Ding Lei said that he was using old-fashioned business strategies and was no match for his counterparts from Internet companies. He also said that there have been companies expressing interest in HiPhi, including acquisitions and investments. Read more…
Category: CnEVPost
Nio to report Q4 earnings on Mar 5
Nio delivered 50,045 vehicles in the fourth quarter, exceeding the upper end of its previous guidance range of 47,000 to 49,000 vehicles. Read more…
Huawei strikes strategic partnership with Dongfeng’s electric off-road brand M Hero
Huawei and M Hero are still discussing specific partnership models, with those based on parts supply or the HI model being prioritized. Read more…
Nio needs to sort out its strategic direction to turn profitable in foreseeable future, analysts say
Nio still needs to get its strategic direction sorted out before it can expect to turn profitable in the foreseeable future, particularly for its second brand, Alps, analysts at CMB International said. Read more…
Nio App resumes showing wait times, most models 2-4 weeks
ET5 Touring, ES6, EC6, EC7, ES8 all have wait times of 2-4 weeks, while the ET5 has 9-11 weeks and the ES7 11-13 weeks. Read more…
Xpeng announces dealer partnerships in 5 overseas markets, local deliveries to begin in Q2
Xpeng established dealer partnerships in the UAE, Egypt, Azerbaijan, Jordan and Lebanon, with plans to expand to other European markets including Germany, the UK, Italy and France this year. Read more…
Nio starts taking orders for 2024 models: Prices unchanged, deliveries of 5 models to start in Mar
Deliveries of the new ES8, EC7, ES6, EC6, and ET5 Touring will begin in March, the ET5 in April, and the ES7 in May. Read more…
Great Wall-backed autonomous driving startup Haomo raises over RMB 100 million in new funding round
Haomo’s new funding is the first in the autonomous driving space after China’s Lunar New Year holiday, and one of the few large amounts raised in the space during the capital winter of the past couple of years. Read more…
Li Auto CEO calls on China to establish mechanism to facilitate M&As between automakers
Li Auto CEO calls on China’s policy makers to establish a mechanism to facilitate mergers and acquisitions between auto companies, amid widespread discussions over HiPhi’s production halt. Read more…
BYD’s battery unit FinDreams to supply blade battery cells to US parts supplier BorgWarner
FinDreams’ cells will be used in BorgWarner’s LFP battery packs for commercial vehicles in Europe, the Americas and selected parts of Asia-Pacific. Read more…
Zeekr to launch updated 001 on Feb 27; Zeekr 007 sees 10,000th car roll off line
The Zeekr 001, Zeekr’s first model, was launched on April 17, 2021 and has been the company’s main seller. Read more…
China’s NEV retail at 165,000 in Feb 1-17, down 44% from same period last month
China’s NEV sales declined significantly in the first three weeks of February, mainly due to the Chinese New Year holiday. Read more…
Lotus Tech to begin trading on Nasdaq on Feb 23
Lotus Technology’s business combination with a SPAC is expected to close on February 22 and will trade under the ticker symbol “LOT”. Read more…
Buick launches updated Electra E4 in China with $4,180 lower starting price
Buick has become the latest to join the price war, with significant price cuts for all four trims of the Electra E4. Read more…
Li Auto owners drive 74.73 million km with assisted driving in Chinese New Year break
From February 8-17, Li Auto owners drove 74.73 million kilometers with the AD assisted driving system turned on, including 49.54 million km of NOA mileage. Read more…
Nio Firefly: Spy shots of suspected debut model revealed for 1st time
Although the car is tightly wrapped in camouflage, it can be seen looking similar to the Zeekr X or Volkswagen’s ID.3. Read more…
Nio’s busiest swap station offers 195 services in 1 day during Chinese New Year holiday travel rush
Nio’s battery swap stations provided a total of 871,477 services from February 8-18, with a peak of 90,199 services in a single day. Read more…
Changan’s NEV arm Deepal launches updated SL03 BEV with lower starting price
Deepal has lowered the starting price of the SL03 BEV by RMB 7,000 and is offering customers an additional RMB 10,000 cash discount. Read more…
BYD to launch refreshed Dolphin on Feb 23, may continue its push for lower prices
BYD yesterday launched lower-priced updated versions of its two budget sedans, triggering several local peers to follow suit with price cuts. Read more…
China EV insurance registrations in Feb 5-18: Nio 1,500, Xpeng 1,000, Li Auto 7,000, Tesla 8,200
Insurance registrations for major EV makers in China have dropped significantly over the past two weeks as people celebrate the traditional Chinese New Year holiday. Read more…
