China’s retail penetration of NEVs was 38.7 percent in the December 1-17 period, and 35.3 percent year-to-date. Read more…
Category: CnEVPost
Svolt Energy’s Thailand plant sees 1st battery pack roll off line
The battery pack, which is expected to be available in volume in the first quarter of 2024, will first be fitted to the Good Cat model of Great Wall Motor’s Ora brand. Read more…
Nio reaches 150 swap stations in Shanghai, nears year-end target of 2,300 in China
Nio has reached 2,292 battery swap stations in China, with just eight left to reach its year-end target of 2,300. Read more…
Nio teases core features of ET9: 900 V high-voltage architecture, wire-controlled chassis
The ET9 will be built on a 900 V high-voltage architecture to support faster charging and will also have an intelligent wire-controlled chassis for continuous upgradability, Nio executives said. Read more…
WeLion expects to begin volume supply of semi-solid-state battery cells to Nio in Apr 2024
WeLion expects to begin supplying semi-solid-state battery cells to Nio in volume in April 2024, depending on Nio’s needs. Read more…
Half of Nio’s models see longer wait times
Four of Nio’s eight models saw slightly longer wait times, while two others saw shorter wait times. Read more…
Xiaomi fires 3 auto business employees for unauthorized meetings with investment institutions
They spread a large amount of false and inaccurate information, which seriously misled the market and disrupted the normal operation of Xiaomi’s automotive business, Xiaomi said. Read more…
Alibaba’s planned stake sale should have transient impact on Xpeng shares, says Morgan Stanley
The direct impact of Alibaba’s share sale on Xpeng shares should be transient and manageable, Morgan Stanley said. Read more…
BYD donates RMB 10 million for earthquake relief in northwest China’s Gansu
Gansu was hit by a 6.2-magnitude earthquake late last night, which has killed 105 people and injured 186 others. Read more…
China EV insurance registrations for week ending Dec17: Nio 3,400, Xpeng 4,800, Li Auto 11,300, Tesla 18,300
Between December 1 and December 17, Nio was 7,900, Xpeng 8,700 and Tesla 41,700 units. Read more…
CYVN to become Nio’s largest shareholder, while William Li to retain most voting rights
At the end of February, Li’s stake in Nio was 10.5 percent, with 44.2 percent of the voting rights. CYVN will hold a 20.1 percent stake in Nio after its latest investment. Read more…
BYD catches up with Tesla in global BEV market share in Q3
BYD has caught up with Tesla’s 17 percent share of the global BEV market in the third quarter and is expected to overtake Tesla as the global leader in the fourth quarter, Counterpoint Research said. Read more…
Xpeng sees price competition continuing until traditional OEMs can’t profit on ICEs
Xpeng believes that expanding volumes is critical, and will continue to prioritize volumes into 2024, as well as improving profitability through cost reductions. Read more…
IM Motors gets permit to test L3 self-driving vehicles in Shanghai
IM Motors is applying to the Chinese industry regulator for L3 product entry, with its models expected to be among the first to begin L3 self-driving pilots. Read more…
BREAKING: Nio announces $2.2 billion strategic equity investment from CYVN
CYVN will increase its stake in Nio to about 20 percent with its latest investment, after finishing a roughly $1.1 billion investment in July. Read more…
Mercedes-Benz gets L3 self-driving test permit in Beijing
Last week BMW said it was licensed to test vehicles with L3 self-driving features in Shanghai. Read more…
EV battery maker Rept makes HK stock market debut with market cap above CALB
Rept’s latest market capitalization of HK$42.4 billion overtook CALB as the highest lithium battery maker listed in Hong Kong. Read more…
Neta, LK Technology to jointly develop ‘world’s largest’ die-casting machine
Neta and LK Technology will jointly develop a die-casting machine in the 20,000-ton class, which is expected to reduce the manufacturing time of vehicle chassis from 1-2 hours to 1-2 minutes. Read more…
Xpeng offers $1,400 limited-time discount on G6
G6 delivered 8,750 units in November, contributing 43.66 percent of Xpeng’s monthly deliveries of 20,041 units. Read more…
Xiaomi CEO has high hopes for 1st EV model with heavy R&D investment
Xiaomi’s EV unit will use proven technology, as well as invest ten times more than the industry, to ensure success, according to Lei Jun. Read more…
