The R&D teams of IM Motors and Rising Auto, and power battery, smart driving, and chassis technology programs, will be relocated to SAIC’s R&D innovation headquarters, according to local media. Read more…
Category: CnEVPost
BYD Denza starts Z9GT pre-sales: Built on powerful e3 tech, starting at $47,620
The Z9GT will officially go on sale and begin deliveries in September, and its powerful performance and lower-than-expected prices mean Denza has high hopes for its sales. Read more…
EU unveils new proposed tariffs for EVs from China, 9% for Tesla
BYD, Geely, and SAIC all face slightly lower tariff rates than previously, while Tesla’s 9 percent is well below the 20.8 percent indicated last month. Read more…
Xpeng sees gross margin improve further in Q2, net loss narrows
Xpeng reported revenues largely in line with expectations in the second quarter, with gross margin increasing sequentially for the fourth consecutive quarter and net loss narrowing slightly from the first quarter. Read more…
Avatr signs deal to become 2nd-largest shareholder in Huawei’s auto unit Newcool
Newcool’s business scope will cover full-stack solutions for smart cars and is expected to grow into China’s largest smart car solution provider, analysts said. Read more…
Nio Power Up 2024 event: Live updates
Nio Power will build a new battery swap station manufacturing center in Wuhan, targeting an annual capacity of over 1,000 battery swap stations. Read more…
China EV insurance registrations for week ending Aug 18: Nio 3,300, Tesla 14,300, Xiaomi 2,600, BYD 78,500
Li Auto had 10,700 insurance registrations last week, Xpeng 2,300 and Zeekr 3,500. Read more…
BYD enters Pakistan with 3 models, considers local plant
BYD has launched the Atto 3, Seal EV, and Sealion 6 in Pakistan and said it may open an NEV assembly plant in Karachi. Read more…
Xpeng Mona M03 launch event to begin at 7 pm Beijing Time on Aug 27
The Xpeng Mona M03 will have a starting price of no more than RMB 135,900 ($19,030), according to a previous poster from the company. Read more…
BYD launches 2025 Song Plus EV with unchanged starting price and upgraded features
The starting price of the 2025 Song Plus EV remains unchanged at RMB 149,800 ($20,980), but the top-trim variant is priced 7.38 percent lower. Read more…
Avatr to acquire 10% stake in Huawei’s parts unit Newcool for $1.6 billion
After the transaction, Avatr will hold a 10 percent stake in Newcool, while Huawei will hold 90 percent. Read more…
Nio renames Power Day to Power UP, 2024 event to be held on Aug 20
Power UP 2024 will be held on August 20 in Wuhan, Hubei, central China. For the past three years, Nio had held the Nio Power Day events in the summer of each year. Read more…
BYD’s auto insurance unit posts net income of $850,000 in Q2
BYD set up its own auto insurance business through an acquisition, which began operations in May this year. Read more…
Nio opens UAE website and X account as market entry nears
“We are committed to fostering a growing community in the UAE and building strong networks to provide the best possible experience for NIO users,” the company wrote on its UAE website page. Read more…
BYD opens 1st store in Sri Lanka, brings in new model
BYD has launched the Sealion 6 in Sri Lanka, its fourth model there after the Dolphin, Seal, and Atto 3. Read more…
Chinese lithium producer Ganfeng plans $500 million battery plant in Turkey
Ganfeng plans to set up a joint venture in Turkey, which plans to invest $500 million to build a lithium battery project with an annual capacity of 5 GWh in Turkey. Read more…
Lynk & Co says Z10 gets over 10,000 pre-orders in 24 hours after pre-sales begin
Lynk & Co began accepting customer pre-orders for the Z10 on August 15, with the official launch set for September 5. Read more…
VW consolidates EV R&D in China, looks to build ‘Wolfsburg of the East’ in Anhui, report says
In a recent shake-up, Volkswagen moved its BEV R&D resources in China to Anhui province, where it hopes to build a “Wolfsburg of the East,” according to local media. Read more…
VW China JV recalls 283 imported Audi e-tron GT electric sports cars due to brake system concern
The Audi e-tron GT is a luxury electric sports car that currently has a starting price of RMB 999,800 ($139,380) in China. Read more…
Leapmotor sees Q2 gross margin turn positive, prioritizes volume
Despite improved gross margin, Leapmotor’s losses continued to widen in the second quarter as it saw record quarterly R&D investments. Read more…
