Nio’s sub-brand Firefly said its first model will be available in five body color options and provided English names.
The model will be officially launched on April 19 and is currently on pre-sales for RMB 148,800 ($20,510).
Category: CnEVPost
Nio’s William Li touches on topics including share sale, in-house chip in new interview
William Li spoke about the reception of Nio’s share placement and said that the company’s autonomous driving chip and operating system are open to the entire industry.
He also commented on the cooperation with CATL on battery swap and BYD’s 1-MW flash charging technology.
Nio starts deliveries of ET9 flagship sedan
The first owner of the ET9 is Fang Hongbo, chairman of Chinese home appliance giant Midea, whose vehicle was delivered personally by Nio’s William Li.
Li and Fang discussed how Chinese brands can enter the high-end market and break the dominance of foreign brands.
BYD teases new electric sedan e7
BYD has previewed its new e7 model and shared several images of the mid-class pure electric sedan.
The BYD e7 is 4,780 mm long and is powered by a single motor with a peak power of 100 kW.
Mercedes recalls 12,308 EVs in China due to battery fire risk
Some vehicles in the recall have fire risk due to battery reliability and control strategy issues in the battery management system software.
Before the formal recall measures are implemented, Mercedes-Benz recommends that users set the charging limit of the vehicles to no more than 80 percent.
Hina releases sodium-ion battery solution for commercial cars, able to be fully charged in 25 minutes
The energy density of the battery cells used in the solution exceeds 165 Wh/kg, and they can be charged to 100 percent in 20-25 minutes, Hina said.
The battery has stable discharge performance at -40°C to 45°C.
BYD offers discounts on 3 models after launching smart driving updates
BYD is offering discounts on three models, in a move that appears to be aimed at clearing inventory of older models after launching Smart Driving Edition updates.
The price of the non-Smart Driving version of the entry-level Seal 06 DM-i sedan is now priced at RMB 89,800 ($12,360), a reduction of 10 percent.
BYD Yangwang officially launches U7, aiming to gain share in luxury sedan market
The Yangwang U7, priced at RMB 628,000 ($86,430), is BYD’s latest offensive in the luxury car market.
Powerful performance, ride comfort and safety are the main selling points of the Yangwang U7.
Nio sets its new share offering at HK$29.46 per share, 9.49% discount to Thursday’s closing price
Nio announced the pricing of its offering of 136,800,000 additional shares at HK$29.46 per share, for a total offering amount of HK$4.03 billion. Read more…
Avatr begins pre-sales of Avatr 06 sedan, official launch set for Apr
The Avatr 06, which starts at RMB 215,900 ($29,720) in pre-sales, is Avatr’s third model to offer both BEV and EREV variants.
Avatr initially only offered BEV models, but launched its first model with EREV variants in September last year.
Nio plans to issue new shares to raise funds for R&D and strengthen balance sheet
We have been incurring loss since inception. We incurred operating cash outflow for the year ended December 31, 2024 and our current liabilities exceeded current assets as of December 31, 2024.
Based on our going concern and liquidity assessment, which considers our business plan including revenue growth, working capital management and the ability to raise funds from banks under available credit quotas when needed, we believe that our financial resources, including our available cash and cash equivalents, restricted cash and short-term investments, cash generated from operating activities and funds from availa-ble credit quotas will be sufficient to support our continuous operations in the ordinary course of business for the next twelve months. Read more…
BYD Fang Cheng Bao to start pre-sales of Tai 3 SUV on Mar 31, shares more images
Fang Cheng Bao will start pre-sales of the Tai 3 on March 31, as BYD continues to push forward with intensive new product launches.
The Tai 3 will be Fang Cheng Bao’s first pure electric model and the brand’s third model.
Li Auto open-sources its in-house developed car operating system Halo OS
The open-sourcing of Halo OS is expected to help the automotive industry save RMB 10 billion to 20 billion in research and development resources each year, said Li Auto CEO.
Li Auto expects Halo OS to be available in the open-source community starting at the end of April.
Xpeng P7+ deliveries exceed 40,000 units 4 months after launch
This means that the P7+ has delivered 7,153 units so far this month.
Xpeng’s other sedan, the Mona M03, is about to see cumulative deliveries exceed 100,000 units.
China NEV retail at 622,000 in Mar 1-23, up 40% from same period last month
China’s NEV retail penetration rate was 53.90 percent in March 1-23, and 47.30 percent year to date.
From March 1 to March 23, retail sales of all passenger cars in China were 1.154 million units, an increase of 18 percent year-on-year and up 25 percent month-on-month.
Nio signs deal with Beijing state-owned firm to build 100 swap stations
Nio has teamed up with Future Science City Group in Beijing to jointly build 100 battery swap stations.
This is the second partnership Nio has announced with a state-owned enterprise to build 100 battery swap stations.
BYD’s 1st 1,000-kW ultrafast charging stations to be ready for use in early Apr
BYD is pushing ahead with the construction of 4,000 1,000-kW flash charging stations, with the first batch of about 500 ready for use in early April.
The 1-MW flash charging can add 400 kilometers of range to a vehicle in five minutes.
CATL’s planned HK listing gets green light from Chinese mainland securities regulator
CATL received approval from the Chinese mainland securities regulator to move forward with its planned listing on the main board of the Hong Kong Stock Exchange.
CATL’s Hong Kong listing will raise at least $5 billion and will be the city’s biggest in four years.
Tesla drops ‘FSD’ from name of its smart driving software in China
Tesla has changed the name of its software package priced at RMB 64,000 ($8,820) in China to one that does not include the word “FSD”.
It recently suspended the planned one-month free trial of FSD, as the software needs to complete the necessary approvals.
BYD aims to sell 5.5 million cars in 2025, report says
BYD’s sales target for 2025 is 5.5 million vehicles, including more than 800,000 in overseas markets, according to local media.
BYD’s brand sales growth target is within 10 percent, and the other three higher-end sub-brands target higher growth rates.
