The Xiaomi YU7 secured over 200,000 firm orders in the first 3 minutes, marking another rare case in China’s EV market.
The starting price for the Xiaomi YU7 is RMB 253,500 ($35,360), lower than the Tesla Model Y’s RMB 263,500.
Category: CnEVPost
SAIC’s new car carrier joins fleet, bringing total to 37
Anji Commonality becomes SAIC’s 37th car carrier and will head to Europe on its maiden voyage.
SAIC’s logistics business, Anji Logistics, now operates eight international routes.
CATL to introduce battery swap tech to Europe
CATL has already talked with carmakers about using battery swap technology in Europe, said its board secretary Jiang Li.
Battery swap technology holds huge potential in Europe, as it can reduce battery costs and extend battery lifespan, Jiang noted.
Nio expected to enter Hong Kong market in Q4, report says
Nio is expected to enter the Hong Kong market in the fourth quarter and will work with a distributor to sell cars, according to a local media report.
Nio will also adopt this model in markets such as Azerbaijan and Brazil, said a company insider.
Xpeng launches X9 MPV in Indonesia, local assembly to begin in July
Xpeng will begin production of the right-hand drive version of the X9 in Indonesia in July, marking its first overseas localization project.
The right-hand drive version of the X9 has a starting price of 9.9 billion Indonesian rupiah (60,980 $) in Indonesia.
Exclusive: BYD’s production capacity remains stable, says source close to NEV maker
BYD’s sales have grown steadily, and its production capacity has remained stable, a source close to the company told CnEVPost.
BYD dealers’ inventory levels are also within reasonable ranges, the source added.
Huawei-backed Luxeed begins offering discounts as price war looks set to continue
Luxeed is offering consumers who buy its cars before July 31 a cash discount of RMB 20,000 ($2,790), becoming the latest participant in China’s auto price war.
Luxeed reached the milestone of delivering its 100,000th vehicle just one month ago.
China NEV retail at 691,000 in Jun 1-22, up 38% year-on-year
The penetration rate of NEVs in retail sales was 54.5 percent from June 1 to 22, and 50.06 percent year-to-date.
Year-to-date retail sales of all passenger vehicles in China have exceeded 10 million units.
BYD slows production, cutting output at some factories by a third, report says
BYD has slowed production and expansion in recent months, reducing shifts at some of its Chinese factories and delaying plans for new production lines, Reuters reported.
These measures have been implemented at least four factories, and BYD has also suspended plans for some new production lines.
BYD Zhengzhou, BYD’s 7th car carrier, begins sea trials
BYD Zhengzhou can carry 7,000 vehicles and is expected to be delivered to BYD next month.
To date, BYD’s fleet has transported over 70,000 of the company’s NEVs to destinations worldwide.
BYD Changsha sets sail, as BYD’s sixth car carrier joins fleet
BYD’s sixth car carrier, BYD Changsha, set sail today, just days after BYD Xi’an entered service.
The BYD Changsha is the third car carrier with a capacity of 9,200 vehicles after the BYD Shenzhen and BYD Xi’an.
BYD Xi’an to carry 7,000 cars to Europe on maiden voyage
About 7,000 NEVs are being loaded onto the BYD Xi’an car carrier, which will sail to countries including the UK, Italy, Spain, and Belgium, BYD said.
The BYD Xi’an was delivered to BYD and began its maiden voyage on June 21.
China EV insurance registrations for week ending Jun 22: Nio 3,250, Tesla 13,800, Xiaomi 4,600
Nio Inc, including the Nio, Onvo, and Firefly brands, saw 5,170 insurance registrations in China last week, up 9.30 percent from the previous week.
Tesla’s insurance registrations in China last week decreased by 10.97 percent from the previous week’s 15,500 units.
Nio Firefly launches BaaS plan, lowering purchase threshold by over 30%
Firefly launched BaaS car purchase plan, lowering starting price to RMB 79,800 ($11,120), a drop of over 30 percent from the starting price that includes the battery pack.
Firefly originally planned to launch its BaaS pland on August 1.
China sees 33% drop in car imports in Jan-May, with US cars plummeting 48%
In January-May, China imported 180,000 cars, down 33 percent year-on-year, marking a rare sharp decline for January-May in recent years.
During this period, imports of US cars to China dropped to 18,849 units, a year-on-year decrease of 48 percent, with the decline continuing in May.
BYD offering rebates to dealers in China, report says
BYD is offering rebates to its dealers in China of RMB 666 ($93) per vehicle, according to a local media report.
BYD provided rebates to dealers early last year, at the same rate of RMB 666 per vehicle.
Nio Onvo to begin pre-sales of L90 in early Jul
The L90 will begin pre-sales in early July, with display vehicles available at all Onvo stores, according to Onvo president Shen Fei.
The L90 will be the first model launched under Shen Fei, who replaced Alan Ai in April as Onvo president.
WeRide has confidentially filed for Hong Kong listing, report says
WeRide is one of China’s earliest companies focused on smart driving solutions, and went public on the Nasdaq in October 2024.
WeRide is the latest company reported to have confidentially filed for a Hong Kong listing following adjustments to the city’s listing regulations.
Xpeng’s flying car unit appoints first CFO as it eyes IPO
Du Chao, a Wall Street banker with extensive experience in overseas IPO financing, has joined Xpeng Aeroht.
Du previously served as CFO at 17 Education & Technology and led the company’s listing on the Nasdaq.
BYD’s global model Yuan Plus reaches 1 million sales milestone
The Yuan Plus was initially launched in February 2022 and currently has a starting price range of RMB 115,800 ($16,110) to RMB 145,800 in China.
The Yuan Plus has already been launched in multiple overseas markets under the name Atto 3.
