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BYD outsells Toyota, Tesla to become top-selling carmaker in Singapore in 2024
BYD sold 6,191 cars in Singapore in 2024, higher than Toyota’s 5,736 and Tesla’s 2,384. BYD’s share of the Singapore car market was 14.39 percent in 2024. BYD (HKG: 1211, OTCMKTS: BYDDY) has become the top-selling carmaker in Singapore in 2024, ahead of auto giants including Toyota and Tesla (NASDAQ: TSLA). The Chinese new energy-vehicle (NEV) maker sold 6,191 vehicles in Singapore in 2024, the…
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Nio Onvo's 2nd model said to have completed trial production
The Onvo L80 has completed trial production and is about to enter the Tooling Trial phase, according to an image allegedly from Onvo. Earlier this month, an Onvo vice president said the brand’s second car, benchmarked against Li Auto’s Li L8 or Li L9, would be released in the second half of this year. (Onvo L60. Image credit: Onvo) The second model from Nio’s (NYSE: NIO) sub-brand Onvo,…
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Nio exec denies involvement in robot dog project
A Nio executive denied that the company is getting into robot dogs, after a story last night sparked widespread discussion. Tesla has released a humanoid robot, and several Chinese car companies, including Xpeng, have announced similar products. (Nio logo. Image credit: CnEVPost) A Nio (NYSE: NIO) executive has denied that he is involved in an artificial intelligence (AI) robot dog project,…
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Nio forms team to research AI robot dog project, report says
Nio has assembled a team of around 20 people to research an AI robot dog project, headed by a former Momenta algorithm expert, according to local media. Nio is now more cautious than before about this new field. (Nio logo. Image credit: CnEVPost) Nio (NYSE: NIO) has assembled a team of about 20 people to research an artificial intelligence (AI) robot dog project, local media 21jingji said in a…
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CATL previews net income growth of up to 20% to RMB 53 billion in 2024
CATL’s net income in the fourth quarter is expected to be a record RMB 17 billion, up 31.01 percent year-on-year and up 29.41 percent from the third quarter, CnEVPost calculations show. CATL’s (SHE: 300750) net income in 2024 is expected to be between RMB 49 billion ($6.7 billion) and RMB 53 billion, an increase of 11.06 percent to 20.12 percent from 2023, according to its earnings previews…
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Xiaomi CEO shares data showing SU7 outsold Tesla Model 3 in China in Dec
In the past nine months, the Xiaomi SU7’s monthly deliveries surpassed Model 3 deliveries in China four times, according to data compiled by CnEVPost. The Model 3 was fifth in retail sales in China in December with 21,046 units, while the Xiaomi SU7 was fourth with 25,815 units. In China’s SUV (sport utility vehicle) market, Tesla’s (NASDAQ: TSLA) Model Y is the most commonly benchmarked. In the…
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BYD Yangwang shows capabilities of U7's body control system with rooftop maze game
Yangwang demonstrated in a video that the U7 can complete a maze game on the roof of the car through the responsiveness of the DiSus-Z body control system. Yangwang began pre-sales of the U7 last November, with no official launch date set. (Screenshot: CnEVPost) Yangwang has showed off the U7’s impressive body control system capabilities as the sedan is set to become a new addition to the BYD…
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China EV insurance registrations by brand for week ending Jan 19: Nio 2,800, Tesla 10,000, Xiaomi 5,600, BYD 55,000
This article is being updated, please refresh later for more content. Li Auto had 9,500 insurance registrations last week, Xpeng 9,400, Zeekr 3,600, Leapmotor 7,000 and Aito 6,100. Insurance registrations for major electric vehicle (EV) makers remained weak last week, as the market enters the slow season with the Chinese New Year just around the corner. For the week of January 13-19, Nio (NYSE:…
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BYD exports 11,038 Shark pickups from China in 1st year of availability
