Author: Linda Ma

Neta, the electric vehicle (EV) brand of Hozon Auto, has made significant progress in February with a 41.53 percent increase in deliveries compared to the previous year. The company delivered 10,073 units in February, showing impressive growth from 6,016 units in January. Neta has achieved this growth through the sales of their budget EVs, Neta V and Neta U, as well as their flagship sedan, Neta S. Neta’s sales data for February reveals that the deliveries of Neta S increased by 35 percent from 1,517 units in January to 2,048 units. The brand’s current focus is on the affordable EV…

Zeekr, the electric vehicle (EV) maker owned by Geely, delivered 5,455 vehicles in February, marking a significant increase of 75.06% from 3,116 in January and 87.07% from the same month last year. The company currently has two models on sale – the Zeekr 001 hatchback and the Zeekr 009 MPV – and has cumulative deliveries of 86,519 units as of the end of February. The Zeekr 001 and Zeekr 009 have an average order amount of RMB 336,000 ($48,840) and RMB 527,000, respectively. See also: Zeekr Secures $750 Million in Series A Financing, Valuation Reaches $13 Billion In addition to…

XPeng announced that it delivered 6,010 vehicles in February, marking a 15.18% increase from 5,218 in January and a 3.45% decrease from 6,225 in the same month last year. While last year’s Chinese New Year fell in February, this year’s holiday occurred in January, which had an impact on deliveries. As of the end of February, XPeng’s total deliveries since its inception reached 269,938 vehicles. To stay ahead of the competition, XPeng is rolling out advanced driver assistance features, starting with its City NGP technology in March. The feature will be introduced in several cities, including Shenzhen and Shanghai. See…

Tesla’s highly-anticipated Model S and Model X vehicles are finally making their way to China, with the first batch being imported in small numbers. On February 28th, six pure electric Tesla cars arrived at the Nangang terminal in Shanghai Yangshan Port and were inspected by customs officers on-site. This marks the first shipment of the new Tesla Model S Plaid and Model X Plaid to China by sea since their launch. Tesla is eager to complete customs clearance as soon as possible so that the new models can be made available in the Chinese market. See also: Upcoming Tesla Cybertruck…

NIO reported a record revenue of RMB 16.06 billion ($2.33 billion) in the fourth quarter of 2022, marking the 11th consecutive quarter of revenue growth for the company. However, NIO fell short of Wall Street expectations and its gross margin plummeted to single digits. The company’s Q4 revenue was up 23.55 percent from Q3 and 62.26 percent year-on-year, but fell short of analysts’ expectations of RMB 17.265 billion. The revenue guidance for the quarter was RMB17.37 billion to RMB19.23 billion, but the company gave no new revenue guidance when it lowered its delivery guidance in December. See also: NIO’s Sub-Brand…

Li Auto announced that it has installed over 200,000 home charging piles for its owners, underscoring the company’s commitment to meeting the needs of its customers. As of January 31, the company had made 272,475 cumulative deliveries, with more than 70% of owners installing home charging piles. Li Auto’s EREVs are essentially plug-in hybrid electric vehicles (PHEVs), but they boast a battery range of almost 200 kilometers, longer than many conventional PHEVs. In the first four weeks of February alone, Li Auto vehicles had 15,927 insurance registrations. See also: Li Auto’s Fourth Quarter Results: Revenue Beats Expectations, Gross Margins Rebound…

NIO’s sub-brand, codenamed ALPS, is set to take advantage of the 800-volt high-voltage platform that enables faster vehicle charging. According to Shen Fei, Vice President of NIO Power, the entire lineup of ALPS will be built on this new platform, and the third-generation battery swap stations will be compatible with ALPS models. NIO’s ALPS sub-brand aims to target the mainstream market of RMB 200,000 ($28,840) to 300,000, and the vehicles will be ready for mass production and delivery in the second half of 2024. See also: NIO’s Sub-Brand ALPS to Target Mainstream Market with New Sales Channel and Halved Model…

Jiangnan Motors, a subsidiary of Zotye Auto, has launched their new affordable and efficient electric vehicle, the Jiangnan U2, on February 26th. With a starting price of 56,800 RMB (8,100 USD), which is 2,000 RMB (300 USD) lower than the pre-sale price, the U2 is expected to appeal to many customers looking for an intelligent pure electric car that doesn’t break the bank. The U2 comes in six different models, each with varying configurations and driving range, depending on the model. The car is built on the Jiangnan Automobile J-Smart 1.0 pure electric platform, which offers two power versions, one…

Li Auto, the Chinese electric vehicle (EV) maker, reported its unaudited fourth-quarter financial results with solid revenue and gross margin figures that exceeded market expectations. According to the financial reports released today, the company’s revenue was RMB 17.65 billion ($2.56 billion) in Q4 2022, slightly above the market consensus of RMB 17.622 billion. The automaker’s revenue grew by 66.19% year-on-year and 88.97% quarter-on-quarter. Li Auto had previously forecasted Q4 revenue of RMB 16.51 billion to RMB 17.61 billion. The company delivered 46,319 vehicles in the fourth quarter, which was within the guidance range of 45,000 to 48,000 vehicles. Li Auto’s…

