Nio’s Shenji NX9031 chip has successfully taped out, marking a significant advancement in its autonomous driving chip development. Read more…
Category: CnEVPost
CATL sees profit up in Q2, gross margin flat
CATL saw second-quarter profit rebound from the first quarter, while gross margin remained flat. Read more…
Xiaomi EV completes capacity ramp-up, expects to reach 100,000 delivery target by early Nov
Capacity ramp-up at the Xiaomi EV plant has now been completed and the full-year delivery target of 100,000 units is expected to be completed by early November, Xiaomi’s CEO said. Read more…
CPCA expects China’s Jul NEV retail at 860,000, penetration to rise further to 49.7%
China’s passenger car retail sales fell in July from June, but the NEV market was bolstered by fast-growing sales of hybrid models, the CPCA said. Read more…
Xiaomi secures new land parcel in Beijing, possibly for EV plant phase 2
The current Xiaomi EV factory is a phase 1 project with an annual capacity of 150,000 units, and the second phase is also planned to have an annual capacity of 150,000 units. Read more…
Honda to cut gas car capacity in China, 2 EV plants to start production within this year
Honda will reduce its gasoline vehicle production capacity in China by 290,000 units and expects two new EV plants to start production in September and November, respectively. Read more…
Neta launches Neta X SUV in Malaysia and Thailand
Neta has started production at its plant in Thailand and is building a new plant in Malaysia. Read more…
Changan’s NEV unit Deepal launches global model S07, starting at $20,730 in China
The Deepal S07 SUV, available in EREV and BEV variants, replaces the S7 to better align with the company’s global strategy. Read more…
BYD launches 2 new Song family models with DM 5.0 hybrid system, both starting at $18,770
BYD has launched the Song L DM-i and the 2025 Song Plus DM-i, the second batch of DM 5.0-powered hybrid models after the Seal 06 DM-i and Qin L DM-i hybrid sedans. Read more…
Low-priced NEVs to benefit most from higher trade-in subsidies in China, says Deutsche Bank
BYD and Leapmotor will benefit the most, followed by Xpeng, Geely Auto, Changan, Great Wall Motor and GAC due to their relatively large exposure to low-priced vehicles, said Deutsche Bank. Read more…
Nio Onvo L60 to be launched in late Sept, says Onvo president
The Onvo L60 will be available for customers to test drive on the day of its launch, and deliveries will begin about a week after it goes on sale, at the end of September, Onvo’s president said. Read more…
Li Auto unveils scaled-back car purchase incentives
Li Auto’s move comes as the price war in China’s auto industry eases, after some luxury brands have rolled back steep discounts. Read more…
China doubles subsidies to encourage consumers to replace old cars
Consumers can get a RMB 20,000 subsidy for scrapping an old car and buying an NEV, and a RMB 15,000 subsidy for buying a fuel car of 2.0 L or less, both doubled from previous levels. Read more…
Nio may see delay in 2024 swap station buildout target, 3rd swap station plant to open in Sept
William Li said that if Nio’s plan to add 1,000 stations in China in 2024 is delayed, it could be by up to 1-2 months. The company is building a third battery swap station assembly plant in Wuhan. Read more…
Huawei-BAIC joint brand Stelato to launch 1st model S9 sedan on Aug 6
The Stelato S9 is expected to be priced from RMB 450,000 ($61,990) to RMB 550,000. Read more…
Xpeng to hold tech event on Jul 30, XNGP to see biggest update ever
Xpeng’s XNGP is about to see its biggest update ever, and the latest Tianji system, XOS 5.2.0, is about to see a new breakthrough, the company said. Read more…
BYD secures order for 120 electric buses in South Africa
BYD will help build South Africa’s first fleet of electric buses, with deliveries of those vehicles set to begin in December. Read more…
China NEV retail at 461,000 in Jul 1-21, down 2% from same period last month
China’s retail penetration of NEVs stood at 49.35 percent in the July 1-21 period, and 42.45 percent year-to-date. Read more…
Nio Phone 2nd-gen to feature AI-powered voice assistant NOMI GPT
NOMI GPT will be featured on the new Nio Phone to bring more cutting-edge AI innovations, said Nio’s vice president for hardware. Read more…
BYD sees over 10,000 fresh graduates joining, nearly 80% in R&D
By the end of 2023, BYD’s workforce totaled 703,504, including 524,673 production workers and 104,003 technicians. Read more…
