Nio pays JAC for each vehicle produced on a per-vehicle basis monthly. It paid JAC an average of about $1,260 per vehicle in 2022. Read more…
Category: CnEVPost
BYD’s ultra-luxury Yangwang U8 has over 30,000 orders, report says
BYD’s Yangwang U8, which costs more than RMB 1 million, has gone into production with over 30,000 orders, according to a local media report. Read more…
Chinese EV battery maker Rept plans HK IPO
By the end of 2022, Rept had a production capacity of 35.2 GWh, and by 2025 it is expected to have a capacity of more than 150 GWh. Read more…
Tesla recalls 4,787 imported Model X vehicles in China
These vehicles may fail to give an alert when the brake fluid level is low, which in extreme cases can affect the vehicle’s braking. Read more…
Nio opens F2 plant in NeoPark for public tours
The Nio F2 plant achieves efficient, flexible production with 756 robots in the body shop for automated production, it said. Read more…
Buick adds new version to Electra E5 in China: Removes some features, lowers price by $5,330
Buick is responding to increasing competition in a way that’s common for local automakers — lowering the price of its cars by removing some comfort features. Read more…
Li Auto’s six-seat SUV Li L8 reaches 100,000th delivery
The Li L8 has delivered 6,159 units so far this month, data monitored by CnEVPost show. Read more…
Nio may acquire assets JAC plans to sell and seek its own EV production qualification, report says
JAC plans to sell the assets of two factories that make vehicles for Nio, which the latter may acquire and seek independent EV production qualification, local media said. Read more…
GAC Aion’s Hyper brand begins pre-sales of Hyper HT SUV with starting price of $30,080
The Hyper HT is being offered in four versions in pre-sale, three of which are based on the 800-volt high-voltage platform, with the top-of-the-line version featuring falcon-wing doors similar to those on the Tesla Model X. Read more…
CATL’s net profit slips in Q3 as market share in China goes down
CATL’s net profit fell 4.3 percent in the third quarter from the second quarter, as its share in China slipped and fell in September to a new low since April last year. Read more…
Changan signs deal to build NEV plant in Thailand
The Thailand Board of Investment has issued an investment certificate to Changan, which will invest around $240 million in a NEV production plant in Thailand. Read more…
BYD launches Dolphin, Seal and Atto 3 in Hungary
BYD has entered 19 European countries since announcing its entry into the European passenger car market at the Paris auto show in 2022. Read more…
Tesla starts formal sales of new Model 3 in China: Prices same as in pre-sale, deliveries to start at end of Oct
Both versions of the new Model 3 now have an estimated wait time of 6-9 weeks in China. Read more…
Neta launches Neta X with prices starting at $17,340
The Neta X replaces the Neta U-II, with the starting price lowered by RMB 9,000 and a limited time discount of RMB 18,000. Read more…
China’s NEV retail in Oct 1-15 at 294,000, up 8% from same period last month
So far this year, China’s passenger NEV retail sales amounted to 5,482,000 units, up 34 percent year-on-year. Read more…
Xpeng to hold Tech Day 2023 on Oct 24, will unveil autonomous driving roadmap
Xpeng said it will unveil its cutting-edge technology roadmap for autonomous driving and mobility ecosystem, including its smart EVs and robotics. Read more…
Nio says its sales model in Europe unchanged, sub-brand Firefly evaluating multiple models
Nio is committed to a direct sales network in Europe, and the Firefly project is evaluating multiple channel models in Europe, including direct and dealer models, it said. Read more…
Nio considering dealer network in Europe to boost sales, report says
After Nio’s president said last month that European sales had fallen short of expectations, the company has begun evaluating dealers in key European markets, according to Reuters. Read more…
Morgan Stanley explains why Xpeng shares have been weak recently
Shares of Xpeng have fallen back to the level prior to the Volkswagen deal, despite improving operations and strategic opportunities, Morgan Stanley noted. Read more…
WM Motor says ‘pre-restructuring’ does not mean bankruptcy, denies founder fled overseas
WM Motor has denied reports that its founder Freeman Shen has fled to the US, leaving behind nearly RMB 40 billion in investments and debts. Read more…
