DeepRoute and Tencent have partnered in the mapping space to create smart driving cars that don’t come with HD maps. Read more…
Category: CnEVPost
Nio Alps’ 1st model to be SUV, deliveries to begin in H2, report says
Alps is targeting the family car market priced between RMB 200,000 ($28,000) and RMB 300,000, according to local media. Read more…
Tesla sells 75,805 cars in China in Dec, exports 18,334 from Shanghai plant
In the fourth quarter, Tesla sold 169,935 vehicles in China, accounting for 35 percent of its global deliveries of 484,507 vehicles. Read more…
Nio needs to put every penny of investor and shareholder money to good use, says William Li
Nio needs to continue to improve its financial performance to support the company’s sustainable growth, and has a responsibility and obligation to put every penny of investor and shareholder money to good use, Li said. Read more…
China’s NEV retail reaches record 945,000 in Dec, 7.74 million for full year 2023
For the full year 2023, China’s NEV penetration at retail was 35.7 percent, up 8.1 percentage points from 2022. Read more…
China EV insurance registrations for week ending Jan 7: Nio 3,000, Li Auto 4,300, Tesla 3,200
Insurance registrations for major EV makers in China fell significantly last week, as the beginning of the year and the start of the month are typically low for deliveries. Read more…
Chinese LiDAR maker Hesai unveils ultra-long range ADAS LiDAR AT512
The AT512 has 512 laser channels and a maximum detection range of over 400 meters. Read more…
Global EV battery market share in Jan-Nov: CATL 37.4%, BYD 15.7%
CATL’s share in the January-November period was higher than the 35.7 percent it achieved in the same period last year, and higher than the 36.9 percent in the January-October period. Read more…
Nio puts 10 charging stations supporting vehicle-to-grid into operation in Shanghai
The facilities allow vehicles to charge during low electricity use and discharge during peak times, helping to smooth the load on the grid and provide financial rewards for vehicle owners. Read more…
Li Auto to use Nvidia’s Drive Thor autonomous driving chip in next-gen EVs
Li Auto’s local counterpart Nio has unveiled its first in-house developed autonomous driving chip, which will be used in the ET9 executive flagship sedan. Read more…
Morgan Stanley cuts earnings estimates across China’s auto chain
Morgan Stanley cut its price targets on Nio and Xpeng, while raising its price target on Li Auto and maintaining its Overweight rating on them. Read more…
Great Wall Motor’s cars to be assembled in Malaysia starting in 2024
Malaysia’s EPMB will locally assemble Great Wall Motor’s electric vehicles, as well as a number of its models including its SUVs. Read more…
Xiaomi EV says ultimate goal to get its cars on every street in the world
Xiaomi EV’s ultimate goal is to have Xiaomi vehicles driving around on every street in the world, it said. Read more…
Zeekr aims to deliver over 200,000 vehicles in 2024, exec hints
Zeekr delivered its 200,000th vehicle since its inception today, and an executive said the next 200,000 deliveries will be made within 12 months. Read more…
Evergrande NEV president detained on suspicion of criminal behavior
Evergrande NEV president Liu Yongzhuo has been taken into criminal detention on suspicion of violating the law, an announcement said. Read more…
Chery’s Exeed brand rolls out new variant for Sterra ES, lowers starting price by $3,770
The Sterra ES hit the market less than 20 days ago, and the new variant lowers the starting price by 12 percent, underscoring the brutal competition in China’s EV market. Read more…
Dongfeng’s new brand Nammi launches 1st EV model with starting price of $10,470
Nammi is Dongfeng’s new brand launched in August 2023 with the goal of surpassing 400,000 sales by 2025. Read more…
Zeekr reaches 200,000 EV delivery milestone
Zeekr’s 200,000th vehicle delivered was the Zeekr 007, which hit the market on December 27, and the milestone means it has delivered 3,367 vehicles so far this month. Read more…
Nio’s hardware chief confirms he’s taking over phone business
Nio’s hardware chief Bai Jian has confirmed that he’s taking over the phone business, and hinted that the Nio Phone may use the company’s own image signal chips. Read more…
Li Auto reportedly planning to move up Li L6 launch from Jun to early Apr
The move is in response to competition from Huawei-backed Aito’s new M7, and Li Auto’s sales expectation for the Li L6 is 20,000 units per month, according to local media. Read more…
