Yangwang U7 will have more than 1,000 horsepower and will push the limits of sedan performance, Yangwang said. Read more…
Category: CnEVPost
Tesla Dec sales in China: Model 3 at 15,750, Model Y at 60,055
For the full year 2023, Model Y retail sales in China were up 44.74 percent year-on-year to 456,394 units, while Model 3 sales were up 18.33 percent year-on-year to 147,270 units. Read more…
Nio Dec deliveries breakdown: ES6 at 6,943, ET5 Touring at 3,331
Except for the flagship SUV ES8, all other Nio models saw deliveries increase in December compared to November. Read more…
BofA downgrades rating on Nio to Neutral from Buy
Nio has no new models in the first three quarters of 2024, sales growth is likely to be low, and it may need to offer price discounts for its existing models amid stiff competition, BofA said. Read more…
Zeekr rolls out 2024 Zeekr X, 9 months after initial launch
The 2024 Zeekr X eliminates the previous, lower-priced entry-level version and retains the other two versions, but at reduced prices. Read more…
Full text: Nio CEO William Li’s 1st letter to employees in 2024
In the letter, Li laid out his views on the competition in the EV industry in 2024, as well as Nio’s priorities. Read more…
Chinese EV tech firm U Power unveils skateboard chassis that can help automakers accelerate EV making
U Power said its UP Super Board can cut development time by at least six months, ultimately reducing the cost and time to market of EV products. Read more…
DeepRoute to fit its autonomous driving solution that doesn’t rely on HD maps into consumer cars in 2024
DeepRoute and Tencent have partnered in the mapping space to create smart driving cars that don’t come with HD maps. Read more…
Nio Alps’ 1st model to be SUV, deliveries to begin in H2, report says
Alps is targeting the family car market priced between RMB 200,000 ($28,000) and RMB 300,000, according to local media. Read more…
Tesla sells 75,805 cars in China in Dec, exports 18,334 from Shanghai plant
In the fourth quarter, Tesla sold 169,935 vehicles in China, accounting for 35 percent of its global deliveries of 484,507 vehicles. Read more…
Nio needs to put every penny of investor and shareholder money to good use, says William Li
Nio needs to continue to improve its financial performance to support the company’s sustainable growth, and has a responsibility and obligation to put every penny of investor and shareholder money to good use, Li said. Read more…
China’s NEV retail reaches record 945,000 in Dec, 7.74 million for full year 2023
For the full year 2023, China’s NEV penetration at retail was 35.7 percent, up 8.1 percentage points from 2022. Read more…
China EV insurance registrations for week ending Jan 7: Nio 3,000, Li Auto 4,300, Tesla 3,200
Insurance registrations for major EV makers in China fell significantly last week, as the beginning of the year and the start of the month are typically low for deliveries. Read more…
Chinese LiDAR maker Hesai unveils ultra-long range ADAS LiDAR AT512
The AT512 has 512 laser channels and a maximum detection range of over 400 meters. Read more…
Global EV battery market share in Jan-Nov: CATL 37.4%, BYD 15.7%
CATL’s share in the January-November period was higher than the 35.7 percent it achieved in the same period last year, and higher than the 36.9 percent in the January-October period. Read more…
Nio puts 10 charging stations supporting vehicle-to-grid into operation in Shanghai
The facilities allow vehicles to charge during low electricity use and discharge during peak times, helping to smooth the load on the grid and provide financial rewards for vehicle owners. Read more…
Li Auto to use Nvidia’s Drive Thor autonomous driving chip in next-gen EVs
Li Auto’s local counterpart Nio has unveiled its first in-house developed autonomous driving chip, which will be used in the ET9 executive flagship sedan. Read more…
Morgan Stanley cuts earnings estimates across China’s auto chain
Morgan Stanley cut its price targets on Nio and Xpeng, while raising its price target on Li Auto and maintaining its Overweight rating on them. Read more…
Great Wall Motor’s cars to be assembled in Malaysia starting in 2024
Malaysia’s EPMB will locally assemble Great Wall Motor’s electric vehicles, as well as a number of its models including its SUVs. Read more…
Xiaomi EV says ultimate goal to get its cars on every street in the world
Xiaomi EV’s ultimate goal is to have Xiaomi vehicles driving around on every street in the world, it said. Read more…
