Author: Linda Ma

In a significant leap towards its foray into the electric vehicle (EV) landscape, Chinese tech titan Xiaomi has received the green light from the National Development and Reform Commission (NDRC) to establish an annual production capacity of 100,000 electric vehicles. This regulatory approval marks a pivotal milestone in Xiaomi’s audacious venture into the EV manufacturing realm. Xiaomi’s founder and visionary, Lei Jun, made waves in 2021 by announcing the company’s strategic entry into the realm of smart electric vehicles. Pledging a formidable investment of $10 billion over the forthcoming decade, Jun laid out an ambitious roadmap with the goal of…

Xpeng, the Chinese electric vehicle (EV) manufacturer, has officially commenced deliveries of its flagship sedan, the P7i, across several European markets. The company’s foray into the European automotive landscape marks a significant step in its mission to provide advanced and intelligent mobility solutions to customers worldwide. The P7i’s international debut has seen successful deliveries kick-starting in prominent Nordic countries, including Norway, Sweden, Denmark, and the Netherlands. Xpeng announced this milestone through its official Weibo account, underscoring its commitment to delivering innovation and cutting-edge technology to global consumers. In an era where smart driving experiences are shaping the automotive industry, Xpeng’s…

In a strategic move to rival competitors like SAIC-GM-Wuling’s Mini EV, Chinese automotive powerhouse Dongfeng Motor has taken the automotive industry by storm with the official launch of its new brand, Nammi. Unveiled during a captivating event in Chengdu, Sichuan province, Dongfeng’s Nammi emerges as China’s pioneering car brand singularly dedicated to the realm of compact electric vehicles. Harnessing the power of direct user engagement, Dongfeng places individuality at the core of Nammi’s ethos, with the letter “M” symbolizing the brand’s strong emphasis on the user, succinctly defined as “Me.” The essence of user participation extends further, with the brand’s…

In a strategic move, Xiaomi’s electric vehicle (EV) division has restructured its power battery suppliers, selecting CALB as the tier-1 supplier and CATL as the tier-2 supplier, according to insider sources cited by Jiemian, a prominent local media outlet. This decision marks a significant shift from the previous arrangement, where CATL held the tier-1 position. The adjustment comes after a patent dispute between the two battery manufacturers, culminating in Chinese intellectual property authorities invalidating two of CATL’s patents, effectively enabling CALB to reenter the competition. Xiaomi had originally secured battery packs from CATL at a starting cost of RMB 80,000…

In a strategic move that reflects the burgeoning electric vehicle (EV) market, Zeekr has set its sights on a substantial sales increase by 2025, seeking to achieve nearly tenfold growth compared to its 2022 figures. The prominent automaker, a subsidiary of Geely, has unveiled plans to introduce a range of mass-market-oriented models over the next two years. With aspirations of reaching an annual sales target of 650,000 units by 2025, Zeekr’s CEO, Andy An, conveyed this ambition in an official statement following Geely’s recent announcement of its first-half financial results. Meanwhile, Geely has maintained its 2023 sales projection at 1.65…

In a recent announcement, renowned tech company Huawei and electric car manufacturer Chery have revealed their joint venture in the form of a sophisticated electric sedan, officially named the Luxeed S7. This unveiling comes after a tantalizing glimpse provided by Huawei a few days ago, accompanied by news that the vehicle is set to make its market debut in the near future. The Luxeed S7 emerges as a striking coupe-like sedan that blends innovation and style in a co-production effort between the two companies. The Luxeed S7, set to be unveiled this quarter, embodies the outcome of the collaboration between…

In the second quarter of 2023, Chinese electric car manufacturer Xpeng reported an upturn in sales compared to the preceding quarter, although accompanied by increased losses. The company’s focus is now on a projected rebound in the current quarter, with Xpeng forecasting a substantial surge in deliveries and sales. Xpeng’s sales for the period spanning April to June reached 5.06 billion yuan (approximately 636 million euros), marking a 25.5 percent increase from the first quarter of 2023. However, this figure also represents a 31.9 percent decline compared to the same interval in 2022. This shift in performance can be traced…

China Evergrande Group’s subsidiary, China Evergrande New Energy Vehicle Group (NEV), has announced plans to issue new shares. This move is part of the broader restructuring strategy aimed at reducing loan burdens and bolstering liquidity. Under the terms of the plan, NEV is set to release an aggregate of 5.44 billion new shares at a price of HK$3.84 per share, totaling HK$20.89 billion (approximately $2.67 billion). The primary purpose of this share issuance is to retire outstanding loans owed by NEV, including those associated with China Evergrande and its founder, Hui Ka Yan, as well as his affiliated entity Xin…

In light of robust sales figures and a growing demand for its vehicles, Chinese automaker BYD has issued a rallying cry to its compatriot car manufacturers, urging them to collaborate closely and propel China to the forefront of the global automotive industry. This call for unity was underscored by the assertion that existing paradigms should be challenged in pursuit of a brighter future. BYD’s founder and chairman, Wang Chuanfu, articulated this vision at an event commemorating the automaker’s latest production milestones. During the event, a video presentation showcased the emergence of twelve prominent Chinese car manufacturers, among them FAW Group,…

Fang Cheng Bao, a subsidiary of BYD, is gearing up for a significant brand and technology launch event scheduled for August 16. The announcement, shared through the company’s official Weibo account, has sparked anticipation regarding the unveiling of the much-anticipated Leopard 5, which is believed to be an SUV and Fang Cheng Bao’s inaugural model. Despite the heightened interest surrounding the upcoming event, Fang Cheng Bao has maintained a veil of secrecy, leaving automotive enthusiasts eager for more details. The teaser poster associated with the announcement prominently features an SUV, presumably offering a glimpse of the Leopard 5. The anticipation…

