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CnEVPost Newsletter: Nio's 10th anniversary; Tesla Model Y discount

Published 1 day ago • 1 min read

CnEVPost Newsletter: Daily Recap

Nov 25, 2024

​Nio celebrates 10th anniversary with over 620,000 users​

Nio, founded on November 25, 2014, is starting a multi-brand operation, having already launched the Onvo sub-brand and will launch the Firefly brand next month.

​[Full text] 'The next two years are crucial for our success,' Nio's William Li says in internal letter​

“We must keep launching competitive new products and improving our operational efficiency to double our sales next year and achieve profitability in 2026. These are goals we cannot afford to miss,” Li said.

​Nio surpasses 2,700 swap stations in China​

Nio today put 10 new battery swap stations into operation in China, bringing the total to 2,702 as it celebrates its 10th anniversary.

​Tesla offers limited-time discount on Model Y in China, extends 5-year, 0-interest financing to Dec 31​

Tesla is offering a limited-time discount in China for two less expensive variants of the Model Y, probably because the crossover's major refresh is not far away.

​BYD to launch next-gen blade battery in 2025, exec says​

BYD's next-generation blade battery will improve the range of vehicles and extend the life cycle of the battery itself, an executive said.

​Chery's joint venture plant in Spain sees 1st car roll off line​

Chery's joint venture plant in Spain saw its first vehicle roll off the assembly line on November 23, the S700 under EV Motors' Ebro brand.

​Changan, CATL partner to offer battery swap-enabled EVs for ride hailing market​

Changan said its Oshan 520, built on CATL's battery swap solution, will bring a new experience to the shared mobility market.

​EU official hints at possible change on China EV tariffs​

Brussels and Beijing are close to reaching a solution on tariffs on Chinese EV imports into the EU, an EU official said.

​Baidu to start trial operations of Apollo Go robotaxis in HK as soon as year-end, report says​

Apollo Go plans to operate in Hong Kong on a trial basis, with the first phase of testing at the airport by the end of this year at the earliest, a Hong Kong media outlet reported.

​2024 Guangzhou auto show ends with NEVs taking center stage​

A total of 1,171 vehicles were on display at the 2024 Guangzhou auto show, of which 512 were NEVs, with NEVs on display in almost all booths.

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