CnEVPost Newsletter: Tesla's reported upcoming price hike; Xiaomi CEO on SU7 pricing pressure
Tesla to raise Model Y price in China on Apr 1, report says
With the purchase discounts offered by Tesla expiring at the end of the month, the upcoming price hike means that the actual cost of purchasing a Model Y will go up by as much as RMB 23,000, according to local media.
Xiaomi CEO calls Tesla's reported upcoming price hike brave move, admits pricing pressure on SU7
The standard version of Xiaomi's SU7 has specs that far exceed those of the Model 3 and has a very high initial sourcing cost, said Lei Jun.
Xiaomi has finalized SU7 pricing, significantly lower from last year's expectations, report says
Xiaomi has finalized the pricing of the SU7, which has been lowered by RMB 30,000 to RMB 50,000 compared to last year's expectations, according to local media.
BYD chairman Wang Chuanfu meets Apple CEO Tim Cook in Shanghai
BYD chairman and president Wang Chuanfu met with Apple's CEO Tim Cook, who is visiting Shanghai, at Apple's China headquarters today, according to local media.
BYD to begin producing EVs in Indonesia in 2026, local official says
BYD plans to hold a groundbreaking ceremony for a factory in Indonesia this July, a senior local official said.
Zeekr aims to be profitable in 2024
Zeekr is targeting sales of 230,000 units in 2024 and will launch three new models to cover a wider market.
Polestar plugs into Tesla's charging network in China
Polestar vehicles can charge at up to 120 kW at Tesla Supercharger stations, according to the EV maker.
GAC's EV unit Hycan reportedly asks all employees to sell cars as sales remain weak
Hycan, previously known as GAC Nio, has sold fewer than 20,000 vehicles annually for the past two years.
China's NEV retail at 335,000 in Mar 1-17, up 115% from same period last month
China's NEV retail penetration rebounded to 48.0 percent in the March 1-17 period.