The two companies have entered into a joint sourcing program for common components for the vehicles and platforms used by both companies. Read more…
Category: CnEVPost
Svolt Energy’s battery plant in Thailand begins mass production
Svolt Energy expects its Thailand plant to supply more than 20,000 battery packs to local customers this year. Read more…
BYD launches revamped Han and Tang models with significantly lower prices
BYD has lowered the starting prices of the Han and Tang by RMB 20,000 and RMB 30,000 respectively, taking the price war further into the mid-to-high-end EV market. Read more…
China’s NEV retail at 283,000 in Feb 1-25, down 44% from same period last month
Retail sales of all passenger vehicles in China for the period February 1-25 were 861,000 units, down 25 percent year-on-year and down 43 percent from the same period last month. Read more…
Chinese EV makers’ CEOs react to Apple’s reported ditching of EV effort
Bloomberg reported that Apple is canceling its decade-long EV-making effort. CEOs of EV makers including Xpeng, Li Auto, Xiaomi, and Jiyue have expressed their views. Read more…
HiPhi in touch with Changan for takeover talks, report says
HiPhi began production halt on February 18 — the first working day after the Chinese New Year holiday — sparking fears about its fate. Read more…
IM Motors hints at shooting brake model as Zeekr launches refreshed 001
More EV makers are betting that the shooting brake style will become a new trend in China. Read more…
Zeekr launches refreshed Zeekr 001 with upgraded specs and reduced prices
Upgraded specifications and lower prices are expected to keep the Zeekr 001 competitive amid fierce price competition, thus helping Zeekr achieve its goal of doubling sales this year. Read more…
Polestar begins Polestar 3 production in China
Production of the Polestar 3 has begun in Chengdu, China, with additional production expected to begin in the US in mid-2024, Polestar said. Read more…
Great Wall to relaunch premium EV brand Saloon, report says
Saloon unveiled the Mecha Dragon at the Guangzhou auto show in November 2021, but no new developments on the all-electric sedan have been released since. Read more…
China EV insurance registrations for week ending Feb 25: Nio 2,300, Xpeng 1,200, Li Auto 6,200, Tesla 10,800
Between February 1-25, Nio was 5,100, Xpeng 3,000, Li Auto 16,200, BYD 81,000 and Tesla 24,300. Read more…
BYD showcases 8 models at Geneva auto show, Yangwang U8 makes European debut
BYD presented the Seal U DM-i at the Geneva auto show and plans to launch the model in Europe in the second quarter. Read more…
Arcfox announces entry into Dominican market
Arcfox has shipped vehicles to several countries and will accelerate its overseas sales and service network this year, it said. Read more…
Great Wall’s Tank brand launches Tank 700 Hi4-T off-road SUV
China’s off-road NEV market has a lot of room to grow, with steady-state monthly sales of the Tank 700 Hi4-T expected to reach 3,000 units, analysts say. Read more…
Xiaomi’s 1st EV model to start deliveries as soon as Q2, exec indicates
Xiaomi Group president said the formal release of the SU7 will come “very soon,” and indicated that domestic deliveries will begin as soon as the second quarter, according to CNBC. Read more…
Li Auto Q4 earnings: Deutsche Bank’s 1st look
Li Auto reported strong fourth-quarter results and provided a better-than-expected outlook for first-quarter sales, Deutsche Bank said. Read more…
Li Auto earnings call: Management expects deliveries to top 70,000 in Jun, has set up operations in Middle East
Li Auto management said they expect to see deliveries top 50,000 in March and 70,000 in June. Read more…
Neta has launched preparations for HK IPO, report says
Neta started preparations for its IPO in Hong Kong in the fourth quarter of 2023, with the amount of cornerstone investments signed up so far exceeding RMB 2 billion, according to local media. Read more…
Xpeng to report Q4 earnings on Mar 19
Li Auto already reported its fourth-quarter earnings earlier today, while Nio will report its earnings on March 5. Read more…
Nio signs technology license agreement with CYVN subsidiary Forseven
Nio will grant Forseven a worldwide license to use certain of the company’s existing and future technologies related to or subsisting in the company’s smart EV platforms. Read more…
