Xiaomi EV said it has a delivery target of 300,000 units in 2025, and will continue to expand capacity in the new year.
Xiaomi EV is expected to launch its second model, the YU7, this summer.
Category: CnEVPost
Leapmotor delivers 25,170 cars in Jan, down 40.8% from Dec while doubling from a year ago
In the Chinese auto market, the beginning of the year is usually the low point for deliveries, while the end of the year is usually the high point.
Leapmotor is targeting 2025 deliveries of 500,000 vehicles.
Xpeng delivers 30,350 cars in Jan, overtaking Li Auto for 1st time in over 2 years
Xpeng’s monthly deliveries surpassed local counterpart Li Auto for the first time since September 2022.
The Mona M03 once again delivered more than 15,000 units.
Li Auto delivers 29,927 cars in Jan, almost halves from Dec
Li Auto delivered 29,927 vehicles in January, down 48.85 percent from December and down 3.97 percent from the same month last year. Read more…
Nio ramps up car purchase incentives, launches 5-year 0-interest financing
Nio has joined Tesla in starting to offer a five-year zero-interest financing program.
It is offering new customers 20,000 km of free battery swap service.
Tesla Q4 earnings miss as incentives more intense than expected
The auto business was the main reason for Tesla’s weaker-than-expected results, as incentives were more aggressive than expected.
Gross margin in the fourth quarter was 16.3 percent, about half of what they were in the first quarter of 2022.
Tesla’s facelifted Model Y exceeds 70,000 orders in China in 5 days after launch, report says
The facelifted Model Y has been better accepted than the facelifted Model 3 in China, according to local media.
Show cars of the facelifted Model Y have been gradually shipped to Tesla’s showrooms in China.
Nio Onvo sees over 5,000 battery swap services in single day
Cumulative deliveries of Onvo stood at 20,761 units at the end of December.
Earlier this week, Nio provided more than 100,000 battery swap services in a single day.
Xiaomi SU7 total deliveries have exceeded 150,000 units, says CEO
The SU7 delivered more than 135,000 units in 2024, Xiaomi previously said.
Xiaomi will begin deliveries of the SU7 with a special red exterior color in March.
Nio sees over 100,000 battery swap services in single day
Nio offered 103,919 battery swap services on January 23, as peak travel arrives ahead of the Chinese New Year holiday.
Nio currently has 3,064 battery swap stations in China, of which 955 are located along highways.
BYD Fang Cheng Bao recalls 6,843 Bao 5 cars for motor controller issue
The bolts inside the motor controller of some of the cars may not be locked properly, which in extreme cases may lead to smoke and fire.
Fang Cheng Bao’s deliveries for the full year 2024 amount to 56,388 units.
Xiaomi recalls 30,931 SU7 EVs over parking assist software issue
This is the first recall by Xiaomi EV.
Xiaomi EV suffered 255 complaints for faulty parking assistance software.
Tesla recalls over 1.2 million cars in China for software issues, to offer OTA update fixes
The software issues include reverse camera not displaying and steering assistance being limited.
In August 2024, Tesla had recalled more than 1.68 million vehicles in China due to software issues.
BYD outsells Toyota, Tesla to become top-selling carmaker in Singapore in 2024
BYD sold 6,191 cars in Singapore in 2024, higher than Toyota’s 5,736 and Tesla’s 2,384.
BYD’s share of the Singapore car market was 14.39 percent in 2024.
China NEV retail at 423,000 in Jan 1-19, down 39% from same period last month
For January 1-19, China’s retail sales of all passenger cars were 1.05 million units, 5 percent lower than the same period last year and 27 percent lower than the same period last month.
Wholesale sales of NEVs for January 1-19 were 503,000 units, up 57 percent from a year ago but 35 percent lower than the same period last month.
Nio Onvo’s 2nd model said to have completed trial production
The Onvo L80 has completed trial production and is about to enter the Tooling Trial phase, according to an image allegedly from Onvo.
Earlier this month, an Onvo vice president said the brand’s second car, benchmarked against Li Auto’s Li L8 or Li L9, would be released in the second half of this year.
Nio exec denies involvement in robot dog project
A Nio executive has denied that he is involved in a robot dog project, after a story last night sparked widespread discussion.
Tesla has released a humanoid robot, and several Chinese car companies, including Xpeng, have announced similar products.
BYD enters El Salvador passenger car market, opens 1st local store
BYD’s first store in El Salvador showcases models including the Seagull, Yuan Up, Seal, Song Pro DM-i and Song Plus DM-i.
BYD sells cars through a dealer in El Salvador, and its local partner is Energy Motors.
Nio forms team to research AI robot dog project, report says
Nio has assembled a team of around 20 people to research an AI robot dog project, headed by a former Momenta algorithm expert, according to local media.
Nio is now more cautious than before about this new field.
CATL previews net income growth of up to 20% to RMB 53 billion in 2024
CATL’s net income in the fourth quarter is expected to be a record RMB 17 billion, an increase of 31.01 percent year-on-year and up 29.41 percent from the third quarter.
CATL expects revenue to decline by 11.20 percent to 8.71 percent in 2024 due to downward revisions in product prices in line with declining raw materials.
