Nio Power has secured a RMB 1.5 billion strategic investment, the first external investment in the unit. Read more…
Category: CnEVPost
Li Auto sees 20,000th Li L6 roll off line
Li Auto said Li L6 production capacity continues to climb and will top 20,000 units next month. Read more…
Leapmotor axes overseas operations team in marketing reshuffle, report says
Leapmotor’s move to dismantle its overseas operations unit may be part of its partnership deal with Stellantis, according to local media. Read more…
Nio delivers over 20,000 cars in May, mobile app poster hints
The only other time Nio has previously seen single-month deliveries exceed 20,000 was in July 2023 with 20,462 units. Read more…
Nio to start formal operations of 150-kWh ultra-long-range battery pack on Jun 1
Starting June 1 at 10 am Beijing Time, Nio owners will have the option to rent the 150-kWh battery pack on a daily basis, giving their vehicles up to 1,000 km of range. Read more…
EV stocks surge in HK ahead of May deliveries, Nio leads with 10% gain
Insurance registrations for Nio vehicles were 15,400 for May 1-26, already close to the full month of deliveries in April. Read more…
Tesla wins lawsuit in China against roof-top protesting lady car owner
The lady, who protested by getting on top of a Tesla show car during the 2021 Shanghai auto show, was ordered to apologize to Tesla and pay damages of RMB 172,275 ($23,810) in a first instance ruling. Read more…
Tesla preparing to register FSD with Chinese authorities, report says
Tesla will be able to let its employees test its FSD internally on public roads once it successfully registers it with Chinese authorities, and then offer it as an upgrade to Chinese users in the coming months, according to Reuters. Read more…
BYD’s 1st showroom in Saudi Arabia opens
BYD said it has built up a team of more than 100 people in Saudi Arabia and will open more stores there. Read more…
Xiaomi denies as rumors swirl that it plans to acquire stake in Evergrande NEV
Earlier today, rumors spread that Xiaomi EV was planning to acquire a 58.5 percent stake in Evergrande NEV in order to use the latter’s existing factories to address its capacity issues. Read more…
Great Wall Motor to close European headquarters, report says
Great Wall Motor plans to close its European headquarters in Munich at the end of August and fire all of the 100 or so local employees, according to a German media report. Read more…
IM Motors plugs into Nio’s charging network
IM Motors has become the second EV maker to connect to Nio’s charging network this month after GAC Aion’s Hyper brand. Read more…
China NEV retail at 574,000 in May 1-26, up 2% from same period last month
China’s retail penetration of NEVs stood at 47.51 percent in May 1-26, and 39.93 percent year-to-date. Read more…
Morgan Stanley cautions of possible new price competition following BYD’s launch of 5th-gen DM tech and new models
“While new launches should boost wholesale volume, we would monitor whether it could spark another round of price competition,” Morgan Stanley said. Read more…
China may devote about $830 million to support all-solid-state battery R&D, report says
Six companies, including CATL, BYD, FAW, SAIC, WeLion and Geely, may receive basic government R&D support, according to China Daily. Read more…
BYD launches Qin L, Seal 06 hybrid sedans, both with 5th-gen DM tech
The Seal 06 DM-i and Qin L DM-i are the first two models to feature BYD’s fifth-generation DM technology, both available in five variants and with a price range of RMB 99,800 ($13,770) to RMB 139,800. Read more…
BYD launches 5th-gen DM hybrid tech with lower fuel consumption
BYD’s fifth-generation DM technology allows the vehicle to consume as low as 2.9 liters of fuel per 100 kilometers at low charge, with a combined range of up to 2,100 kilometers. Read more…
China EV insurance registrations for week ending May 26: Nio 5,400, Tesla 13,100, BYD 55,000, Xiaomi 2,700
Xpeng was 1,900 last week, Li Auto 8,600, Zeekr 4,600. Read more…
Neta says Neta L SUV gets over 30,000 orders after 35 days of launch
Deliveries of the Neta L have been delayed as 95 percent of customers opted for the highest priced variant. Read more…
Xpeng Mona’s 1st model spotted without camouflage
Xpeng management said earlier this month that Mona’s first model will be unveiled in June and will go on sale and begin deliveries in the third quarter. Read more…
