Gotion plans to set up the institute with Hong Kong-listed Envision to conduct research on battery energy storage system technologies and business models. Read more…
Category: CnEVPost
Price war in China’s passenger car market to remain fierce in 2024, says CPCA secretary-general
The process of new manufacturers replacing old ones in the process of establishing a new market order will likely continue for several years until a new landscape is formed, said Cui Dongshu of the CPCA. Read more…
Neta cuts prices by as much as $3,060 as price war intensifies
Neta cut the prices of almost its entire model range, with the compact SUV Neta X seeing the highest reduction. Read more…
Xpeng president Wang Fengying has taken over overseas business, report says
Wang has restructured Xpeng’s overseas business team, adding the Middle East as a key market and will invest more resources, according to local media. Read more…
Wuling follows BYD by cutting hybrid sedan price by $830
BYD is looking to accelerate the replacement of traditional fuel vehicles with NEVs at lower prices, and more automakers following suit is expected to speed up the process. Read more…
Lotus Tech files with Chinese securities regulator for US listing
Lotus Technology plans to merge with L Catterton Asia Acquisition Corp in order to list on the Nasdaq, issuing up to 181,315,064 ordinary shares. Read more…
Li Auto’s spring 2024 launch event to begin at 3:00 pm Beijing Time on Mar 1
Li Auto will launch its first BEV model, the Li Mega, as well as the 2024 L-series EREVs at the event. Read more…
BYD says it will bolster R&D investment as engineers exceed 90,000
To date, BYD has more than 90,000 R&D engineers and has filed more than 48,000 patents worldwide, according to an announcement. Read more…
BYD rolls out new, less expensive variants for 2 NEV models to further undercut fuel cars
BYD makes its hybrid models less expensive than its petrol counterparts in a strong second offensive against them. Read more…
BYD reportedly to launch lower-priced NEVs on Feb 20 to further offensive against ICE models
BYD will launch new variants of the Qin Plus and Chaser 05 in Glory Editions on February 20, both starting at RMB 79,800, or $11,100, according to local media. Read more…
Automakers’ share of China’s NEV market in Jan: BYD tops with 31%, Tesla 5th with 6%
Among the top 5, Tesla only produces BEVs, while the other automakers produce both BEVs and PHEVs. Read more…
Premium Chinese EV brand HiPhi halts production for 6 months
Employees will be paid as usual until February 18, and after March 15 only HiPhi employees in Shanghai will receive basic pay, according to local media. Read more…
China could see single-month NEV penetration exceed 50% this year, says BYD chairman
BYD is China’s largest NEV maker, capturing 35 percent of the country’s NEV market in 2023. Read more…
Nio’s charging map now accesses over 1 million 3rd-party chargers
By the end of 2023, there were 2.73 million public charging piles in China, according to an industry association. Read more…
Li Auto reportedly aims to have over 10,000 supercharging stations by 2025, more than tripling original target
Li Auto said it was targeting 3,000 charging stations by 2025 when it unveiled its all-electric solution at last year’s Shanghai auto show. Read more…
Nio showcases ET9’s SkyRide chassis system’s capabilities during winter test
A video shared by Nio shows the ET9 letting the thick snow covering its body fall through significant body shaking. Read more…
Xpeng has about 30 new and facelifted models planned for next 3 years, CEO says in internal letter
Xpeng’s two new platforms will see the launch of their respective first models in 2024, complementing the company’s lineup in the RMB 100,000 to RMB 400,000 price range. Read more…
BYD Yangwang to officially launch U9 electric supercar on Feb 25
In the minds of many Chinese residents, February 25 marks the real start of a new year’s work. Read more…
BYD mulls EV plant in Mexico
BYD is considering setting up an EV plant in Mexico as it seeks to establish an export hub to the US, Nikkei reported. Read more…
JAC says its luxury EV built with Huawei expected to hit market in 2025
JAC and Huawei will collaborate to build a luxury smart EV that is expected to hit the market in 2025, the automaker said. Read more…
