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China EV news, data, insights and more.
CnEVPost Newsletter: Daily Recap Nov 22, 2024 Xiaomi's 2nd EV model could be launched in Q1 2025, report says 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. Nio denies after rumor of acquisition by BYD swirls A Nio executive has denied a rumor that the company will be acquired by BYD, after the fake information circulated widely on social media....
CnEVPost Newsletter: Daily Recap Nov 21, 2024 Great Wall Motor to adopt Huawei's driver assist system, report says 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. Deutsche Bank expects Nio brand to sell 223,000 cars in 2025, Onvo 219,000, Firefly 8,000 Deutsche Bank raised its sales forecast for Nio Inc in 2025, using the same 450,000 full-year...
CnEVPost Newsletter: Daily Recap Nov 20, 2024 Nio posts lower-than-expected Q3 revenue, gross margin improves 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 Q3 earnings call: Sales and profitability targets, new model plans, and more Nio is confident of doubling sales next year and aims to be profitable by 2026. The third...