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Xiaomi SU7 monthly production expected to reach 24,000 in Nov-Dec, report says

Monthly production of Xiaomi SU7 is expected to reach 24,000 units in November-December, with capacity utilization close to 200 percent, according to local media. (A Xiaomi SU7 on display at a CATL showroom in Chengdu, Sichuan province in August 2024. Image credit: CnEVPost) Capacity at Xiaomi’s (HKG: 1810, OTCMKTS: XIACY) electric vehicle (EV) plant is expected to grow further in the remaining…

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Xpeng says G6 cracks top 3 pure electric SUV sales in Singapore

Just a month after deliveries began, the G6 is already matching Tesla’s monthly deliveries in Singapore, Xpeng said. (Image credit: Xpeng) Xpeng (NYSE: XPEV) seems to be getting good reception in Singapore, after entering the market in late July. In September, the Xpeng G6 ranked among the top 3 sellers of all-electric SUVs (sport utility vehicles) in Singapore, the Chinese electric vehicle (EV)…

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Chinese autonomous driving startup DeepRoute secures $100 million in Series C1 funding

DeepRoute has secured $100 million in Series C1 funding from Great Wall Motor, after becoming a supplier of the automaker’s smart driving solutions in March. (Image credit: DeepRoute) Chinese autonomous driving startup DeepRoute has secured a $100 million Series C1 round of funding, adding capital ammunition for the development of high-level smart driving solutions. The company announced the…

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China EV insurance registrations for week ending Nov 3: Nio 4,400, Tesla 15,700, Xiaomi 3,100, BYD 96,300

This article is being updated, please refresh later for more content. Li Auto had 11,400 insurance registrations last week, Xpeng 5,400, Zeekr 5,800, Leapmotor 8,200 and Aito 8,400. Major electric vehicle (EV) makers continued to see mixed insurance registrations in China last week. For the week of October 28 to November 3, Nio (NYSE: NIO) branded vehicles saw 4,400 insurance registrations in…

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Tesla China sells 68,280 cars in Oct, down 22.69% from Sept

Tesla sold fewer China-made vehicles last month, ending a previous three-month streak of sequential gains. Tesla (NASDAQ: TSLA) sold fewer China-made vehicles last month, ending a three-month streak of sequential gains. Tesla China sold 68,280 vehicles in October, including those sold in China and exported from China to overseas markets, the lowest since April, according to data released today…

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Nio plans to launch 1st hybrid car in 2026, but will only sell in overseas markets, Reuters reports

This article is being updated, please refresh later for more content. Nio plans to launch its first hybrid model in 2026 and will sell it only to overseas markets such as the Middle East, North Africa and Europe, Reuters reported today. Nio (NYSE: NIO) plans to launch its first hybrid model in 2026 and will sell it only in overseas markets such as the Middle East, North Africa and Europe,…

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BYD boosts production capacity by nearly 200,000 units in Aug-Oct

BYD increased its production capacity by nearly 200,000 units in August-October and hired nearly 200,000 new people, with all production sites at full capacity, an executive said. BYD (HKG: 1211, OTCMKTS: BYDDY) has significantly boosted factory capacity over the past 3 months to support continued sales growth. In the August-October period, BYD increased capacity by nearly 200,000 units, He…

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BYD Denza enters Thai market, to launch D9 Premium-AWD

Denza said it has completed five showrooms in key areas of Thailand and will reach 10 sales outlets within the year. (Image credit: Denza) BYD’s (HKG: 1211, OTCMKTS: BYDDY) premium brand Denza has entered the Thai market, further expanding its international presence. The Chinese new energy vehicle (NEV) maker yesterday announced its official entry into Thailand, the fourth Asia-Pacific market…

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BYD sells record 502,657 NEVs in Oct, exceeding 500,000 mark for 1st time

This article is being updated, please refresh later for more content. So far this year, BYD has sold 3,250,532 NEVs, up 36.49 percent year-on-year. BYD sold 502,657 new energy-vehicles (NEVs) in October, surpassing the 500,000 mark for the first time, up 66.53 percent year-on-year and 19.84 percent from September. So far this year, BYD has sold 3,250,532 NEVs, up 36.49 percent year-on-year.

