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CnEVPost Newsletter: New model from BYD; ​China EV insurance registrations

Published 2 days ago • 1 min read

CnEVPost Newsletter: Daily Recap

Nov 12, 2024

​BYD Fang Cheng Bao launches Bao 8 with Huawei driver assist system, starting at $52,520​

The Bao 8 is the second model from Fang Cheng Bao and the first under the BYD umbrella to feature Huawei's driver assist system.

​China EV insurance registrations for week ending Nov 10: Nio 3,000, Tesla 17,300, Xiaomi 5,500, BYD 85,900​

Li Auto's insurance registrations last week were 11,700, Xpeng 3,600, Zeekr 5,700, Leapmotor 8,200 and Aito 6,500.

​Nio Onvo L60 wait time slightly reduced to 10-14 weeks​

Chinese customers who currently buy the Onvo L60 are expected to get deliveries 10-14 weeks after locking in their orders, down from 12-16 weeks previously.

​Leapmotor aims to sell 500,000 cars in 2025​

Leapmotor is targeting sales of 500,000 vehicles for the full year in 2025, with a gross margin of more than 10 percent, its management said.

​Leapmotor sees strong revenue growth, record gross margin in Q3​

Leapmotor said it expects to exceed its full-year sales target of 250,000 units this year, with gross margin lifting further and net losses narrowing in the fourth quarter.

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