Seres achieved a net income of RMB 5.9 billion in 2024, becoming the fourth NEV maker in the world to achieve profitability.
Seres’ gross margin was 23.8 percent in 2024, up 16.6 percentage points from 7.2 percent in 2023.
Nissan to close factory in Wuhan
The struggling Japanese car manufacturer Nissan has decided to discontinue its production in Wuhan, China. The plant, which Nissan operates with its Chinese partner Dongfeng, was only opened in 2022. Read more…
BYD enters Croatia with 4 models
BYD continued its European expansion with the launch of four models in Croatia.
BYD sold a record 72,723 vehicles overseas in March.
Sales of Chinese brands rise in Europe – but not for EVs
Overall, sales of Chinese car brands in Europe increased again in the first quarter. However, manufacturers achieved this growth by bringing more combustion-engine and hybrid vehicles into Europe – both not affected by the EU’s special tariffs on China-made EVs. Yet, this strategy could have far-reaching consequences for the carmakers. Read more…
Carlsberg Sweden expands electric logistics with Einride partnership
Carlsberg Sweden is intensifying its commitment to sustainable logistics by expanding its collaboration with Swedish freight technology company Einride. By the end of 2025, up to 40% of Carlsberg Sweden’s transport operations in southern and western Sweden will be electrified, utilising Einride’s electric trucks and AI-driven freight platform. Read more…
Tesla raises Canadian prices amid tariffs in the US
Tesla has significantly increased the prices of its entire model range in Canada due to higher tariffs. Depending on the model and variant, retail prices are up 10,000 to 30,000 Canadian dollars. Read more…
John Deere Electronics brings vision processing unit to OEMs
John Deere Electronics have announced the commercial availability of its high-performance vision processing unit (VPU), a core component behind the company’s See & Spray technology. Read more…
BYD Shenzhen car carrier kicks off maiden ocean voyage with over 7,000 cars bound for Brazil
BYD Shenzhen kicked off its first ocean voyage on April 27 with over 7,000 BYD NEVs and sailed to Brazil.
The vessel is the world’s largest car carrier with 9,200 standard loading spaces.
Tesla rumored to start production of 3-row Model Y in China next month
A three-row version of the Model Y with an extended wheelbase will likely begin production after the upcoming Labor Day holiday in China.
Tesla last week began offering a five-year, zero-interest financing incentive for the Model Y in China.
Tesla rumored to start production of 3-row Model Y in China next month
A three-row version of the Model Y with an extended wheelbase will likely begin production after the upcoming Labor Day holiday in China.
Tesla last week began offering a five-year, zero-interest financing incentive for the Model Y in China.
Dongfeng Nissan launches N7 all-electric sedan with surprisingly low prices
The N7 has a starting price range of RMB 119,900 ($16,450) to RMB 149,900, similar to Xpeng’s hot-selling Mona M03.
Orders for the N7 reached 10,138 units about an hour and 40 minutes after its launch.
Tesla Might Be Tanking, But Its Cars Are Still Fast
This drag racing video from Las Vegas reminds us that you don’t need Plaid speed to win. Read more…
Mercedes-AMG Teases Its Porsche Taycan Rival
It’s AMG’s first dedicated EV and it will be revealed in June. Read more…
Why The Slate Truck Doesn’t Use LFP Batteries
It’s all about making the truck qualify for the $7,500 federal EV rebate, Slate’s CEO told InsideEVs. Read more…
Avatr launches updated Avatr 11 SUV with higher guide prices
This comes less than six months after the last update to the Avatr 11 SUV.
The updated Avatr 11 reduced one EREV variant and added one BEV variant.
China Q1 auto imports see rare 39% year-on-year decline
In the first quarter, China imported 8,870 vehicles from the US, down 66 percent from a year earlier.
In the first quarter, China imported the most vehicles from Japan at 30,517, followed by Germany at 23,695.
Volvo starts making the EX30 in Europe
Volvo’s EX30 has been one of the best-selling EVs in Europe in 2024, but since it was made in China it was impacted by the EU’s supplementary tariffs on Chinese EVs. That’s all in the past however, as today Volvo has started production of the EX30 at its plant in Ghent, Belgium. The same factory will also be making the… Read more…
Nissan’s EV Sedan, Frontier PHEV Make Me Wish For A Different Reality
A pair of electrified Nissans drew big crowds at the Shanghai Auto Show this week. The same could easily happen in America. Read more…
BYD Fang Cheng Bao to debut sedan lineup in late 2025, says brand chief
Fang Cheng Bao will debut its sedan lineup by the end of 2025, with more models in the Tai lineup coming later this year.
In March, Fang Cheng Bao sold 8,051 vehicles, up 126.79 percent year-on-year and 62.91 percent from February.
Xiaomi-backed startup officially launches $31,530 electric sports car
The SC01’s launch is one of the most low-profile new car launches in China’s auto industry.
With a curb weight of 1,365 kg, the SC01 can accelerate from 0 to 100 km/h in 2.9 seconds.
