CnEVPost Newsletter: Daily Recap Sept 29, 2024 Nio announces $470 million investment in Nio China from strategic investors Nio China has received a new investment of RMB 3.3 billion from strategic investors in Hefei, and Nio will also invest RMB 10 billion to subscribe for newly issued shares in Nio China. Deutsche Bank gives positive read on Nio China's new financing New investment secured by Nio China reduced the immediate share dilution risk of Nio and is positive for Nio's share price,...
5 days ago • 1 min read
CnEVPost Newsletter: Daily Recap Sept 27, 2024 BYD chief scientist expects solid-state batteries to be widely used in 5 years' time BYD's chief scientist expects solid-state batteries to be widely used in 5 years, starting with high-end models, the first time a BYD executive has spoken publicly on the topic in the last few years. BYD starts taking pre-orders for Xia MPV BYD gave the Xia its debut a month ago, saying at the time that the MPV would be priced in the RMB 300,000 yuan ($42,780)...
7 days ago • 1 min read
CnEVPost Newsletter: Daily Recap Sept 26, 2024 China Sept EV sales preview: Deutsche Bank expects Nio at 21,000, Tesla 64,000, BYD 370,000 New order flow for Nio's main brand is estimated at around 20,000 units in September, flat from August, but new brand Onvo has received more than 30,000 non-cancelable orders, according to Deutsche Bank. Xpeng adds new 4-wheel-drive variant to G9 SUV Xpeng has added a new variant of the G9 to cater to consumers who value power over smart driving...
8 days ago • 1 min read
CnEVPost Newsletter: Daily Recap Sept 25, 2024 BYD sees 9 millionth NEV roll off line BYD today saw its 9 millionth NEV, a Yangwang U9 electric supercar, roll off the assembly line, as it produced its latest 1 million vehicles in less than 3 months. BYD delivers 100 electric buses to Uruguayan bus operator Cutcsa Cutcsa is the largest electric bus operator in Uruguay, which plans to fully electrify its fleet by 2040. Nio enters charging partnership with China's oil giant Sinopec Nio and...
9 days ago • 1 min read
CnEVPost Newsletter: Daily Recap Sept 24, 2024 China EV insurance registrations for week ending Sept 22: Nio 3,700, Tesla 13,800, Xiaomi 2,900, BYD 80,600 Li Auto had 12,000 insurance registrations last week, Xpeng 3,500, Zeekr 3,800, Leapmotor 6,300 and Aito 7,300. BYD plans to bring more models to Japan, including Tang SUV, report says BYD will bring the Tang SUV to Japan to diversify its product matrix there. The Han and Qin sedans will also be brought to Japan, according to local media....
10 days ago • 1 min read
CnEVPost Newsletter: Daily Recap Sept 23, 2024 BYD launches Sealion 05 DM-i and 2nd-gen Song Pro DM-i, both starting at $15,980 BYD has launched the compact hybrid SUVs Sealion 05 DM-i and the second-generation Song Pro DM-i, both equipped with the more fuel-efficient DM 5.0 technology. BYD's new car carrier ready for operation Guangzhou Shipyard held an undocking ceremony on September 20 for the BYD Hefei, a 7,000-vehicle car carrier built for BYD. BYD Denza says Z9GT gets over 5,000 orders...
11 days ago • 1 min read
CnEVPost Newsletter: Daily Recap Sept 20, 2024 Nio denies it has plans to take over Audi's Brussels car plant Nio has no plans to take over the Audi plant, and the company is cautious about investing in fixed assets, the EV maker's CEO William Li said. Onvo L60 success paves way for Nio brand revival, says Deutsche Bank That's because all upcoming Nio-branded products will come from NT 3.0 technology, which not only offers superior performance but also outstanding cost savings, Deutsche Bank...
14 days ago • 1 min read
CnEVPost Newsletter: Daily Recap Sept 19, 2024 Nio Onvo launches L60 to take on Tesla Model Y, and wider competition Nio's sub-brand Onvo has officially launched its first model, the L60, which is priced much lower than the Tesla Model Y, but brings more interior space and better features. Nio Onvo now has 40% of its store managers from Tesla Onvo currently has 180 store managers in China, 40 percent of whom are from Tesla and 27 percent from Li Auto, an executive said. Nio mulling takeover...
15 days ago • 1 min read
CnEVPost Newsletter: Daily Recap Sept 18, 2024 Nio starts deliveries of new ES8 in Europe Nio began deliveries of the new ES8 -- known locally as the EL8 -- in Europe, after launching the electric SUV there three months ago. Nio releases new charging scheme for battery swap service, to come into effect on Sept 24 The new scheme makes billing more dependent on the amount of power added, which may help promote the use of the battery swap service compared to the previous fixed service fee plus a...
16 days ago • 1 min read