Author: Linda Ma

Electric vehicle (EV) giant Tesla has reportedly exhausted its inventory of the Model Y Standard Range configuration in China for the remainder of 2023. The move comes as Tesla strives to achieve its ambitious goal of delivering 1.8 million vehicles worldwide by the end of the year. China has emerged as a key market for Tesla, with consistently high demand propelling the automaker to prominent positions in sales rankings. The Model 3 and Model Y have played a pivotal role in driving EV adoption in the country, making China one of the leading adopters of electric vehicles globally. https://twitter.com/KelvinYang7/status/1733143808898949283 While…

Tesla reported robust sales in China for November, with a total of 82,432 locally manufactured vehicles sold, of which 16,928 were designated for export, according to data from the China Passenger Car Association (CPCA). The figures highlight the company’s continued growth in the Chinese market. The breakdown of sales reveals that within China, Tesla sold 65,504 vehicles in November, representing a 4.82% increase year-on-year and an impressive surge of 128.83% from the previous month. Tesla’s Shanghai plant, a key production hub, caters to both domestic demand and global exports. However, Tesla’s export numbers from the Shanghai factory saw a significant…

Chinese automaker XPeng has extended the reach of its cutting-edge driver assistance technology, the XNGP package, to an additional 20 cities in China. This expansion follows the initial limited release in select locations and includes cities such as Suzhou, Hangzhou, Wuxi, Changzhou, and Ningbo, complementing the early adopters like Beijing, Shanghai, Shenzhen, Foshan, and XPeng’s hometown. Available through over-the-air updates, the XNGP package can be utilized on specific versions of XPeng’s electric vehicles, including the G9 SUV, and P5 and P7 sedans. XPeng has positioned XNGP as a significant step toward achieving full autonomous driving capabilities, offering “full-scenario driver assistance,…

Chinese electric vehicle manufacturer Nio’s Anhui unit, in collaboration with a state-owned company affiliated with the Hefei government, successfully acquired assets from NHui Jianghuai Automobile (JAC) in a joint bid valued at 4.58 billion yuan ($641.2 million), as announced on Tuesday. Under the terms of the deal, Nio will acquire fixed assets and equipment from two JAC factories for a total of 3.16 billion yuan. Simultaneously, Hefei Hengchuang Intelligent Technology, a state-owned industry park developer, will purchase the buildings and land use rights of one of the plants for 1.42 billion yuan, according to the statement released. Nio officially confirmed…

Chinese company BYD Semiconductor has achieved a significant milestone by completing the first phase of its research and manufacturing project for power devices and sensor-control devices in Shaoxing, Zhejiang province. The initiative, with a total investment of RMB 10 billion ($1.4 billion), spans 417 mu (278,000 square meters) of land and aims to enhance the production capacity of key components for new energy vehicles (NEVs). The project, initiated by BYD in August 2022, progressed as planned, and the first phase was accomplished within the specified timeframe. The entire project is anticipated to be fully completed in 42 months. The comprehensive…

Chinese automaker BYD has marked a significant achievement with the production of the 200,000th unit of its compact battery electric vehicle (BEV), the Seagull. The milestone was reached just seven months after the model’s launch, underscoring its popularity in the market. BYD shared the announcement on Weibo, showcasing images of the Seagull’s assembly line. The Seagull, positioned as the most affordable model under the BYD brand, has quickly become one of the company’s top-selling models. Launched on April 26, the Seagull is available in three variants with starting prices ranging from RMB 73,800 ($10,360) to RMB 89,800. As an A0-class…

Chinese automaker Changan is charting an ambitious course for its Deepal brand, aiming to sell 450,000 electrified vehicles globally by 2024, with a specific focus on entering the European market. The international expansion is slated to kick off in Thailand, with plans for further growth in other ASEAN markets and Europe, according to Deepal CEO Deng Chenghao. Established in 2022, Deepal currently offers the mid-range sedan Deepal SL03 (known as L07 in Thailand) in various electric configurations, including battery electric (BEV), extended-range electric (EREV), and fuel cell electric (FCEV) versions in China. The mid-range SUV S07 is also part of…

Chinese automakers Nio and Zhejiang Geely Holding Group announced on Wednesday a collaborative effort in the realm of battery swapping, solidifying their partnership through a strategic agreement. Geely, known for its diverse range of brands from Volvo to Zeekr, becomes the second automaker to engage in a battery swapping alliance with Nio, following Nio’s recent collaboration with Changan Automobile. The focus of this partnership lies in the joint development of standards, technology, and vehicle models related to battery swapping. This cooperative venture, as described by both companies, will involve a “co-investment, co-construction, shared, co-operative” model. The primary objectives include establishing…

Chinese tech giant Huawei, in collaboration with local automaker Chery, has introduced its first electric vehicle (EV) under the newly established Luxeed brand. The Luxeed S7, a mid to large-size all-electric sedan, aims to heighten competition in China’s burgeoning EV sedan market. Richard Yu, the head of Huawei’s automotive business, officially launched the Luxeed S7 during an event in Shanghai. The sedan is available in four variants—Pro, Max, Max+, and Max RS—with pricing starting at RMB 249,800 ($34,920), RMB 289,800, RMB 319,800, and RMB 349,800, respectively. Notably, the official starting prices are RMB 8,200 lower than the pre-sale figures from…

Luxury electric vehicle subsidiary Lotus Technology, under the umbrella of sports car brand Lotus, announced on Tuesday the successful acquisition of $870 million in financing. This financial boost precedes the finalization of its merger with blank-check company L Catterton Asia Acquisition (LCAA). According to a statement from Lotus Technology, the financing was secured based on a valuation of $5.5 billion. As part of the merger deal with LCAA, investors will receive public shares, resulting in Lotus Technology having a free float exceeding 19%, excluding current LCAA shareholders. The substantial funds obtained will be allocated towards advancing the development of next-generation…

Chinese electric vehicle manufacturer Zeekr has reported a remarkable reception for its debut mainstream electric sedan, the Zeekr 007, during its pre-sales phase. The company disclosed that within nine days of initiating pre-sales, they received over 25,000 pre-orders for the model. Unveiled at the Guangzhou auto show on November 17, the Zeekr 007 entered pre-sales with an initial price tag of RMB 229,900. However, a limited-time discount prompted a reduction in the pre-sale starting price to RMB 224,900, further fueling consumer interest. See also: What We Know So Far About Zeekr 007 Electric Sedan Specifications Customers reserving the Zeekr 007…

In the rapidly evolving landscape of electric vehicles (EVs), Nio’s innovative battery swapping concept has gained significant traction in China and beyond. Originally pioneered by Nio and embraced by battery giant CATL, this groundbreaking approach to quick and efficient charging has made its way to Europe, with Nio’s Power Swap Stations becoming a familiar sight. As of October 26, Nio boasts a network of 2,000 Power Swap Stations in China, complemented by 27 stations strategically positioned across Europe. With ambitious plans for expansion in the coming months, Nio aims to redefine the EV charging experience. The fundamental premise is elegantly…