Greenland aims to achieve annual exports of 100,000 NEVs over the next three years.
It signed its first export order, totaling 5,000 vehicles and valued at about $70 million.
Category: CnEVPost
Nio adds 111 swap stations in China in Jan, average daily services reach 95,160
Nio currently has 3,106 battery swap stations in China, of which 964 are located along highways.
It provided 2,949,969 battery swap services in China in January, a daily average of 95,160.
IM Motors offers limited-time $4,130 discount on L6 electric sedan
The discount, available this month, lowers the starting price of the IM L6 by 13.64 percent to RMB 189,900 yuan.
Earlier today, Tesla announced an RMB 8,000 insurance subsidy in China for all variants of the Model 3 electric sedan.
Xiaomi aims to sell 10,000 units of SU7 Ultra in 2025
Xiaomi will introduce the SU7 Ultra again when it launches the Xiaomi 15 Ultra phone at the end of this month.
Xiaomi EV is showcasing the SU7 Ultra in 112 stores in 42 cities starting February 5.
Xpeng to achieve L3 autonomous driving in H2 2025, CEO says in internal letter
Xpeng CEO said L3 autonomous driving will drive AI cars into the “iPhone 4 era”.
He mentioned DeepSeek, saying that AI is bringing huge opportunities to all industries.
Toyota to follow Tesla’s step in building wholly-owned plant in Shanghai to produce Lexus EVs
The new plant is scheduled to go into production in 2027, with an initial capacity of around 100,000 units per year.
Toyota is set to become the second foreign automaker after Tesla to have a wholly-owned factory in China.
Xpeng CEO says confident of doubling deliveries in 2025
That means Xpeng is targeting 2025 deliveries of about 380,000 vehicles.
Xpeng is off to a good start in 2025, delivering 30,350 vehicles in January, up 267.88 percent from a year earlier.
Tesla Megafactory in Shanghai to officially start production on Feb 11
Tesla’s Shanghai Megafactory will begin capacity ramp-up in the first quarter.
The factory, which took seven months to complete construction, is Tesla’s first energy storage project outside the US.
Xpeng rolls out 0 down payment, up to 5 years of 0 interest financing in revived price war
Xpeng’s new promotional package allows customers to save up to RMB 57,000 ($7,830).
Xpeng’s deliveries in January surpassed those of local counterpart Li Auto for the first time since September 2022.
Tesla offers insurance subsidy for Model 3 in China, firing 1st shot in renewed price war
Tesla is offering a RMB 8,000 ($1,100) insurance subsidy for the Model 3.
Local EV makers are likely to follow as the market enters the slow season.
BYD sells 300,538 NEVs in Jan, up 49% year-on-year while down 42% from Dec
BYD was affected by seasonal factors like other EV makers.
Performance in overseas markets was a bright spot, with sales of 66,336 units up 16.07 percent from December.
Zeekr delivers 11,942 cars in Jan, down 56% from Dec
Zeekr’s deliveries in January were down 4.75 percent year-on-year and down 56.08 percent from December.
Several other EV makers posted declining deliveries, mainly due to seasonal factors.
Nio delivers 13,863 cars in Jan, down 55% from Dec while up 38% year-on-year
The Nio brand delivered 7,951 units in January and the Onvo brand delivered 5,912 units. Read more…
Xiaomi EV says SU7 deliveries have exceeded 20,000 units for 4 consecutive months
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.
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.
