Newrizon, founded by a former Nio senior vice president, announced in February 2023 that it had secured more than RMB 100 million in Series B+ funding from Nio Capital. Read more…
Category: CnEVPost
Lotus launches Emeya electric sedan in China with starting price of $92,830
The Lotus Emeya is available in four trims, three of which feature four LiDARs. Customers who order now can expect delivery in 6-8 weeks. Read more…
CPCA expects China’s Jan NEV retail sales to be 800,000 units, 15.3% lower than Dec
China’s passenger car retail sales are estimated to be around 2.2 million units in January, down 6.5 percent from December. Read more…
Tesla importing cell parts from China to expand 4680 battery capacity, report says
Tesla began purchasing cathode coils from two second-tier Chinese battery makers in the second half of 2023 and shipping them to its Texas factory in the US to produce 4680 batteries, according to local media. Read more…
Chinese lithium producer Ganfeng signs long-term supply deal with Hyundai Motor
Ganfeng will supply battery-grade lithium hydroxide products to Hyundai Motor under a contract valid from January 1, 2024 to December 31, 2027. Read more…
BYD launches 3 EV models in Indonesia, plans to build local plant
BYD has launched the Seal, Dolphin and Atto 3 in Indonesia and plans to invest $1.3 billion in a plant with a capacity of 150,000 vehicles. Read more…
Tesla to display Cybertruck in China
Tesla in China is asking those interested to choose the city where they want the Cybertruck to make its debut, but the pickup may not be available for sale in the country for the foreseeable future. Read more…
China’s major automakers gather in Beijing to discuss industry development, report says
The meeting covered topics including promoting the development of the NEV industry, boosting NEV consumption, and encouraging the expansion in overseas markets, according to local media. Read more…
SAIC’s new car carrier makes maiden voyage, aims to add 14 vessels in 3 years
A new car carrier joins the fleet of SAIC’s Anji Logistics, bringing the total number of vessels to 31. Read more…
SAIC aims to sell 1.35 million vehicles overseas in 2024
SAIC sold about 1.21 million vehicles overseas in 2023, and the target implies a 12 percent growth. Read more…
Nio reportedly offering up to $5,560 off current models
There’s no specific deadline for these discounts until the 2023 models are sold out. Nio will begin delivering 2024 models in March. Read more…
BYD to stop producing pouch batteries for its PHEVs over leak concerns, report says
BYD last month began converting its pouch-type battery cell production lines at two of its factories to produce prismatic batteries, but is still producing pouch cells at a third plant, according to Reuters. Read more…
Xiaomi EV likely to be a disruptor, says Morgan Stanley
Xiaomi’s EV business could have an intrinsic value of RMB 90 billion yuan if it scales up rapidly, Morgan Stanley said. Read more…
Nio’s Alps sub-brand’s models to ditch LiDAR and adopt 1 Orin chip, report says
Alps will use a pure vision solution similar to Tesla’s on its smart driving system to cut costs, according to local media. Read more…
China NEV retail sales at 226,000 in Jan 1-14, down 21% from same period last month
China’s NEV sales performed even worse at retail last week, leading to a significant drop in sales in the first half of the month compared to the same period in December. Read more…
Li Auto seeing immediate effects of price discounts
Some Li Auto stores saw a significant uptick in sales just this past weekend, and some trim levels are no longer available for delivery before the Chinese New Year, according to local media. Read more…
BYD unveils vehicle intelligence strategy, aims to invest over $14 billion
BYD will invest RMB 100 billion in vehicle intelligence in the future to lead the way in NEV development, the company’s chairman said. Read more…
BREAKING: Nio to begin deliveries of 2024 models in Mar, offers discounts on current ones
Nio will begin deliveries of 2024 models in early March and start offering discounts on current models. Read more…
Battery price war: CATL, BYD pushing battery costs down further
The price war for power batteries is intensifying, with the world’s two largest battery makers reportedly pushing battery costs down further. Read more…
Changan’s JV with Huawei tentatively named ‘Newcool’
Under the agreement between the two, Huawei has committed not to engage in the automobile manufacturing business and not to engage in the same business as the new company, Changan chairman said. Read more…