Tesla has recently make a strategic move in the Chinese market by reducing the prices of its popular Model Y SUV while simultaneously introducing insurance subsidies for its Model 3 sedan. These developments aim to reinforce the company’s competitive stance and appeal to a broader range of potential customers. The price adjustments, effective immediately, pertain to both the Model Y Long Range and the Model Y Performance variants, which have seen a reduction of 14,000 yuan ($1,930) in their respective price tags within the Chinese market. As a result, the starting cost of the Model Y Long Range has been…

In a bid to bolster its economic security and encourage domestic production, Japan is reportedly gearing up to introduce tax incentives for companies manufacturing electric vehicle (EV) batteries and semiconductors within the country. This move, as reported by the Nikkei newspaper, is set to be implemented from April 2024 and follows the footsteps of similar industrial policies in the United States and European Union. The envisaged strategy seeks to incentivize companies to shift their production lines back to Japan from other locations, particularly China. This realignment is aligned not only with economic considerations but also with the nation’s commitment to…

In a striking turn of events, the sales of the Volkswagen ID.3 electric vehicle (EV) in China have witnessed a remarkable surge, soaring over threefold in comparison to the previous month. This surge is directly attributed to a shrewd strategic move made by SAIC-Volkswagen in early July, involving a substantial reduction in the vehicle’s price. The impact of this manoeuvre has been clearly reflected in the sales figures for July, where the Volkswagen ID.3 achieved a significant leap in sales, solidifying its position in the Chinese EV market. SAIC-Volkswagen, the joint venture between SAIC and Volkswagen responsible for the Chinese…

Li Auto has unveiled its bold plans to further establish its presence in China’s premium automotive sector. The company’s management recently announced their intentions to launch four new models in 2024, bolstering its product offerings and challenging established German luxury carmakers. During an analyst conference call held after the disclosure of its second-quarter earnings, Li Auto revealed its upcoming models, which include an SUV incorporating extended-range technology and three battery electric vehicle (BEV) models. Currently, the company boasts a trio of extended-range electric vehicles (EREVs) for sale – the Li L7, Li L8, and Li L9. By 2025, Li Auto…

In a significant development, the cooperation agreement between Xpeng and Volkswagen has underscored China’s automotive industry’s commitment to sharing technological advancements on a global scale, according to Xpeng’s CEO, He Xiaopeng. Established German automaker, the Volkswagen Group, recently concluded an agreement to acquire a 4.99-percent stake in the Chinese electric vehicle (EV) startup, Xpeng. This collaboration entails the joint development of two EV models tailored for the Chinese market. The pact has drawn substantial attention, as it grants Volkswagen access to Xpeng’s cutting-edge technologies, notably the advanced driving assistance system (ADAS). This move bolsters Volkswagen’s strategy to penetrate China’s rapidly…

BYD marked a remarkable achievement as its 5 millionth NEV rolled off the assembly line. The company’s two-decade-long commitment to the sector has yielded significant dividends, establishing it as a pioneer in the electric vehicle market. In a ceremony held at its Shenzhen headquarters, BYD celebrated its distinction as the world’s first automaker to reach the 5 million NEV milestone. The occasion was graced by the presence of the Chinese NEV giant’s leadership and esteemed guests. The noteworthy 5 millionth NEV, named the Denza N7 SUV, was introduced by BYD’s sub-brand Denza just last month. Renowned Chinese entrepreneur and speaker,…

A significant development has emerged in the ongoing legal battle involving Chinese electric vehicle manufacturer NIO Inc. Investors have been granted the green light to proceed collectively as a class in a lawsuit that accuses the company of deceptive practices related to its 2018 initial public offering (IPO). The lawsuit, currently in federal court in New York, is centered around allegations that NIO, its executives, and underwriters made false statements regarding the construction of a factory in Shanghai during its IPO in 2018. Investors are seeking compensation for damages stemming from a subsequent decline in share price after NIO announced…

Dongfeng’s automotive prowess is set to take center stage this summer with the much-anticipated unveiling of the revamped Voyah Free SUV. All eyes are on August 19, the date of its debut at the prestigious 2023 Voyah Night event in China. This medium-to-large SUV is armed with a host of features that could potentially redefine the standards in its category, making it a compelling option for those seeking a balance of sophistication and innovation. The 2023 Voyah Free SUV assumes an elongated form, stretching to 4,905 mm in length and standing at a height of 1,660 mm. This growth, albeit…

In response to recent rumors hinting at a possible collaboration between electric vehicle (EV) manufacturer NIO and renowned automaker Mercedes-Benz, NIO has taken a decisive stance by dismissing these claims as unfounded. A spokesperson representing NIO firmly declared that the circulating reports regarding a potential partnership with Mercedes-Benz lack validity. When probed about the alleged collaboration, the spokesperson unequivocally informed CnEVPost, “It’s false information.” The speculations gained momentum following the emergence of videos on August 4, showcasing NIO’s founder, chairman, and CEO, William Li, accompanying a group of foreign individuals during a tour of a battery swap station. This visual…

Audi is preparing to introduce its much-anticipated e-tron GT to the Chinese market. The all-electric Gran Turismo, sharing its platform with the Porsche Taycan, is poised to make a splash with prices starting at 999,800 yuan (approximately $140,000). Chinese car enthusiasts had already enjoyed the RS variant of the Audi e-tron GT since late 2022, priced from 1,468,800 yuan (around 186,500 euros). The e-tron GT boasts two electric drives, generating a robust system output of 350 kW and a peak torque of 630 Nm. Equipped with a 93 kWh battery, the Audi offers an impressive WLTP range of 488 kilometers.…