CnEVPost Newsletter: BYD earnings; Nio's new partnership
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CnEVPost Newsletter: BYD earnings; Nio's new partnership
BYD posts record Q3 net profit, gross margin hits 2-year high
BYD reported a record net profit of RMB 10.41 billion in the third quarter, up 52.59 percent from the second quarter. Gross margin for the third quarter was 22.12 percent, a record high since the third quarter of 2020.
BYD's Fang Cheng Bao brand starts trial operations of 1st 70 directly-managed stores
Fang Cheng Bao started the pre-sale of its first model, the Bao 5, in August, with a pre-sale price range of RMB 300,000 - RMB 400,000.
Nio and auto parts supplier Baolong sign cooperation deal
At the current stage, Baolong and Nio will cooperate on products including air springs, wheel speed sensors, and optical rain sensors.
Zeekr shows off tech muscle with launch of Zeekr 001 FR electric supercar
The Zeekr 001 FR starts at RMB 769,000, lower than Zeekr's previous hint of over RMB 1 million, and the model is limited to 99 units per month.
Baidu-backed Jiyue officially launches its debut EV model to take on Tesla Model Y
The Jiyue 01 is larger and less expensive than the Tesla Model Y, while leveraging Baidu's capabilities on cockpit intelligence as well as smart driving to provide additional appeal.
Neta ships EVs to Turkey; to start selling multiple models in UAE in 2024
Neta aims to transform itself into a global high-tech technology company and reach one million sales in global markets by 2026.
BMW recalls 41,446 units of 5 Series plug-in hybrids in China over battery issue
The vehicles' high-voltage batteries have a dual-battery cell module design that risks causing thermal runaway.
The first phase of CATL's Guizhou production base has been put into operation with an annual capacity of 30 GWh, capable of producing a cell in 1 second and a pack in 2.5 minutes.