s deliveries in January were down 4.75 percent year-on-year and down 56.08 percent from December.
Several other EV makers posted declining deliveries, mainly due to seasonal factors.
Nio delivers 13,863 cars in Jan, down 55% from Dec while up 38% year-on-year
The Nio brand delivered 7,951 units in January and the Onvo brand delivered 5,912 units. Read more…
Xiaomi EV says SU7 deliveries have exceeded 20,000 units for 4 consecutive months
Xiaomi EV said it has a delivery target of 300,000 units in 2025, and will continue to expand capacity in the new year.
Xiaomi EV is expected to launch its second model, the YU7, this summer.
Leapmotor delivers 25,170 cars in Jan, down 40.8% from Dec while doubling from a year ago
In the Chinese auto market, the beginning of the year is usually the low point for deliveries, while the end of the year is usually the high point.
Leapmotor is targeting 2025 deliveries of 500,000 vehicles.
Xpeng delivers 30,350 cars in Jan, overtaking Li Auto for 1st time in over 2 years
Xpeng’s monthly deliveries surpassed local counterpart Li Auto for the first time since September 2022.
The Mona M03 once again delivered more than 15,000 units.
Li Auto delivers 29,927 cars in Jan, almost halves from Dec
Li Auto delivered 29,927 vehicles in January, down 48.85 percent from December and down 3.97 percent from the same month last year. Read more…
Nio ramps up car purchase incentives, launches 5-year 0-interest financing
Nio has joined Tesla in starting to offer a five-year zero-interest financing program.
It is offering new customers 20,000 km of free battery swap service.
Tesla Q4 earnings miss as incentives more intense than expected
The auto business was the main reason for Tesla’s weaker-than-expected results, as incentives were more aggressive than expected.
Gross margin in the fourth quarter was 16.3 percent, about half of what they were in the first quarter of 2022.
Tesla’s facelifted Model Y exceeds 70,000 orders in China in 5 days after launch, report says
The facelifted Model Y has been better accepted than the facelifted Model 3 in China, according to local media.
Show cars of the facelifted Model Y have been gradually shipped to Tesla’s showrooms in China.
Nio Onvo sees over 5,000 battery swap services in single day
Cumulative deliveries of Onvo stood at 20,761 units at the end of December.
Earlier this week, Nio provided more than 100,000 battery swap services in a single day.
Xiaomi SU7 total deliveries have exceeded 150,000 units, says CEO
The SU7 delivered more than 135,000 units in 2024, Xiaomi previously said.
Xiaomi will begin deliveries of the SU7 with a special red exterior color in March.
Nio sees over 100,000 battery swap services in single day
Nio offered 103,919 battery swap services on January 23, as peak travel arrives ahead of the Chinese New Year holiday.
Nio currently has 3,064 battery swap stations in China, of which 955 are located along highways.
BYD Fang Cheng Bao recalls 6,843 Bao 5 cars for motor controller issue
The bolts inside the motor controller of some of the cars may not be locked properly, which in extreme cases may lead to smoke and fire.
Fang Cheng Bao’s deliveries for the full year 2024 amount to 56,388 units.
Xiaomi recalls 30,931 SU7 EVs over parking assist software issue
This is the first recall by Xiaomi EV.
Xiaomi EV suffered 255 complaints for faulty parking assistance software.
