As Black Myth: Wukong becomes a global hit, images of a character resembling Nio’s CEO have been widely circulated, giving Nio unexpected exposure. Read more…
Category: CnEVPost
Avatr kicks off Avatr 012 pre-sales: Starts at $98,110, limited to 700 units
The Avatr 012 is Avatr’s second limited-edition model, based on the Avatr 12 electric sedan with different features to emphasize its more premium positioning. Read more…
China NEV retail at 490,000 in Aug 1-18, up 27% from same period last month
China’s NEV retail penetration rate was 54.02 percent in August 1-18, and 43.92 percent year-to-date. Read more…
Zeekr to launch hybrid model in H2 2025 in major strategy shift
Zeekr will launch a flagship SUV in the second half of 2025 that will offer a variant with a new electric-hybrid powertrain technology, its CEO said. Read more…
Xiaomi formally sets 2024 car delivery target of 120,000, reveals EV business financial performance for 1st time
In the second quarter of 2024, Xiaomi’s innovative businesses, including smart EVs, generated total revenue of RMB 6.4 billion ($900 million), with a gross margin of 15.4 percent. Read more…
Li Auto reaches 900,000 cumulative deliveries milestone
This means that Li Auto has delivered 26,655 vehicles so far this month, considering that it had 873,345 cumulative deliveries as of the end of July. Read more…
GAC Aion’s new plant goes into operation with annual capacity of 200,000 cars
The Changsha plant is GAC Aion’s third, and its other two plants have a combined annual capacity of 400,000 vehicles. Read more…
Avatr unveils extended-range system to capitalize on hybrid preference and boost sales
Avatr has unveiled an extended-range system called Kunlun, which will first be used in the Avatr 07 SUV. Read more…
Zeekr sees Q2 revenue up 36% from Q1, gross margin rises to 17.2%
Zeekr reported gross margins of 17.2 percent in the second quarter, compared to 12.3 percent in the second quarter of 2023 and 11.8 percent in the first quarter of 2024. Read more…
Zeekr gets L3 autonomous driving test permit in Hangzhou after Shanghai
Zeekr has been awarded an L3 autonomous driving test permit in Hangzhou, and will be able to test the L3 capabilities of its SEA Intelligent Driving system on the city’s highways and urban expressways. Read more…
SAIC to integrate IM Motors and Rising Auto’s R&D teams to reduce costs, report says
The R&D teams of IM Motors and Rising Auto, and power battery, smart driving, and chassis technology programs, will be relocated to SAIC’s R&D innovation headquarters, according to local media. Read more…
BYD Denza starts Z9GT pre-sales: Built on powerful e3 tech, starting at $47,620
The Z9GT will officially go on sale and begin deliveries in September, and its powerful performance and lower-than-expected prices mean Denza has high hopes for its sales. Read more…
EU unveils new proposed tariffs for EVs from China, 9% for Tesla
BYD, Geely, and SAIC all face slightly lower tariff rates than previously, while Tesla’s 9 percent is well below the 20.8 percent indicated last month. Read more…
Xpeng sees gross margin improve further in Q2, net loss narrows
Xpeng reported revenues largely in line with expectations in the second quarter, with gross margin increasing sequentially for the fourth consecutive quarter and net loss narrowing slightly from the first quarter. Read more…
Avatr signs deal to become 2nd-largest shareholder in Huawei’s auto unit Newcool
Newcool’s business scope will cover full-stack solutions for smart cars and is expected to grow into China’s largest smart car solution provider, analysts said. Read more…
Nio Power Up 2024 event: Live updates
Nio Power will build a new battery swap station manufacturing center in Wuhan, targeting an annual capacity of over 1,000 battery swap stations. Read more…
China EV insurance registrations for week ending Aug 18: Nio 3,300, Tesla 14,300, Xiaomi 2,600, BYD 78,500
Li Auto had 10,700 insurance registrations last week, Xpeng 2,300 and Zeekr 3,500. Read more…
BYD enters Pakistan with 3 models, considers local plant
BYD has launched the Atto 3, Seal EV, and Sealion 6 in Pakistan and said it may open an NEV assembly plant in Karachi. Read more…
Xpeng Mona M03 launch event to begin at 7 pm Beijing Time on Aug 27
The Xpeng Mona M03 will have a starting price of no more than RMB 135,900 ($19,030), according to a previous poster from the company. Read more…
BYD launches 2025 Song Plus EV with unchanged starting price and upgraded features
The starting price of the 2025 Song Plus EV remains unchanged at RMB 149,800 ($20,980), but the top-trim variant is priced 7.38 percent lower. Read more…
