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CnEVPost
23.11.2024
A Nio executive has denied a rumor that the company will be acquired by BYD, after the fake information circulated widely on social media.
Neta has begun pre-sales of the Neta Aya and Neta X in Brazil and plans to open more than 10 stores in the country by the first quarter of 2025.
22.11.2024
China's NEV penetration at retail is expected to be 53.3 percent in November, up from 52.9 percent in October.
The Maextro S800 is expected to target the luxury executive sedan market, with potential rivals set to include the Mercedes-Benz S-Class, BMW 7 Series, Audi A8, and Nio ET9.
With the support of its partners, M-Hero's M-917 has already entered 40 countries and regions worldwide.
Great Wall Motor will become the latest to adopt Huawei's smart driving system after BYD, and its first model to feature the system will be the Tank 700 Hi4-T off-road SUV, according to local media.
Xiaomi's second EV model is scheduled to hit the market in February or March next year, internally codenamed MX11, and will compete directly with the Tesla Model Y, according to local media.
21.11.2024
CATL is in talks to set up a battery recycling business in Europe, discussing possible plant sites with European governments including Hungary, according to Bloomberg.
Deutsche Bank raised its sales forecast for Nio Inc in 2025, using the same 450,000 full-year 2025 sales assumption as the company's guidance.
Firefly is positioned in the boutique compact car market and leverages existing sales channels to drive growth, Nio said in a statement.
China's export growth for BEVs is expected to slow to 9 percent this year, with its contribution to passenger car exports falling to 19.0 percent in 2024 from 22.5 percent in 2023, Canalys said.
Nio reported weaker-than-expected revenue in the third quarter, which was also below its guidance range. It reported a net loss that was flat from the second quarter, with gross margin improving to 10.7 percent.
Nio is confident of doubling sales next year and aims to be profitable by 2026. The third brand is officially named Firefly and its first model will begin deliveries in the first half of 2025.
Retail sales of all passenger cars in China totaled 1.11 million units in the November 1-17 period, up 30 percent from a year earlier and up 3 percent from a month earlier.
Global public EV charging pile deployment is constrained by land availability and grid planning, compounded by slowing NEV market growth, TrendForce said.
20.11.2024
Currently 90 percent of China's power batteries are transported by road, and rail transportation is expected to reduce costs and improve efficiency.
HIMA's available models will exceed 10 next year, and one of the key models will be the Aito M8, which will compete with Li Auto's Li L9.
Xpeng reported revenue of RMB 10.1 billion in the third quarter, with a record gross margin of 15.3 percent, beating analysts' expectations.
BYD is developing a smart driving chip with a computing power of 80 TOPS that will be used in the company's models priced between RMB 80,000 ($11,060) and RMB 300,000, according to local media.
19.11.2024
SAIC-GM-Wuling has entered into a partnership with CATL to use the latter's Choco-SEB battery swap solution in the logistics vehicle segment.
Li Auto had 12,300 insurance registrations last week, Xpeng 6,300, Zeekr 6,000, Leapmotor 8,500 and Aito 7,200.
The new target means that Xiaomi is set to deliver 30,000 units in the next less than one and half months.
In the third quarter, Xiaomi's innovation business, which includes EVs, had a gross margin of 17.1 percent and an average vehicle sales price of RMB 238,650.
Nio hopes to enter more than 90 percent of overseas markets in the next five to ten years.
A short circuit may occur inside the power battery module of some of the vehicles included in this recall, which in extreme cases may lead to thermal runaway of the battery module.
Tesla Model 3 wait time in China has been shortened from 2-4 weeks previously to 1-3 weeks, while the Model Y remains unchanged at 1-3 weeks.
Onvo aims to have at least 500 stores by March next year and 800-1,000 by the end of 2025, according to local media.
In the January-October period, sales of the Dynasty lineup exceeded 1.58 million units, contributing about half of the BYD brand's sales in the same period.
18.11.2024
Zeekr has completed the first 100 deliveries of the Zeekr X in Hong Kong, with local deliveries of the Zeekr 009 MPV set to begin soon.
BYD was founded in February 1995 with an initial workforce of around 20 employees. Now it has become one of China's largest automakers, with a total workforce of more than 900,000.
17.11.2024
Xpeng has signed a distributor agreement with International Motors Ltd and its first model to launch in the UK market will be the G6 -- a Tesla Model Y competitor.
16.11.2024
Jiyue said the Robo X comes with a high-performance drive system and can sprint from 0 to 100 km/h in less than 1.9 seconds.
The B10 is the first model in Leapmotor's B-series, which has two other models coming in 2025.
Nio appointed Green Car as its national distributor in Azerbaijan and will start delivering vehicles in the country in the second quarter of 2025.
The Denza Z9 is available in PHEV and BEV variants, and its tri-motor powertrain allows the vehicle to sprint from 0 to 100 km/h in 3.4 seconds.
Avatr, previously known as Changan Nio, plugged into Nio's charging network, becoming the 14th brand to do so.
15.11.2024
Xpeng has delivered more than 10,000 units of the Mona M03 for the second consecutive month since its launch, and the model's production capacity was increased by 40 percent in November.
Yangwang has begun pre-sales of the U7 without releasing pricing information. The BYD sub-brand previously said the U7 would be priced in the 1-million-yuan level.
The Song Pro DM-i is the 10th model BYD has launched in Chile. The BYD Shark will be launched in Chile in the first quarter of 2025.
Zeekr expects to use its own cash reserves and external financing to fund the acquisition.