At a time when the cost of fossil fuels is skyrocketing and sustainability is becoming increasingly important, Latin American consumers are eager for greener vehicles, Geely Auto said. Read more…
Category: CnEVPost
Global EV battery market share in 2023: CATL 36.8%, BYD 15.8%
As a comparison, CATL and BYD’s shares in 2022 were 36.2 percent and 13.9 percent, respectively. Read more…
China Jan EV battery installations: CATL share 49.41%, BYD 18.58%
CATL’s share of China’s EV battery market increased by 4.93 percentage points in January from December, while BYD’s share decreased by 4.37 percentage points. Read more…
China’s NEV retail sales down 29% MoM to 670,000 in Jan, preliminary CPCA data show
This means that the penetration of passenger NEVs at retail was 32.8 percent in January, down from 40.2 percent in December. Read more…
Nio announces board change, 2 CYVN appointees join
Nio today announced changes to its board of directors, with two people appointed by CYVN Holdings joining and one person appointed by Tencent dropping out. Read more…
China sells 729,000 NEVs in Jan, 39% lower than Dec, CAAM data show
In January, China sold 445,000 BEVs, 46.06 percent lower than in December, and 284,000 PHEVs, 21.98 percent lower than in December. Read more…
BYD to launch high-level smart driving feature at end of Mar, report says
The first availability of BYD’s city pilot assisted driving feature will be March 30, and the Denza N7 will be the first model to be able to use it, according to local media. Read more…
Li Auto gives employees big year-end bonuses for exceeding target in 2023
Li Auto CEO said the company is learning from Huawei’s management process and benefit sharing system. Read more…
Xpeng to launch new sedan codenamed F57 in H2, set to ditch LiDAR, report says
The F57’s smart driving system will remove LiDAR in favor of a pure vision solution and use 3D millimeter-wave radars, according to local media. Read more…
China EV insurance registrations for week ending Feb 4: Nio 3,100, Xpeng 2,700, Li Auto 7,200, Tesla 10,600
Most of the major EV makers saw insurance registrations fall last week, as the beginning of the month is usually a low point for deliveries. Read more…
Nio Capital closes over RMB 3 billion in new fundraising
Since its inception in 2016, Nio Capital has raised five funds, including three US dollar funds and two RMB funds, with a total management scale of RMB 15 billion. Read more…
Nio Alps’ 1st model to begin trial production in Jul, aims for tens of thousands of sales in 2024, report says
Nio has an aggressive target for the first model of Alps codenamed DOM, despite the short delivery window available during the year, according to the local media. Read more…
BYD to build charging facilities in Brazil with local energy firm Raízen Power
BYD and Raízen Power plan to build 600 new DC charging piles in eight major Brazilian cities. Read more…
Xpeng offers $2,780 limited-time discount on G6 SUV
The latest discount lowers the starting price of the Xpeng G6 to RMB 189,900. Read more…
Nio may launch new variants with shorter ranges for existing models, regulatory filing shows
Nio’s eight models are included in a regulatory catalog that all add significantly shorter range options. Read more…
Geely unit Geespace launches 2nd batch of 11 satellites for services including autonomous driving
In smart driving, users can access real-time high-precision positioning, and more accurate road features through in-vehicle terminals to help sense, decide, and control smart driving. Read more…
BYD and FAW’s joint battery project goes into production
FAW-FinDreams has a total planned capacity of 45 GWh, and will be able to provide blade batteries for nearly 600,000 vehicles when fully operational. Its initial production capacity is 15 GWh. Read more…
China’s Jan NEV wholesale at 700,000, down 37% from Dec, CPCA estimates show
China’s January wholesale sales of passenger NEVs are expected to be 700,000 units, up 80 percent year-on-year, but down 37 percent from December, the CPCA said. Read more…
Tesla sells 71,447 China-made cars in Jan, down 24% from Dec
The Tesla sales, which include exports from China to overseas markets, were up 8.17 percent year-on-year, but down 24.1 percent from December. Read more…
China power battery cell prices fall as much as 7% in Jan, TrendForce says
Pouch-type ternary power battery cells saw the biggest drop, falling 7.3 percent to $0.51 per Wh in January, TrendForce said. Read more…
