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CnEVPost Newsletter: Xiaomi's 2nd EV model could come in Q1 2025; Nio denies BYD acquisition rumor

Published 2 days ago • 1 min read

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.

​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 2025 sales assumption as the company's guidance.

​Huawei, JAC joint brand Maextro names 1st model S800, to debut on Nov 26​

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.

​Neta begins pre-sales of 2 models in Brazil, pushing ahead with efforts in overseas markets​

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.

​CPCA expects China Nov NEV retail at 1.28 million, above 1 million for 4th consecutive month​

China's NEV penetration at retail is expected to be 53.3 percent in November, up from 52.9 percent in October.

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