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CnEVPost Newsletter: BYD's 10 millionth NEV production milestone; Xiaomi's EV business revenue

Published 6 days ago • 1 min read

CnEVPost Newsletter: Daily Recap

Nov 18, 2024

​BYD reaches 10 millionth NEV production milestone​

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.

​BYD's Dynasty lineup set to sell 2 million units this year, exec says​

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.

​Nio Onvo aims to have up to 1,000 stores by end of 2025, report says​

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.

​Xiaomi reports $1.3 billion in revenue from EV business in Q3 with 39,790 deliveries​

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.

​Xiaomi says SU7 deliveries have exceeded 100,000, reveals new target of 130,000 for 2024​

The new target means that Xiaomi is set to deliver 30,000 units in the next less than one and half months.

​Zeekr begins deliveries of Zeekr X SUV in HK​

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.

​Xpeng signs distributor deal to enter UK market, G6 to go on sale locally in early 2025​

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.

​Porsche recalls 15,906 Taycan EVs in China due to battery fire risk​

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.

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