Geely’s Zeekr brand has announced that their new MPV, the Zeekr 009, has been selected as the official vehicle for the upcoming 19th Asian Games. The electric vehicle will be used to shuttle members of the International Olympic Committee, the Olympic Council of Asia, and famous athletes during the Hangzhou Asian Games, which are set to begin in September. The decision to choose the Zeekr 009 as the official vehicle for the Hangzhou Asian Games highlights the growing popularity and trust in electric vehicles in the automotive industry. As the world shifts towards more sustainable transportation options, it’s exciting to…

BYD has denied reports of official price cuts on its Dynasty and Ocean series vehicles, stating that dealer promotions are responsible for discounts in some areas. The automaker’s operations remain stable and it is not currently considering price cuts, according to an unnamed company source cited by Yicai. However, Jiemian reported that several BYD showrooms in Beijing and Shanghai claimed to have received official notices of price reductions on most models, with discounts ranging from RMB 10,000 or more for older models and several thousand RMB off for popular models. See also: BYD Cuts Prices to Keep Market Share Amid…

Tesla China is gearing up to upgrade its Giga Shanghai Model 3 line at the end of February. This is a departure from the company’s usual practice of focusing on the domestic market in the latter half of each quarter. The upgrades are expected to pave the way for the release of an updated Model 3, making the vehicle more competitive in the market. Recent drone flyovers at the Shanghai port show that there are still a large number of Teslas waiting to be shipped abroad. Interestingly, many of the vehicles still at the port are right-hand-drive Model 3 units.…

Chinese smartphone makers Oppo and Vivo have announced a partnership with NIO, the electric vehicle (EV) maker, to adapt their smartphones into car keys for NIO’s vehicles. NIO owners can now use their Oppo or Vivo smartphones as senseless car keys by completing the necessary settings. Oppo users can add digital car keys to their phone’s wallet app, which will unlock the doors automatically when the phone is close to the car. Once the driver enters the car, they can activate the driving mode directly. After leaving the car with their phone, the vehicle will automatically lock, eliminating the need…

Huawei and Seres Group, one of its key partners in the automotive sector, have signed a new agreement to deepen their collaboration and expand their offerings in the field. According to a press release from Seres, the two companies will jointly launch a new vehicle platform, with the first flagship model expected to be released in 2023 and equipped with advanced intelligent driving systems. Additionally, several new models based on the platform are slated for release in the future. Huawei will bring its market and user demand insight capabilities to the table, while Seres will continue to evolve and improve…

NIO is reportedly planning to build its first battery plant to produce large cylindrical batteries similar to those used by Tesla, according to sources cited by Reuters. The new plant, located next to NIO’s major manufacturing center in Hefei, eastern China, will have an annual battery capacity of 40 GWh and will be capable of powering approximately 400,000 long-range electric vehicles. The move is aimed at reducing NIO’s reliance on suppliers such as CATL, and the company’s founder, chairman, and CEO, William Li, confirmed in an earnings call last June that NIO would develop its own batteries. See also: CATL…

Geely Auto, the Chinese multinational automotive company, has recently launched its latest series of vehicles, the Galaxy series. The first model of this series is the Geely Galaxy L7 SUV, a plug-in hybrid (PHEV) SUV that will begin deliveries in the second quarter of this year. The Galaxy series will focus on premium long-range hybrid and pure electric vehicles, with the L line representing PHEVs and the E line representing pure EVs. The second car of the Galaxy series, the L6 PHEV sedan, will start deliveries in Q3 of this year. The first car of the E series, the E8,…

Taiwan’s Delta Electronics, a leading supplier of power components to Tesla and other companies, is expecting significant growth in the next five years driven by the electric vehicle (EV) boom. The company’s chairman, Yancey Hai, made the bullish comments during a fourth-quarter earnings call, citing the shift towards EVs from traditional gasoline-powered vehicles as a major driver of growth. He stated that the company would grow at a double-digit rate on average for the next few years and that their goal is to achieve at least double-digit growth for the next five years. Delta Electronics’ components, such as fans, which…

Geely, the Chinese automotive giant and owner of Polestar, Zeekr, and Volvo, is taking on the likes of Tesla and BYD with the launch of its new high-end electrified product series, Geely Galaxy. With the first fully electric vehicle set to launch before the end of the year, the brand is adding to its impressive portfolio of sustainable transportation offerings. Geely’s journey towards sustainable transportation began in 2010 when it acquired Volvo from Ford, granting the Chinese automaker access to the Swedish automaker’s advanced technology and expertise in safety, design, and engineering. Geely also gained access to Volvo’s racing partner,…

Chinese automaker Geely is set to release a new variant of its popular Smart #1 electric vehicle (EV) later this year. The new model has been approved by Chinese regulators, giving us a sneak peek at its features. Compared to other versions of the Smart #1, the new variant will come with a smaller 49 kWh lithium iron phosphate (LFP) battery, instead of the current 66 kWh ternary (NMC) battery. It will also have a single rear motor capable of producing 268 horsepower, which is the same motor used in the non-Brabus version of the car. However, the top-of-the-line Brabus…

NIO is reportedly planning to launch a sub-brand, codenamed ALPS, that will target the mainstream market in the RMB 200,000 to 300,000 range. According to Jiemian’s recent report, the sub-brand will have a new channel and is expected to launch half the number of planned models compared to the main NIO brand. The monthly sales target is set to achieve 50,000 units, and the vehicles will be built on the NT 3.0 platform, supporting high-voltage fast charging. Mass production and delivery are expected to begin in the second half of 2024. Ai Tiecheng, the head of ALPS, was previously the…