The joint venture, Carizon, is headquartered in Beijing and plans to recruit more than 300 experts by the end of 2023. Read more…
Category: CnEVPost
Zeekr 007 to be officially launched on Dec 27, deliveries to begin on Jan 1
The Zeekr 007 went on pre-sale on November 17 with a starting price of RMB 229,900 yuan. Read more…
Tesla sells 65,504 vehicles in China in Nov, exports 16,928 from Shanghai plant
Tesla’s share in China’s BEV market was 11.87 percent in November, up from 5.78 percent in October. Read more…
China NEV retail hits record 841,000 in Nov, penetration exceeds 40% for 1st time, CPCA data show
BEVs sold a record 552,000 units at retail in November, accounting for 65.6 percent of all NEV retail sales. Read more…
Xpeng offers up to $3,630 limited-time discount on P7i
Xpeng launched the P7i in China on March 10, and on November 6 rolled out two lower-priced versions of the model with LFP battery packs. Read more…
Gotion’s Thailand JV sees 1st battery pack roll off line
Gotion’s joint venture plant in Thailand has a planned capacity of 2 GWh of battery packs per year for the first phase, which will be expanded to 8 GWh in the future. Read more…
Nio denies after report says it’s considering further job cuts
A report earlier today said some of Nio’s departments were asked to prepare reserve lists of layoffs, which may widen the original dismissals to 20 percent to 30 percent. Read more…
Zeekr to unveil in-house developed battery that will 1st be used in Zeekr 007
Zeekr will hold Zeekr Power Day 2023 on December 14, when a new battery product will be unveiled. Read more…
Tesla plans to restart Giga Shanghai phase 3 project, report says
Tesla plans to restart the third phase of Shanghai plant project, possibly focusing on the production of the $25,000 model, according to local media. Read more…
China’s NEV retail sales up 2% MoM to 783,000 in Nov, preliminary CPCA data show
China’s passenger NEV penetration at retail stood at 38 percent in November, up from 37.8 percent in October. Read more…
New model to be unveiled on Nio Day 2023 could be ultra high-end sedan ‘ET9’, says Deutsche Bank
The model would be a low-volume car, but may serve as a halo vehicle to generate excitement around the brand, Deutsche Bank said. Read more…
Global EV battery market share in Jan-Oct: CATL 36.9%, BYD 15.8%
CATL’s share continues to rank first in the world and remains the only global battery supplier with a market share of more than 30 percent. Read more…
Li Auto offers limited-time financial incentives to boost sales
Li Auto is offering preferential loan rates to customers who buy its models before the end of the year, a rare public promotional move by the company in the past few years. Read more…
Nio to spin off its battery production unit, report says
The spin-off could take place as early as the end of this year, after which the battery unit will seek external investors, with a valuation to be decided at a later date, according to Reuters. Read more…
New report reveals reasons behind Nio’s acquisition of JAC plant assets
With full control over all core processes of vehicle production, Nio will be able to improve its manufacturing efficiency and have more leverage in the fierce competition. Read more…
BYD chairman proposes RMB 200 million in share buybacks
The proposal is based on Wang Chuanfu’s confidence in China’s NEV industry and the company’s prospects, as well as his recognition of BYD’s value to boost investor confidence, BYD said. Read more…
Nio Day 2023 to be held on Dec 23 in northwest Chinese city Xi’an
Nio Q3 earnings: Deutsche Bank’s 1st look
Nio reported third-quarter results that were results largely as previewed and gave a better-than-feared outlook for the fourth quarter, said Edison Yu’s team. Read more…
Nio Q3 earnings call: Live updates
Nio Day 2023 will be held on December 23 in Xi’an, Shaanxi province, Northwest China, where Nio will unveil a new flagship model. Read more…
Nio posts Q3 revenue of $2.6 billion, up 117.36% from Q2
This article is being updated, please refresh later for more content. Read more…
