Overall passenger car retail sales in April are estimated to be around 1.75 million units, up 14.4 percent year-on-year but down 9.8 percent from the previous month.
The first week of April was the Qingming Festival holiday, while the second week saw windy weather in some parts of China.
CATL bought back RMB 254 million of its shares today, the first of its latest share buyback program.
CATL shares have been down about 9 percent so far this year.
UK solid-state battery technology developer Ilika has verified the high performance of its Goliath batteries manufactured via an industrially scaled process at The UK Battery Industrialisation Centre. This confirms the battery is on track on its route to market, the company said. The announcement follows Ilika’s announcement in February reporting large-scale preparation of the Goliath… Read more…
Dongfeng has just unveiled its new compact electric SUV at Auto Shanghai, with pre-sales due to start later in April. It’s based on the Dongfeng Quantum Architecture Platform 3 and will initially only be sold in China. Read more…
BYD reported a net income of RMB 9.16 billion ($1.26 billion) in the first quarter, up 100.38 percent year-on-year.
The company’s revenue for the first quarter was RMB 170.36 billion, up 36.35 percent year-on-year.
Toyota has unveiled its newest contender in the EV race, a sleek sedan called the bZ7. Making its debut at the Shanghai Auto Show, this battery-powered flagship is specifically designed for the Chinese market, and Toyota claims that thanks to its size, the bZ7 is ready to challenge established players like the Tesla Model S. If size was the only… Read more…
ABB E-mobility is set to unveil three new DC charging systems, extending its portfolio to cover megawatt charging for heavy vehicles, depot charging for fleets, and modular high-power charging for passenger cars. Read more…
This is the first time that a growth target for pure EVs, or BEVs, has been mentioned.
In 2024, BEVs contributed 27.61 percent of China’s passenger car retail sales.
Scania has launched a new variant on the battery-electric bus platform the company introduced in 2023. The new low-entry 6×2*4 variant is “designed to meet the demands of medium- and heavy-duty operations, and with an increased passenger capacity compared to the existing 4×2 LE BEV, it is suitable for city, suburban and shorter intercity routes.”… Read more…
Canadian rare earth recycling company Cyclic Materials, which is backed by BMW and JLR among others, is investing over $20 million in its first commercial plant in the USA. The plant in Mesa, Arizona, is expected to process 25,000 tonnes of used parts containing rare earth permanent magnets per year. Read more…
China’s smart NEV market has been dominated by local brands, but global auto brands have caught up, Deutsche Bank said.
Global auto brands showcased a number of smart NEV products at the ongoing Shanghai auto show.
In the US, a new electric vehicle startup is making waves. Slate Auto – backed by Amazon founder Jeff Bezos – has entered the EV arena with an ambitious plan: to launch a fully electric pickup truck priced from just $25,000, or under $20,000 post-incentives. Read more…
The company’s factory in Ghent has just started production of the fully electric EX30. The model was previously only built in China, but the Belgium factory will now support production capacity for sales across Europe. Read more…
Nissan has abandoned its plans to launch two electric saloons produced in the US and will build another EV at its Canton plant in Mississippi instead. The carmaker appears set to proceed with its planned electric crossovers – albeit on a revised timeline. Read more…
Automotive group Stellantis and US-based battery developer Factorial Energy have successfully validated solid-state battery cells for electric vehicles. The move marks a key milestone on the road to deploying a demonstration fleet equipped with this battery technology next year. Read more…
BYD entered the UK passenger car market in March 2023.
BYD currently offers six NEV models in the UK.
Earth Week may be winding to a close, but with electric vehicles being de rigueur at the busy west coast Port of Long Beach, it should come as no surprise that they’ve got put their EV fleet front and center at municipal events all week long. Read more…
After about a month of speculation and subtle hints from industry insiders, American EV startup Slate has emerged from stealth to share its flagship model with the world. This simplified all-electric pickup arrives with over 100 accessories, a five-seat SUV configuration kit, and get this… crank windows. Even better, this no-nonsense pedigree of EV is priced refreshingly low, starting below $20,000 after US tax incentives. Read more…
This one’s pretty simple, kids – it’s exactly what it says on the tin: a Polestar 2 owner took to the Polestar subreddit this week claiming that the window glass in his new EV actually stopped a bullet from hitting him. Plus, he says he’s got the pictures to prove it. (!. Read more…
The Maextro S800 is expected to be launched in May, targeting the luxury sedan market in the RMB 1 million ($137,070) class.
Maextro is the fourth new brand launched by Huawei with a local carmaker, and the most highly positioned under Huawei’s HIMA umbrella.
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