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CnEVPost Newsletter: Analyst's take on Shanghai auto show; more entrepreneurs become Nio ET9 owners

Published 2 days ago • 1 min read

CnEVPost Newsletter: Daily Recap

Apr 25, 2025

​Deutsche Bank on Shanghai auto show: Global brands fight back with Chinese NEV tech​

China's smart NEV market has been dominated by local brands, but global auto brands have caught up, said Deutsche Bank.

​BYD sees Q1 net income double year-on-year​

BYD reported a net income of RMB 9.16 billion ($1.26 billion) in the first quarter, up 100.38 percent year-on-year.

​BYD's cumulative sales in UK exceed 20,000 units​

BYD entered the UK passenger car market in March 2023.

​ZF CEO becomes 1st expat owner of Nio ET9​

Nio's William Li delivered an ET9 to ZF CEO Holger Klein on the first day of the 2025 Shanghai auto show.

​CATL founder, Xpeng chairman become ET9 owners as Nio wins over more entrepreneurs​

Nio's William Li delivered an ET9 to Robin Zeng, founder, chairman and CEO of CATL.

​Li Auto launches updated Li L6 SUV, Li Mega MPV with unchanged starting prices​

The updated Li L6 comes standard with LiDAR, while the updated Li Mega has an additional a special edition variant.

​Huawei, JAC joint brand Maextro unveils interior of S800 luxury sedan​

The Maextro S800 is expected to be launched in May, targeting the luxury sedan market in the RMB 1 million ($137,070) class.

​CATL buys back shares to support stock price​

CATL bought back RMB 254 million of its shares today, the first of its latest share buyback program.

​China aims for BEVs to dominate new car sales by 2035​

BEVs contributed 27.61 percent of China's passenger car retail sales in 2024.

​CPCA expects China Apr NEV retail at 900,000, down 9% from Mar​

Overall passenger car retail sales in April are estimated to be around 1.75 million units, up 14.4 percent year-on-year but down 9.8 percent from the previous month.

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