CnEVPost Newsletter: New EV models unveiled or hit market
BYD Yangwang reveals 1st sedan U7, to be priced around RMB 1 million
Yangwang U7 will have more than 1,000 horsepower and will push the limits of sedan performance, Yangwang said.
Zeekr rolls out 2024 Zeekr X, 9 months after initial launch
The 2024 Zeekr X eliminates the previous, lower-priced entry-level version and retains the other two versions, but at reduced prices.
Leapmotor begins C10 pre-sales in China, starting at $21,170
The Leapmotor C10 is available in both EREV and BEV versions, with pre-sale prices roughly half that of Li Auto's Li L7 EREV.
BofA downgrades rating on Nio to Neutral from Buy
Nio has no new models in the first three quarters of 2024, sales growth is likely to be low, and it may need to offer price discounts for its existing models amid stiff competition, BofA said.
Nio Dec deliveries breakdown: ES6 at 6,943, ET5 Touring at 3,331
Except for the flagship SUV ES8, all other Nio models saw deliveries increase in December compared to November.
Full text: Nio CEO William Li's 1st letter to employees in 2024
In the letter, Li laid out his views on the competition in the EV industry in 2024, as well as Nio's priorities.
Automakers' NEV market share in China in 2023: BYD 35%, Tesla 7.8%, Nio 2.1%
BYD ranks No. 1, Tesla No. 2, and Nio No. 9 in terms of NEV market share in China in 2023.
Tesla Dec sales in China: Model 3 at 15,750, Model Y at 60,055
For the full year 2023, Model Y retail sales in China were up 44.74 percent year-on-year to 456,394 units, while Model 3 sales were up 18.33 percent year-on-year to 147,270 units.
Xiaomi EV rules out EREV models in coming years
"There is no SU5 at the moment, and no EREVs in the coming years," Xiaomi EV said.
U Power said its UP Super Board can cut development time by at least six months, ultimately reducing the cost and time to market of EV products.
DeepRoute and Tencent have partnered in the mapping space to create smart driving cars that don't come with HD maps.