Author: Linda Ma

BYD has expanded its fleet of car carriers to six vessels as the Chinese new energy vehicle (NEV) maker intensifies efforts to boost its international presence. The latest addition, the BYD Xi’an, was officially launched on April 2, the company announced. Meanwhile, BYD said the BYD Shenzhen, the world’s largest car roll-on/roll-off (ro-ro) vessel, is preparing for its maiden voyage. The company did not disclose further details about the BYD Xi’an’s capacity but shared images of both vessels. See also: BYD Targets 5.5 Million Vehicle Sales in 2025, Aims for 92% Overseas Growth This marks the first time BYD has…

China will initiate pilot programs in nine cities to integrate electric vehicles (EVs) into the power grid, allowing them to store energy and feed it back during peak demand, the National Development and Reform Commission (NDRC) and the country’s energy regulator announced on Wednesday. The initiative aims to enhance the stability of the electricity grid as EV adoption rises, addressing concerns that growing demand could strain generation and transmission systems. See also: China’s EV Charging Piles to Reach 3.6 Million in 2024, Covering 70% of Global Total The majority of the 30 projects across cities, including Beijing, Shanghai, Shenzhen, and…

China’s BYD reported a rebound in new energy vehicle (NEV) sales in March as the country’s auto market emerged from the seasonal slowdown at the start of the year. The company sold 377,420 NEVs in March, marking a 24.78% increase from a year earlier and a 16.90% rise from February, according to data released Today. See also: BYD Teases New e7 Electric Sedan Amid Wave of Model Launches BYD ceased production and sales of internal combustion engine-only vehicles in March 2022 and has since focused on plug-in hybrid electric vehicles (PHEVs) and battery electric vehicles (BEVs). Passenger NEV sales reached…

Li Auto  reported delivering 36,674 vehicles in March, marking a 26.53% increase from the same month last year and a 39.64% rise from February, according to data released today. This brings the company’s first-quarter deliveries to 92,864 vehicles, aligning closely with its earlier guidance range of 88,000 to 93,000 vehicles.​ See also: Li Auto to Open-Source Halo OS, Challenging Industry Standard AUTOSAR “Li Auto’s L series, a key contributor to the company’s rapid profitability and breakthrough of the RMB 100 billion revenue mark, is expected to achieve the milestone of delivering its 1 millionth vehicle soon,” the company stated.​ As…

Chinese new energy vehicle (NEV) manufacturer Leapmotor reported a significant rise in vehicle deliveries for March, with 37,095 units delivered, marking a 154.65% increase from the same period last year, the company said on Monday. First-quarter deliveries reached 87,552 units, up 162.05% year-on-year, as the company gained momentum following a traditionally slow start to the year. “The company’s C-series models have already achieved monthly sales of more than 40,000 units, and the future B-series models will be even higher,” Leapmotor said in a media interview after its latest model launch event. See also: Stellantis and Leapmotor Eye $200 Million Investment…

Chinese automaker Chery on Wednesday denied reports that it plans to invest $1 billion in an electric vehicle (EV) production facility in Turkey, contradicting an earlier announcement from the Turkish government. The Turkish presidency stated that Chery would establish a manufacturing plant in the Black Sea province of Samsun with an annual production capacity of 200,000 EVs. The announcement followed a video of Turkish President Tayyip Erdogan presenting a “certificate of appreciation” to Chery International President Guibing Zhang for the alleged investment. Bloomberg initially reported the news. See also: China’s Chery Files for Hong Kong IPO to Fund Expansion, R&D…

Nio  has commenced deliveries of its executive flagship sedan, the ET9, marking the introduction of its most expensive model to date. The inaugural vehicle was delivered to Fang Hongbo, chairman and CEO of Chinese home appliance giant Midea Group, in Foshan, Guangdong. Nio’s founder and CEO, William Li, personally handed over the vehicle.​ “I test drove it a few months ago and it impressed me,” Fang remarked, highlighting the vehicle’s spaciousness and intelligence. “Especially its sense of space, its cabin has a sense of a business jet, and it is also very intelligent.” See also: Nio Targets Fourth-Quarter Profitability, Expands…

Chinese electric vehicle maker Xpeng has delivered over 40,000 units of its P7+ electric sedan within four months of its launch, the company’s chairman and CEO, He Xiaopeng, said on social media. The milestone highlights strong demand for the mid-to-large-size sedan, with approximately one-third of buyers switching from gasoline-powered vehicles, He noted in a Weibo post. See also: Xpeng Plans at Least Five Extended-Range EV Models as Hybrid Market Expands  The latest figure suggests that Xpeng delivered 7,153 P7+ units so far this month, following cumulative deliveries of 32,847 at the end of February. Launched on November 7, 2024, the…

Nio has entered a strategic partnership with a state-owned enterprise backed by Beijing’s Changping district government to construct 100 battery swap stations, the electric vehicle (EV) maker said on Wednesday. Nio signed the agreement with Future Science City Group, which is majority-owned by the Changping District State-owned Assets Supervision and Administration Commission. The deal focuses on developing a green energy battery swap network, according to Nio co-founder and president Li Hong Qin. See also: Nio Plans Share Issuance to Raise Capital Amid Financial Pressures “Last week, we reached a strategic cooperation with CATL on battery swapping to build the world’s…

BYD will bring its first 1,000-kW charging stations online next month, as the automaker prepares for the official launch of its Han L sedan and Tang L SUV, a company executive said on Thursday. The ultrafast chargers, first unveiled on March 17, can add 2 kilometers of range per second or 400 kilometers in five minutes, BYD said at the time. The company is planning to deploy 4,000 of these stations, with an initial batch of 500 set to be operational by early April. See also: BYD Targets 5.5 Million Vehicle Sales in 2025, Aims for 92% Overseas Growth “Some…

China’s Geely Group is consolidating its digital cockpit development teams from Zeekr, Lynk & Co, and Geely Auto into a single unit, a move aimed at enhancing efficiency and reducing costs, a source familiar with the matter told Reuters. The restructuring brings together nearly 2,000 engineers who had previously worked separately on digital cockpit systems for the three brands. The company has taken similar steps in recent months by integrating its smart driving research and development teams. See also: Geely Galaxy Cuts Prices on Updated LEVC L380 MPV, Expands Variant Lineup “Geely is optimizing internal resources to enhance synergies in…

Chinese electric vehicle (EV) manufacturer Nio announced on Thursday that it plans to issue up to 118.8 million class A ordinary shares in offshore transactions to non-U.S. investors, as the company looks to raise funds following financial challenges highlighted in its fourth-quarter earnings report. Nio said it intends to use the proceeds from the offering for research and development in EV technologies and new products, as well as for strengthening its balance sheet and other general corporate purposes. However, the company noted that there is no assurance the equity placement will be completed. Following the announcement, Nio’s American Depositary Shares…