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Nio delivers 20,976 cars in Oct, largely flat from Sept

This article is being updated, please refresh later for more content. Nio delivered 20,976 vehicles in October, largely unchanged from September. It delivered 170,257 vehicles in January-October, up 35.05% year-on-year. The deliveries consisted of 16,657 vehicles from the Nio brand, and 4,319 vehicles from the company’s family-oriented smart electric vehicle brand Onvo. Cumulative deliveries…

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Xpeng delivers 23,917 cars in Oct, 2nd consecutive record month

Xpeng delivered 23,917 vehicles in October, a record high for the second consecutive month. In the January-October period, Xpeng delivered 122,478 vehicles, up 20.73 percent year-on-year. Below is its statement, as the CnEVPost article is being updated. XPeng Inc. (“XPENG” or the “Company,” NYSE: XPEV and HKEX: 9868), a leading Chinese smart electric vehicle (“Smart EV”) company, today announced…

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Nio president says Firefly models will remain purely electric, denies hybrid powertrain report

Nio president said the Firefly brand will be launched on Nio Day 2024, continuing the pure electric technology route. Nio (NYSE: NIO) co-founder and president Lihong Qin has denied that the company’s third brand, codenamed Firefly, will be launching a hybrid model, after a report earlier today sparked much discussion. The Firefly brand will be launched on Nio Day 2024 and will continue to follow…

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Nio Day 2024 to be held in Guangzhou on Dec 21

Prior to Nio Day 2024, Nio will celebrate its 10th anniversary on November 25, and the two events share a common theme: Together & Further. (Image credit: Nio) Nio (NYSE: NIO) announced the date and theme for the upcoming Nio Day, after confirming Guangzhou as the city to host its annual event in July. Nio Day 2024 will be held on December 21 at Guangzhou’s landmark Haixinsha, the Chinese…

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Nio Firefly to use hybrid powertrain, report says

This article is being updated, please refresh later for more content. Nio Firefly will use an extended-range hybrid powertrain and the product is expected to be launched in 2026, according to local media. Nio (NYSE: NIO) is laying out a hybrid powertrain for its third brand codenamed Firefly, which will use an extended-range hybrid powertrain, with the product expected to be launched in 2026,…

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Leapmotor delivers 38,177 cars in Oct, 5th consecutive record month

Leapmotor’s single-month order book for October exceeded 42,000 vehicles, also a record high, with more than 10,000 new orders for the C10, C11 and C16 models. Leapmotor (HKG: 9863), the Chinese new energy vehicle (NEV) maker backed by Stellantis NV (NYSE: STLA), achieved another record delivery last month, as orders stayed strong. Leapmotor delivered 38,177 vehicles in October, up 109.74…

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Li Auto reaches 1,000 supercharging stations but will face challenges in meeting year-end target

Li Auto put its 1,000th supercharging station into operation today, but will face challenges in reaching its goal of more than 2,000 by the end of the year. (Image credit: Li Auto) Li Auto (NASDAQ: LI) reached the milestone of having 1,000 charging stations in China, but will face a big challenge to reach its year-end goal. The carmaker’s 1,000th charging station went live today on Qomolangma —…

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Li Auto sees Q3 net income rise to year-to-date high as revenue hits record

This article is being updated, please refresh later for more content. Li Auto (NASDAQ: LI) saw record revenues in the third quarter, as well as a rebound in net income, as vehicle deliveries hit a record high. Below is its statement, as the CnEVPost article is being updated. Financial Results for the Third Quarter of 2024 Revenues Total revenues were RMB42.9 billion (US$6.1 billion) in the third…