Author: Jackson Han

Tesla witnessed a further decline in sales of China-made vehicles last month, possibly due to the impact of the Chinese New Year holiday on output at its Shanghai plant. According to data released by the China Passenger Car Association (CPCA), the US electric vehicle (EV) maker sold 60,365 China-made vehicles in February. This figure represents a decrease of 18.87 percent from the 74,402 units sold a year ago and a 15.51 percent drop from the 71,447 vehicles sold in January. See also: 2024 Tesla Model 3 Highland: Is It Worth the Upgrade? Tesla’s Shanghai factory, its largest globally with an annual…

New details about the upcoming SU7 model have emerged. Recently leaked photos from the Xiaomi Car Beijing Factory have unveiled three new color options for the SU7, complementing the previously announced palette. The new color options include a sophisticated blue-grey, a vibrant orange, and a sleek dark purple. These additions offer a wider range of styles compared to the previously showcased “Gulf Blue,” catering to different preferences, from classic to sporty looks. See also: Xiaomi Set to Begin Deliveries of First Electric Vehicle, the SU7, Within Months Adding to the speculation, a leaked research document circulated online, suggesting a potential March…

Nio, a leading electric vehicle (EV) manufacturer, has announced the nationwide availability of its NOP+ (Navigate on Pilot Plus) feature, allowing users to utilize the advanced driving assistance system (ADAS) on virtually all roads in China. This development comes shortly after a similar announcement from local competitor Xpeng. Harry Wong, Nio’s head of smart driving products and experiences, revealed the expansion in a post on the Nio App on March 1. He referred to this new mode as Unlimited Mode, which enables NOP+ to function on almost any road in China, except for those with specific control measures. See also: Xpeng…

Chinese electric vehicle manufacturer Leapmotor has unveiled a series of updates to its existing models, including the T03, C01, and C11, alongside the launch of the new C10, all aimed at offering more competitive pricing in a crowded market. The T03, a compact battery electric vehicle (BEV) without an extended range electric vehicle (EREV) variant, now comes in three variants with starting prices of RMB 49,900, RMB 59,900, and RMB 69,900, offering city travel ranges of 200 km, 310 km, and 403 km, respectively. See also: Stellantis Considers Producing Leapmotor EVs at Fiat’s Historic Mirafiori Plant in Turin Leapmotor has also…

BYD experienced a significant drop in sales in February 2024, primarily attributed to disruptions caused by the New Year holiday. According to an announcement made on the Hong Kong Stock Exchange today, BYD sold 122,311 new energy vehicles (NEVs) in February, marking a 36.84 percent decrease year-on-year and a 39.30 percent decline from January. The company ceased the production and sale of vehicles powered solely by internal combustion engines in March 2022, shifting its focus to the manufacturing of plug-in hybrids (PHEVs) and battery electric vehicles (BEVs). See also: BYD Explores Mexican Plant to Boost Local Market Share BYD’s NEV sales…

Tesla unveiled new incentives on Friday in an effort to attract consumers in China, the world’s largest auto market, where it is engaged in a fierce price war with competitors such as BYD. The U.S. electric vehicle giant announced that customers purchasing existing inventories of Model 3 sedans and Model Y SUVs by the end of March could receive up to 34,600 yuan ($4,807.76) worth of incentives, according to a post on its Weibo account. See also: Tesla Raises Prices of Select Model Y Vehicles by $1,000 in the U.S. The incentives include an 8,000 yuan discount on car insurance products…

Nio, the Chinese electric vehicle manufacturer, experienced a decline in deliveries last month, with disruptions from the Chinese New Year holiday and potential customers holding off for the 2024 model year refresh likely contributing factors. The company delivered 8,132 vehicles in February, marking a 33.11% decrease from the previous year and a 19.12% decrease from January, according to data released today. See also: Nio Strikes Technology License Deal with Forseven Limited These deliveries comprised 4,765 SUVs and 3,367 sedans, though specific figures for individual models were not provided by the company. Nio’s current lineup includes the ES8, ES7, ES6, EC7, EC6,…

New Jersey residents looking to purchase a new or used battery-electric vehicle (BEV) will soon face higher costs as the state plans to phase out a 6.625% sales tax waiver that has been in place for the past 20 years. The move is part of a broader effort to prioritize electric vehicle incentives and combat climate change, with the state already announcing a ban on the sale of new combustion-powered vehicles by 2035. The state’s ChargeUp incentive program, which provides residents with up to $4,000 in rebates for buying an EV, will remain in effect. However, the program faced challenges…

Li Auto faced a challenging month in February, with deliveries dropping to 20,251 vehicles, down 35 percent from January. This marks a 21.85 percent increase from the previous year but reflects the impact of the Chinese New Year holiday, according to data released by the company today. Despite these challenges, Li Auto remains optimistic. “Even with the impact of Chinese New Year and some trims of Li L series models sold out as we prepare for switching to new models, our average daily delivery in February (excluding the eight-day Chinese New Year holiday period) still increased significantly compared with that…

China’s Ministry of Transport has announced plans to install 3,000 new charging piles at freeway service areas this year, in response to the growing popularity of new energy vehicles (NEVs) in the country. Vice-Minister Wang Gang stated that the ministry is also encouraging the construction of ultra-fast, high-powered charging facilities at these service areas. See also: Huawei to Roll Out 100,000 Fast Charging Stations in China As of the end of last year, China had a total of 21,000 charging piles, with significant improvements made to the charging infrastructure network along the freeway system, Wang noted. He highlighted the increasing popularity…

BYD is actively seeking a site in Mexico to establish a plant aimed at expanding its presence in the local market, BYD Americas CEO Stella Li revealed to Reuters on February 28. The planned plant, with an annual capacity of 150,000 vehicles, is expected to be operational by the end of the year, according to Li. The company is currently evaluating locations in central and southern Mexico, opting against northern regions near the United States to avoid higher transportation costs. See also: BYD Rules Out Launching Passenger EVs in the US, Citing Market Complexity and Political Factors “Our plan is to…

Chinese electric vehicle (EV) maker XPeng and the Volkswagen Group announced on Thursday a significant development in their partnership. Following XPENG’s previous announcements regarding Volkswagen’s purchase of a 4.99% stake in XPENG and a framework agreement on strategic technical collaboration, the two companies have now entered into a Master Agreement on Platform and Software strategic technical collaboration. This Master Agreement marks a key milestone in the strategic partnership between XPeng and Volkswagen. The agreement is expected to accelerate the joint development of B-class battery electric vehicles (BEVs) and lay the foundation for deeper collaboration in the future. See also: Volkswagen’s Strategic…