In the January-October period, BYD was No. 1 with a 36 percent share, Tesla was No. 2 with 7.8 percent and Nio was No. 9 with 2.1 percent. Read more…
Category: CnEVPost
BYD Yangwang U8’s 1st production cars roll off line, deliveries to start soon
On October 20, a local media outlet reported that orders for the Yangwang U8, which was officially launched on September 20, exceeded 30,000 units. Read more…
China’s Oct NEV sales up 5.75% MoM to record 956,000, CAAM data show
Excluding exports, China’s NEV sales in October were a record 832,000 units, up 2.9 percent from September. Read more…
Zeekr formally files for listing in New York under ticker symbol ZK
Zeekr lost RMB 3.87 billion in the first half of this year, up 25.24 percent year-on-year. Its gross margin in the first half of the year was 10.5 percent, up from 9.7 percent in the same period last year. Read more…
Huawei, Chery’s joint EV brand Luxeed unveils 1st model, goes on pre-sale with $35,420 starting price
The Luxeed S7, the first sedan jointly created by Huawei and a carmaker, will be officially launched on November 28. Read more…
Nio still ‘debating’ North America entry by 2025, exec says
Nio is considering “any kind of partnerships” in North America, the company’s US CEO Ganesh Iyer said. Read more…
BYD Fang Cheng Bao officially launches 1st model Bao 5, deliveries to start this month
The Bao 5 SUV is available in three variants with a starting price of RMB 289,800 and can accelerate from 0 to 100 km/h in 4.8 seconds. Read more…
Li Auto Q3 earnings: Deutsche Bank’s 1st look
Li Auto’s third-quarter results were somewhat mixed, with a strong outlook for fourth-quarter sales, according to Deutsche Bank. Read more…
Nio Oct deliveries breakdown: ES6 at 5,875, ET5 Touring at 3,105
The ES6 remains the best-selling Nio model, but deliveries were down from September, while deliveries of the EC6 coupe SUV were up significantly. Read more…
Li Auto posts higher-than-expected Q3 revenue
This article is being updated, please refresh later for more content. Read more…
BYD expands promotion to cover more models
BYD is aiming to sell at least 3 million NEVs in 2023, with nearly 2.4 million sold this year through the end of October. Read more…
Nio rumored to be integrating sub-brand Alps into main brand’s team
Alps is rumored to no longer be a standalone program, with the team’s personnel assigned to various Nio divisions and some positions cut. Read more…
Tesla says price hike in China due to rising costs
Prices are going up because of rising costs, and if costs go down, prices could go down, a Tesla staff said. Read more…
Tesla raises prices of Model 3 and Model Y’s long-range versions slightly in China
The price of the Model 3 Long Range has been raised by RMB 1,500 in China, while the Model Y Long Range has gone up by RMB 2,500. Read more…
Tesla delivers 28,626 vehicles in China in Oct, exports 43,489 from Shanghai plant
Tesla’s share of the NEV market in China was 3.73 percent in October, and its share of the BEV market was 5.78 percent. Read more…
China’s NEV retail sales up 2.7% MoM to record 767,000 in Oct, CPCA data show
China’s NEV penetration rate at retail was 37.8 percent in October, up from 36.9 percent in September. Read more…
TrendForce expects China’s power battery price decline to continue into 2024
China’s lithium battery industry’s overcapacity will continue into 2024, and battery prices will still decline next year, TrendForce said. Read more…
Saudi Arabia’s sovereign wealth fund in talks to invest in Chinese EV maker Human Horizons, report says
Saudi PIF could invest at least $250 million in Human Horizons at a valuation of $3 billion, and a deal could be reached as early as this year, according to Bloomberg. Read more…
Lithium carbonate prices keep falling as supply-demand imbalance fears persist
The average price of battery-grade lithium carbonate in China is falling close to RMB 150,000 per ton, about half of what it was at the end of June, as supply-demand imbalances continue. Read more…
Xpeng Q3 earnings preview: In-line results expected, margins likely to beat
“In light of China’s EV market remaining ultra competitive for the foreseeable future, Xpeng’s strategy continues to resonate well with us, making the stock our Top Pick in the group,” Deutsche Bank said. Read more…
