BYD is focusing on its main businesses and has no plans to launch motorcycles, an executive said, after some patent drawings sparked speculation. Read more…
Category: CnEVPost
China’s commerce minister to visit Europe over EV tariffs
China’s Commerce Minister Wang Wentao will visit Europe in recent days and on September 19 will talk with EU trade chief Dombrovskis on the EU’s anti-subsidy investigation case against Chinese EVs. Read more…
China asks carmakers to keep key EV tech at home, encourages export of knock-down kits for local assembly, report says
China has strongly advised its automakers to ensure that advanced EV technology stays at home and encouraged them to export knock-down kits to foreign factories for final assembly, according to Bloomberg. Read more…
Neta signs multiple deals in Mexico to pave way for Q4 market entry
Neta has signed partnership agreements with BBVA Mexico, Mexico’s largest financial institution, an EV association, and local dealers. Read more…
BYD launches Yuan Pro in Brazil
BYD has launched the Yuan Pro — known as the Yuan Up in China — in Brazil, the 11th model it has offered in the South American country. Read more…
China NEV retail at 214,000 in Sept 1-8, up 11% from same period last month
China’s NEV retail penetration was 55.15 percent in the September 1-8 period, and 44.92 percent year-to-date. Read more…
CATL suspends lithium production in Jiangxi, sending lithium producer shares soaring
A rumor — later confirmed — that CATL had suspended lithium production in Jiangxi sent shares of major lithium producers soaring. Read more…
BYD launches M6 electric MPV in Thailand
The BYD M6 has a starting price of around $24,700 in Thailand. The model went on sale in Indonesia in July. Read more…
BYD exec denies 2024 sales target raised to 4 million units
A BYD executive said the company’s sales are doing well at the moment, but he hasn’t heard that the sales target has been revised upward. Read more…
BYD Denza to formally launch Z9GT on Sept 20
Denza started the pre-sales of the Z9GT on August 20, with a price range of RMB 339,800 ($47,770) to RMB 419,800. Read more…
Automakers’ share of China NEV market in Aug: BYD tops with 37.0%, Tesla 3rd with 6.2%
In the January-August period, BYD was No. 1 in the NEV market with a 34.6 percent share, while Tesla was No. 3 with 6.5 percent. Read more…
Baidu-backed Jiyue launches 2nd EV model as sales begin to show momentum
Jiyue has launched the Jiyue 07 electric sedan with a starting price of RMB 209,900 ($29,480). It delivered 2,117 vehicles in August, up 107.75 percent from July. Read more…
Baidu-backed Jiyue to become new member of Nio-led battery swap alliance
Jiyue CEO said the EV maker has entered into a strategic partnership with Nio on battery swap and will soon officially become part of Nio’s battery swap alliance. Read more…
Huawei-backed Aito launches 5-seat variant of M9 to further tap luxury SUV market
Aito has launched a five-seat variant of its flagship SUV, the M9, at a starting price of RMB 469,800 ($66,000), following the success of the six-seat version in the luxury SUV market. Read more…
China EV battery installations in Aug: CATL’s share 44.46%, BYD 24.96%
CATL’s share in August decreased by 2.84 percentage points from July, while BYD increased by 2.14 percentage points. Read more…
EU to lower proposed tariffs on EVs from China, report says
The European Union is set to make small reductions in the proposed additional tariff rates on EVs from China, with Tesla facing a reduction from 9 percent to just under 8 percent, according to Bloomberg. Read more…
BYD raises 2024 sales target to 4 million units
BYD has raised its annual sales target to 4 million units, Morgan Stanley analyst Tim Hsiao said in a research note citing comments from BYD’s management. Read more…
China NEV sales rise to 1.1 million in Aug, 2nd-highest on record, CAAM data show
China’s BEV sales rebounded to 646,000 units in August, up 17.24 percent from July, while PHEV sales rose to a new record high of 453,000 units. Read more…
China EV insurance registrations for week ending Sept 8: Nio 4,500, Tesla 16,200, Xiaomi 3,200, BYD 73,600
Li Auto had 10,700 insurance registrations last week, Xpeng 3,600, Zeekr 4,600, Leapmotor 6,300 and Aito 7,700. Read more…
Xpeng asks suppliers to boost capacity as Mona M03 orders exceed 2,000 units per day
Xpeng is asking suppliers to boost capacity for the Mona M03 to help it improve delivery efficiency, saying in a letter that recent orders for the new model exceeded 2,000 units per day. Read more…
