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CnEVPost Newsletter: ​China EV insurance registrations; Tesla Shanghai Megafactory starts production

Published about 7 hours ago • 1 min read

CnEVPost Newsletter: Daily Recap

Feb 11, 2025

​China EV insurance registrations by brand for week ending Feb 9: Nio 1,100, Tesla 6,200, Xiaomi 4,400, BYD 28,900​

Xpeng was at 3,400 units, Li Auto 4,700, Zeekr 2,400, Leapmotor 2,700, and Aito 1,100.

​Nio CEO highlights importance of sales volume, cost reduction in internal meeting​

William Li mentioned that Nio seeks to achieve single-quarter profitability in the fourth quarter of 2025.

​Unusually low-priced Onvo L60s listed on Chinese online platforms: Should this be a concern?​

Some used-car sellers have inaccurately labeled vehicles purchased via the BaaS model with the original "full vehicle price", a Nio spokesperson said.

​[Video] BYD shows its most powerful smart driving software can do driverless nighttime track driving​

A video shows a Yangwang U9 electric supercar equipped with the "God's Eye" smart driving system successfully completing autonomous driving on a race track.

​Tesla Shanghai Megafactory officially starts production​

The Tesla Shanghai Megafactory will begin capacity ramp-up in the first quarter.

​Tesla sells 33,703 cars in China in Jan, exports 29,535 from Shanghai plant​

Tesla's January retail sales within China were 15.49 percent lower year-on-year and 59.36 percent lower than in December, partly due to the disruption of the Chinese New Year holiday.

​Huawei, SAIC to launch new brand targeting young people, report says​

The new brand will target a younger demographic and the vehicles could start at around RMB 170,000 to RMB 250,000, according to local media.

​CATL files for listing in Hong Kong​

CATL's listing, which is expected to raise at least $5 billion, will be the largest in Hong Kong in four years.

​Global EV battery market share in 2024: CATL 37.9%, BYD 17.2%​

CATL continued to remain the world's largest power battery maker in 2024, with a 37.9 percent share that is higher than the 36.6 percent in 2023.

​China Jan NEV retail at 744,000, up 10.5% year-on-year while down 42.9% from Dec​

China's overall passenger car retail sales in January totaled 1.794 million units, down 12.1 percent year-on-year and down 31.9 percent from December.

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