Some used car sellers incorrectly labeled vehicles purchased through the BaaS model as the original full price, a Nio spokesperson said.
Additionally, offers, including trade-in subsidies, were counted, leading to lower list prices.
Category: CnEVPost
CATL files for listing in Hong Kong
CATL’s listing is expected to raise at least $5 billion and will be Hong Kong’s biggest in four years.
It has been No. 1 in global power battery market share for eight consecutive years and No. 1 in the energy storage battery market for three straight years.
China Jan NEV retail at 744,000, up 10.5% year-on-year while down 42.9% from Dec
Overall passenger car retail sales in January were 1.794 million units, down 12.1 percent year-on-year and down 31.9 percent from December.
Many consumers completed their car-buying plans at the end of 2024, and there was less time for effective sales in January than before, the CPCA said.
Tesla sells 33,703 cars in China in Jan, exports 29,535 from Shanghai plant
Tesla’s January retail sales within China were 15.49 percent lower year-on-year and 59.36 percent lower than in December.
The lower sales were partly due to disruptions caused by the Chinese New Year holiday.
Huawei, SAIC to launch new brand targeting young people, report says
The new brand will target a younger market, with vehicles starting at around RMB 170,000 to RMB 250,000, according to local media.
The first model will be based on an existing product from Rising Auto and is expected to hit the market in the fourth quarter of 2025.
Nio CEO highlights importance of sales volume, cost reduction in internal meeting
Li believes that sales are fundamental for the company as a whole.
Li also highlighted cost reduction and cited profitability as the second keyword.
China EV insurance registrations by brand for week ending Feb 9: Nio 1,100, Tesla 6,200, Xiaomi 4,400, BYD 28,900
Xpeng was at 3,400 units, Li Auto 4,700, Zeekr 2,400, Leapmotor 2,700. Read more…
Global EV battery market share in 2024: CATL 37.9%, BYD 17.2%
CATL continued to be the world’s largest power battery manufacturer in 2024, with a 37.9 percent share above the 36.6 percent in 2023.
BYD’s share of 17.2 percent in 2024 was also higher than the 15.9 percent in 2023.
[Video] BYD shows its most powerful smart driving software can do driverless nighttime track driving
A video shows a Yangwang U9 electric supercar equipped with the “God’s Eye” smart driving system successfully completing an autonomous driving on a race track.
The Yangwang U9 is equipped with the top-of-the-line God’s Eye A smart driving system.
Tesla Shanghai Megafactory officially starts production
Tesla began construction of the Shanghai Megafactory on May 23, 2024, its first energy storage project outside of the US.
The Megafactory will begin capacity ramp-up in the first quarter and is expected to help Tesla improve its supply of energy storage products.
BYD expedites smart driving era with sweeping updates to 21 models
BYD has rolled out Smart Driving Edition updates for 21 models, including the Seagull, which is priced as low as RMB 69,800.
BYD said that in the next 2 to 3 years, high-level smart driving capabilities will become as essential a vehicle feature as seat belts and airbags.
Chinese EV startup Rox Motor expands into Saudi Arabia
Rox Motor has entered the Saudi Arabian market with the Rox 01 and secured over 200 orders on the first day of the local LEAP 2025 event.
It has established sales and service networks in more than 20 countries, and the total number of Rox 01 orders in overseas markets has exceeded 10,000 units.
Changan unveils smart driving strategy, to launch 35 smart cars in next 3 years
Changan unveiled its Dubhe Plan 2.0 on February 9, which is expected to allow more affordable models to carry driver assistance systems.
Changan will no longer develop new non-intelligent products from this year and will launch 35 intelligent cars in the next three years.
BYD execs reveal what to expect from vehicle intelligence strategy event
The BYD Ocean lineup will launch 11 models equipped with advanced smart driving systems.
The Seagull, currently priced at RMB 69,800 (US$9,550), will carry an advanced smart driving system.
Dongfeng, Changan hint at merger that could create world’s 5th largest auto group
Dongfeng and Changan announced plans to reorganize almost simultaneously, suggesting they could merge to become one of the world’s largest auto groups.
Dongfeng appears set to dominate that new auto group, according to local media.
Nio Firefly: Spy shot reveals interior details
Nio Firefly’s interior is close in overall design style to Nio-branded models and uses a horizontal center screen.
Facelifted Nio-branded models will also switch to horizontal center screens.
Nio’s swap stations in Shanghai close to profitability, CEO says
Nio currently provides more than 9,000 battery swaps per day in Shanghai.
Shanghai has the largest number of Nio battery swap stations at 183.
Xpeng reportedly to launch dedicated insurance to boost use of smart driving features
Xpeng will launch customized smart driving insurance products with insurance companies, based on its accumulated technologies and user data.
The insurance products will focus on solving the liability definition and safety protection of users when using smart driving features.
Nio offers up to $140,000 in rewards for tips on malicious online attacks
Nio began offering rewards ranging from RMB 10,000 to RMB 1 million ($140,000) for tips on malicious online attacks.
BYD took the same action at the end of 2021 and in June 2022 increased the reward cap to RMB 5 million.
Nio to launch new models or facelifts every quarter from Q2 onwards, CEO says
Some facelifted models are expected to be revealed in a regulatory catalog next week.
The facelifted models will feature horizontal screens and Nio’s own Shenji autonomous driving chip.
