CnEVPost Newsletter: Daily Recap Nov 21, 2024 Great Wall Motor to adopt Huawei's driver assist system, report says Great Wall Motor will become the latest to adopt Huawei's smart driving system after BYD, and its first model to feature the system will be the Tank 700 Hi4-T off-road SUV, according to local 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...
3 days ago • 1 min read
CnEVPost Newsletter: Daily Recap Nov 20, 2024 Nio posts lower-than-expected Q3 revenue, gross margin improves Nio reported weaker-than-expected revenue in the third quarter, which was also below its guidance range. It reported a net loss that was flat from the second quarter, with gross margin improving to 10.7 percent. Nio Q3 earnings call: Sales and profitability targets, new model plans, and more Nio is confident of doubling sales next year and aims to be profitable by 2026. The third...
4 days ago • 1 min read
CnEVPost Newsletter: Daily Recap Nov 19, 2024 China EV insurance registrations for week ending Nov 17: Nio 3,800, Tesla 17,100, Xiaomi 5,700, BYD 94,700 Li Auto had 12,300 insurance registrations last week, Xpeng 6,300, Zeekr 6,000, Leapmotor 8,500 and Aito 7,200. Xpeng Q3 revenue beats estimates, gross margin hits record high Xpeng reported revenue of RMB 10.1 billion in the third quarter, with a record gross margin of 15.3 percent, beating analysts' expectations. Nio still hopes to expand...
5 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...
6 days ago • 1 min read
CnEVPost Newsletter: Daily Recap Nov 15, 2024 BYD Yangwang starts pre-sales of U7 luxury sedan Yangwang has begun pre-sales of the U7 without releasing pricing information. The BYD sub-brand previously said the U7 would be priced in the 1-million-yuan level. BYD Denza launches Z9 sedan with starting price of $46,320 The Denza Z9 is available in PHEV and BEV variants, and its tri-motor powertrain allows the vehicle to sprint from 0 to 100 km/h in 3.4 seconds. BYD signs deal to set up electric...
9 days ago • 1 min read
CnEVPost Newsletter: Daily Recap Nov 14, 2024 Zeekr unveils series of deals that will see it acquire 51% of Lynk & Co Zeekr expects to use its own cash reserves and external financing to fund the acquisition. The transaction is expected to close in the first quarter of 2025. Zeekr sees net loss narrow significantly in Q3, revenue down slightly Zeekr saw its net loss decrease by 37.0 percent in the third quarter, while lower battery pack sales dragged down revenue. Geely reportedly to...
10 days ago • 1 min read
CnEVPost Newsletter: Daily Recap Nov 13, 2024 CATL would build plant in US if Trump clears path, chairman says CATL would consider building a plant in the US if Trump opens the door for Chinese investment in the US EV supply chain, the battery maker's chairman Robin Zeng said. BYD to enter South Korean passenger car market in 2025 BYD Korea said it has “completed review to release passenger car brands in the domestic market” and expects to enter the South Korean market early next year. Xpeng...
11 days ago • 1 min read
CnEVPost Newsletter: Daily Recap Nov 12, 2024 BYD Fang Cheng Bao launches Bao 8 with Huawei driver assist system, starting at $52,520 The Bao 8 is the second model from Fang Cheng Bao and the first under the BYD umbrella to feature Huawei's driver assist system. China EV insurance registrations for week ending Nov 10: Nio 3,000, Tesla 17,300, Xiaomi 5,500, BYD 85,900 Li Auto's insurance registrations last week were 11,700, Xpeng 3,600, Zeekr 5,700, Leapmotor 8,200 and Aito 6,500. Nio Onvo L60...
12 days ago • 1 min read
CnEVPost Newsletter: Daily Recap Nov 11, 2024 China NEV sales rise to new record of 1.43 million in Oct, CAAM data show Domestic NEV sales stood at 1.3 million units in October, marking the second consecutive month of record highs. Automakers' share of China NEV market in Oct: BYD tops with 36.1%, Tesla 7th with 3.4% In the January-October period, BYD was No. 1 in the NEV market with a 34.8 percent share, while Tesla was No. 3 with a 6.0 percent share. Nio Oct deliveries breakdown: ES6 at...
13 days ago • 1 min read