Huawei, Xiaomi are making cars, and the Nio Phone is a defensive strategy for Nio, William Li said. Read more…
Daily EV Recap: March 17, 2024
Listen to a recap of the top stories of the day from Electrek. Quick Charge is now available on Apple Podcasts, Spotify, TuneIn and… Read more…
Neta takes page from Li Auto on Neta L’s interior design
Neta has shared multiple images of the Neta L’s interior, saying that the model will offer a better “refrigerator, color TV, and big sofa.” Read more…
BYD launches updated Frigate 07 with 13% lower starting price
The updated Frigate 07 SUV has a starting price of RMB 179,800, which is RMB 23,000, or 12.79 percent, lower than its predecessor’s starting price of RMB 202,800. Read more…
Huawei’s auto unit expected to become profitable this year, exec says
Huawei’s automotive business is expected to turn a profit this year, bolstered by mid-to-high-end models built in partnership with automakers, the unit’s chairman said. Read more…
All Tesla Model Y Trims Will Cost $1,000 More On April 1, 2024
The company hints at the price increase and adds 5,000 miles of free Supercharging to boost its Q1 sales results. Read more…
Gen X, Millennials buy the most EVs, as Boomers dominate policy
Gen X and Millennials tend to buy more EVs than Baby Boomers, but the older generation is still in control of EV policy, a pair of recent studies show. Experian’s fourth quarter 2023 Automotive Market Trends report, released Thursday, noted that 9.4% of new vehicles purchased by Gen X in 2023 were electric. Gen X purchased the most new vehicles of… Read more…
Nio’s William Li urges more focus on battery life as warranties expire on nearly 20 million NEVs over next 8 years
Li said batteries with lifetimes of up to 15 years are technically feasible, but it will take a concerted effort by the entire industry to advance the goal. Read more…
Rising Auto says it’s moving forward with asset-light strategy, denies recent rumors as ‘untrue’
Rising Auto said all is well with it and will launch a new model in the middle of the year. Read more…
Zeekr sees firm orders for updated Zeekr 001 exceed 20,000 units
Zeekr is targeting 30,000 firm orders for the updated Zeekr 001, which was launched on February 27, in its first month of availability. Read more…
Li Auto mulls lowering Li Mega sales target as orders less than 4,000 after half month on market, report says
Li Auto’s management was expecting 70,000 to 80,000 units of the Li Mega for the full year prior to its launch, and is now discussing whether to lower that to 50,000 to 60,000 units, according to local media. Read more…
First drive in the Maserati Grecale Folgore SUV: Italian luxury is going all-electric and we love it
Italian luxury automaker Maserati is now entering its fourth year of its 100% electric strategy and sits on the precipice of launching its second BEV model – the Grecale Folgore SUV. I got invited to Southern Italy to take the Grecale Folgore to the road (and off the road) to see if the famed automaker’s niche for power and luxury translates to the all-electric age. Read more…
Tesla Full Self-Driving Beta v12 finally rolls out – get your minds blown
Tesla is finally starting to roll out Full Self-Driving (FSD) Beta v12 to customers — another “mind-blowing” update, according to CEO Elon Musk. Read more…
BMW Vision Neue Klasse X will be unveiled next week
BMW is teasing an all-new electric SUV concept – the Vision Neue Klasse X. The sleek newcomer draws inspiration from the Vision Neue Klasse sedan, which wowed audiences last September and set the stage for a radical design shift in the automaker’s EV lineup. The Vision Neue Klasse X promises a future of thrilling electric performance, futuristic design, and luxurious… Read more…
Volkswagen teases amped up sporty ID. Buzz GTX
Forget those notions of boring minivans – Volkswagen is turning up the heat with the upcoming ID. Buzz GTX. Slated for a March 21st debut, the iconic VW minivan is getting an electrifying makeover. GTX version promises performance, style, and all-wheel-drive punch in a package that’s – apparently – surprisingly sporty. If the name “GTX” sounds familiar, it should. Volkswagen… Read more…
BYD chairman expects China’s NEV penetration to exceed 50% within next 3 months
BYD’s chairman predicted a month ago that China’s monthly NEV penetration rate would exceed 50 percent within this year, and now he expects that figure to be seen within the next three months. Read more…
Tesla warns of Model Y price increase as new end-of-quarter incentive
Tesla has announced that it will increase Model Y prices by $1,000 on April 1st, as a new end-of-quarter incentive. Read more…
Nio launches new 75-kWh battery pack using only LFP cells, expected to further reduce costs
The new 75-kWh battery pack will not use both LFP cells and ternary cells like its predecessor and will begin deliveries soon with the 2024 models. Read more…
Hyundai Motor Global EV Wholesale Sales Hit The Brakes In February 2024
The volume decreased by almost half year-over-year. Read more…
Xpeng to launch new brand within 1 month, targeting lower-priced market
Xpeng will launch a new brand in the next month, targeting markets priced between RMB 100,000 and RMB 150,000, the company’s CEO said. Read more…
