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Huawei, SAIC's 1st joint model to start at around $20,000, report says

All models from Shangjie, the new brand created by Huawei and SAIC, will be sold in HIMA’s channels, according to the local media. The new brand’s first model will be the cheapest under the HIMA umbrella. (A model from SAIC sub-brand Rising Auto on display at the April 2024 Beijing auto show. Image credit: CnEVPost) The first model to be built by Chinese tech giant Huawei in partnership with…

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Spy shots reveal new SUV suspected to be Nio Onvo L80

The Onvo L80 is said to be possibly Nio Inc’s largest model in the short term. Onvo’s second car, which is benchmarked against Li Auto’s Li L8 or Li L9, would be released later this year, an executive previously said. (Image credit: @莱特宁NEV on Xchuxing) Onvo’s next model, the L80 SUV (sport utility vehicle), is starting to get more buzz as the Nio (NYSE: NIO) sub-brand adds to its product matrix…

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BYD expects to begin 'demonstration use' of all-solid-state batteries by 2027, exec says

Large-scale adoption of all-solid-state batteries may not happen until after 2030, BYD’s battery business CTO said. After a certain level of scale of use, the cost of solid-state ternary batteries will theoretically reach a level comparable to liquid ternary batteries, he said. (A BYD Seal on display at the June 2024 Shanghai new energy vehicle show. Image credit: CnEVPost) BYD (HKG: 1211,…

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Nio CEO peps up morale of smart driving team as competition intensifies

Li said there will be no large-scale layoffs in the smart driving team, but some projects will be canceled, according to local media. Nio’s smart driving team currently has more than 1,000 people, mainly in Beijing and Shanghai. (A Nio ET5 on display at the June 2024 new energy vehicle show in Shanghai. Image credit: CnEVPost) Nio (NYSE: NIO) founder, chairman, and CEO William Li tried to boost…

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Zeekr closes deal to integrate Lynk & Co, CEO unveils 2025 product plans

The Zeekr brand will launch three new models in 2025 and the Lynk & Co brand will roll out two new models. In 2025, the entire Zeekr company is targeting 40 percent growth with 710,000 vehicles sold for the year. Zeekr (NYSE: ZK) completed transactions to integrate Lynk & Co, and its CEO unveiled product plans for this year that paves the way for combining the resources of both brands to create…

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BYD holds lithium mining rights in Brazil, report says

BYD acquired mining rights to two plots of land in a lithium-rich part of Brazil in 2023, Reuters reported. BYD’s mineral rights are located in the Jequitinhonha Valley, known as Brazil’s lithium valley. (BYD logo. Image credit: CnEVPost) BYD (HKG: 1211, OTCMKTS: BYDDY) has acquired mining rights for two plots of land in a lithium-rich part of Brazil in 2023, entering the mining business in its…

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Great Wall Motor plugs into Nio's charging network

 Great Wall Motor is the 17th brand to have a charging service partnership with Nio. Nio currently has 2,665 supercharging stations in China offering 12,334 chargers and 1,688 destination charging stations offering 13,133 chargers. (Image credit: Nio) Great Wall Motor (SHA: 601633) has plugged into Nio’s (NYSE: NIO) charging network, marking the latest automaker to connect to one of China’s…

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Xpeng says its orders in 1st week after Chinese Spring Festival 7.6 times 2024's same period

In the first week after the Chinese Spring Festival, Xpeng’s order intake broke the industry norm that February is usually a low point for sales, Xpeng said. The strong orders came mainly from the P7+ and Mona M03, both new models that have been on the market for just a few months. (Xpeng P7+. Image credit: Xpeng) Xpeng (NYSE: XPEV) saw strong sales during a slow start to the year in the Chinese…

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Nio develops new aluminum alloy material and uses it in ET9 and Onvo L60

