CATL plans to use about 90 percent of the proceeds for its project in Hungary.
Trading of CATL shares in Hong Kong will begin on Tuesday, May 20.
Category: CnEVPost
Tesla’s retail sales in China down 8.56% year-on-year to 28,731 in Apr
In January-April, Tesla’s retail sales in China’s domestic market amounted to 163,338 units, down 0.31 percent year-on-year.
Tesla’s retail share of the Chinese BEV market was 5.14 percent in April, down from 11.47 percent in March.
China NEV retail up 34% year-on-year to 905,000 in Apr
Retail sales of China’s passenger NEVs saw year-on-year growth last month, despite a decline from March.
Retail penetration of NEVs was 51.5 percent in April, above 50 percent for the second consecutive month.
Nio brand reaches 700,000th delivery milestone
The delivery of this 700,000th vehicle means that the Nio main brand has delivered 2,615 vehicles so far this month.
The Nio brand delivered 19,269 vehicles in April, a year-on-year increase of 23.36 percent.
Li Auto sees cumulative Li L7 deliveries exceed 300,000 units
Li Auto launched its updated L-series EREVs on May 8, and deliveries began yesterday.
In March, the Li L7 delivered 8,707 units, contributing 23.74 percent of Li Auto’s monthly deliveries.
Nio starts taking pre-orders for facelifted ES6, EC6, ET5, ET5 Touring, official launches to be in next 2 weeks
The official launch of the updated ES6 and EC6 will take place on May 16, and show cars are already available at Nio showrooms.
The updated ET5 and ET5 Touring will be launched on May 25, with show cars to be available on May 22.
Nio reportedly makes deeper integration of 3 brands to cut costs
The adjustments focus on Onvo, which remains a sub-brand but will operate as a first-tier division of Nio.
Nio is also reducing management compensation costs.
Tesla says Shanghai plant completed capacity ramp-up of updated Model Y in just 6 weeks
Tesla’s Shanghai Gigafactory completed the capacity ramp-up for the updated Model Y in six weeks, setting a new record for it.
Factories are Tesla’s best products, it said.
Xiaomi becomes partner at Germany’s Nürburgring track
The partnership includes the new Xiaomi curve on the Grand Prix circuit and a new advertising installation on the Nordschleife.
The Xiaomi SU7 Ultra production version is on a challenge at the Nürburgring track.
Nio to start accepting pre-orders for updated ES6, EC6 from May 10
Nio will start accepting pre-orders for the updated ES6 and EC6 on Saturday, May 10.
Show cars of the updated ES6 and EC6 will be available at Nio’s showrooms in China starting May 10.
Xpeng Aeroht’s Production Certificate application begins to be reviewed by Chinese aviation authorities
Xpeng Aeroht said its mass-production factory for flying cars is now 70 percent complete and is scheduled for completion in the fourth quarter.
Xpeng Aeroht submitted its Type Certificate application in March 2024, which is still under review.
Leapmotor to launch updated C10 SUV on May 15
Leapmotor began pre-sales of the updated C10 at the end of last month at a starting price of RMB 129,800 ($17,900).
The C10 delivered 12,255 units in March, contributing 33 percent of Leapmotor’s monthly deliveries.
Li Auto officially launches updated L-series EREVs with unchanged prices
Li Auto’s updated L-series EREVs are now available in showrooms, with deliveries set to begin next week.
These updated models are priced the same as before but bring feature upgrades.
CATL launches Tener Stack energy storage system with massive 9 MWh capacity
Tener Stack is capable of charging around 150 EVs or powering an average home for six years.
It is the world’s first production-ready 9 MWh ultra-high-capacity energy storage system solution.
BYD aims for half of its sales to come from outside China by 2030, report says
BYD now believes it has the right products to replicate its success in China in overseas markets, according to Reuters.
This growth will be driven by expansion in Europe and Latin America.
China NEV retail at 922,000 in Apr, up 37% year-on-year, preliminary CPCA data show
China’s NEV penetration at retail stood at 52.3 percent in April and 48.31 percent year-to-date.
Wholesale sales of NEVs in April were 1.142 million units, up 41 percent year-on-year and up 1 percent from March.
BYD launches hybrid Sealion 07 DM-i, starts at $23,460
The Sealion 07 DM-i is a sister model to the all-electric Sealion 07 EV and the fourth model in BYD’s Sealion family.
The Sealion family sold 26,220 units in April, up 44.66 percent from 18,125 in March.
Hyundai’s China JV debuts Elexio all-electric SUV in comeback effort
Beijing Hyundai has completed the debut of the Elexio, saying it aims to launch a comeback bid by a joint venture automaker in China.
This year could be an important one for joint ventures in China to launch comeback efforts in the EV market.
BYD withdraws plans to build lithium plant in Chile as lithium prices plunge
BYD and Tsingshan are backing out of multimillion-dollar plans to build lithium cathode plants in Chile, according to Reuters.
Both projects have been hit by plummeting lithium prices.
Avatr launches updated Avatr 12 sedan amid drag coefficient doubts
Avatr starts offering EREV variants of the Avatr 12 at a starting price of RMB 269,900 ($37,360).
A recent video has raised questions about the drag coefficient of the Avatr 12.