The alloy technology will be open to the entire industry to drive the adoption of high-pressure casting technology with better performance and cost-effectiveness, Nio said. It is the first self-hardening aluminum alloy for structural large castings developed by a Chinese automotive brand, breaking the monopoly of C611. (Image credit: Nio) Nio (NYSE: NIO) announced the development of a new…

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Zeekr enters Egypt as it expands into African auto market

Zeekr launched the Zeekr 001 shooting brake and the Zeekr X compact SUV in Egypt. Egypt is the second largest EV market in Africa and is Zeekr’s first stop in Africa. (Image credit: Zeekr) Zeekr (NYSE: ZK) has entered the Egyptian automotive market, launching two models there as the Chinese electric vehicle (EV) maker continues to push ahead with its efforts to expand internationally. The…

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Li Auto starts mass production of in-house developed SiC modules for more BEV launches

Li Auto’s in-house developed SiC power modules and next-generation electric drive assemblies have begun to roll off the production line for use in new BEV models. These in-house developed products are expected to deliver more efficient energy performance, and stronger power output. (A video screenshot shows the electric drive system equipped with Li Auto’s own SiC chips.) Li Auto (NASDAQ: LI)��

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Huawei HIMA to hold tech event on Maextro brand on Feb 20

Maextro’s first model, the Maextro S800, began pre-sales in November 2024 and is expected to be priced between RMB 1 million ($137,000) and RMB 1.5 million. The Maextro S800 is expected to be available in BEV and EREV variants, as well as 4- and 5-seat versions. (Maextro S800. Image credit: Huawei HIMA) Huawei’s HIMA (Harmony Intelligent Mobility Alliance) business will hold a technology event…

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Automakers' share of China NEV market in Jan: BYD tops with 26.9%, Tesla 6th with 4.5%

BYD’s January share of China’s NEV market was lower than its December 2024 share of 31.0 percent. In the overall passenger car market, which includes conventional internal combustion engine vehicles, Geely ranked first with a 13.4 percent share, ahead of BYD’s 11.2 percent. Major automakers saw mixed new energy vehicle (NEV) sales performance in January, causing a big shift in market share. BYD…

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Xpeng to launch Max variant of Mona M03 in May with better smart driving capabilities

The Mona M03 Max will feature the industry’s top autonomous driving technology, Xpeng CEO said. Xpeng will build a $20,000 top-of-the-line smart driving product, he said. (Xpeng Mona M03. Image credit: Xpeng) Xpeng (NYSE: XPEV) will launch the Max variant of the Mona M03 with enhanced smart driving capabilities three months from now, after the electric sedan sees initial success. The electric…

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BYD back in RMB trillion club, up over 25% in 6 trading days

BYD has accumulated a 25.7 percent rise to a new high since July 2022 in the past six trading days. Another automotive industry chain player in the RMB trillion club is CATL with a market cap of RMB 1.12 trillion. Shares of BYD (SHE: 002594) have seen a good start in the Year of the Snake in the Chinese lunar calendar, accumulating gains of more than 25 percent in several trading sessions to…

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Li Auto Jan deliveries breakdown: Li L6 13,990, Li L7 6,493

The Li L6, Li Auto’s least expensive, contributed 46.75 percent of January deliveries. The Li Mega, Li Auto’s highest priced model, delivered 807 units in January. Li Auto (NASDAQ: LI) reported January deliveries of 29,927 vehicles on February 1, without mentioning specific numbers for different models. Now, local automotive media Yiche has shared data from the China Passenger Car Association…

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Nio Jan deliveries breakdown: ES6 2,676, ET5 Touring 1,959

The ES6 contributed 19.30 percent of Nio Inc’s deliveries in January, while the ET5 Touring contributed 14.13 percent. The Onvo L60 contributed 42.65 percent of Nio Inc’s deliveries in January. Nio (NYSE: NIO) on February 1 reported January deliveries of 13,863 vehicles, including 7,951 under the Nio main brand and 5,912 under the Onvo sub-brand. It did not release the breakdown figures for…