BYD Shark exported 3,410 units in December, bringing full-year 2024 exports to 11,038 units. BYD launched the Shark in Mexico on May 14, 2024, and the pickup is already available in more markets including Brazil and Australia. (Image credit: BYD) The BYD (HKG: 1211, OTCMKTS: BYDDY) Shark pickup truck saw exports of more than 10,000 units in 2024 — the first year of its availability — marking a…
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BYD to complete Indonesia plant by year-end
The planned annual capacity of BYD’s Indonesia plant is 150,000 units, and the long-term plan is for the export market. With this investment, BYD was allowed to temporarily ship its cars to Indonesia free of import duties. (A new energy vehicle on display at the June 2024 Shanghai new energy vehicle show. Image credit: CnEVPost) BYD (HKG: 1211, OTCMKTS: BYDDY) aims to complete construction of…
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BYD Denza Z9GT, Fang Cheng Bao's Bao 8 both see cumulative deliveries reach 10,000 units
The Denza Z9GT had an average sales price of RMB 380,000 ($51,950), while the Fang Cheng Bao brand had an average sales price of RMB 332,000 in December. The Z9GT went on sale on September 20, 2024 and the Bao 8 on November 12, 2024. (Denza Z9GT. Image credit: Denza) Two sub-brands of BYD (HKG: 1211, OTCMKTS: BYDDY) announced delivery milestones today, as the company pushes ahead with its…
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Xpeng to open new headquarters building in Guangzhou in Aug, plans to expand offices in other cities
The new headquarters building will allow for a threefold increase in office space and a four-level underground garage. Xpeng will also begin expanding all of its offices in China, including offices in Beijing, Shanghai, Wuhan and Shenzhen. (An Xpeng G9 on display at the April 2024 Beijing auto show. Image credit: CnEVPost) Xpeng (NYSE: XPEV) will open a new headquarters building that will allow…
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BYD launches Sealion 07 electric SUV in India, deliveries to begin in Mar
The Sealion 07 has been rebranded as the Sealion 7 in India and is offered in a single-motor variant and a dual-motor variant. BYD also showcased the Sealion 6 in India — Song Plus DM-i in China, and the Yangwang U8. (Image credit: BYD) BYD (HKG: 1211, OTCMKTS: BYDDY) has launched the Sealion 07 in India, bringing the electric SUV (sport utility vehicle) to more markets. The Chinese new energy…
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Analysts raise '5 big conjectures for 2025', 'Xiaomi acquiring Nio' included
A Nio executive quoted the report’s authors as saying it was their internal sharing of their recognition of the Nio brand and the battery swap model. Other conjectures include X acquiring TikTok and Truth Social and re-listing. (Nio logo. Image credit: CnEVPost) Two months ago, rumors that BYD was buying Nio (NYSE: NIO) generated a lot of attention. Now, a new analyst speculation is sparking new…
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CPCA expects China Jan NEV retail at 720,000 units, down 44.7% from Dec
Overall passenger car retail sales are expected to be around 1.75 million units, down 33.6 percent from the previous month. The overall market is weak, as the new round of incentives have just been announced, and consumers were in a wait-and-see mood at the beginning of the month. China’s new energy vehicle (NEV) sales are expected to be significantly lower this month than the previous month,…
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Li Auto opens its 1st overseas R&D center in Germany
Li Auto opened an R&D center in Munich, Germany, which it said is the first step in its global R&D strategy. The German team will help Li Auto gain insights into the European market and build development and testing capabilities based on European automotive regulations. Li Auto (NASDAQ: LI) has opened its first overseas research and development center, setting its sights on the global market. On…
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BYD debuts Han L, Tang L as its new push in China's premium EV market
The Han L and Tang L are the new flagship models of BYD’s Dynasty lineup, targeting the premium segment with prices in the RMB 300,000 ($40,930) class. The exact prices of Han L and Tang L were not announced today and are expected to be known at a new event in March. (Screenshot of a live video stream of BYD.) BYD (HKG: 1211, OTCMKTS: BYDDY) gave the Han L sedan and Tang L SUV (sport utility…
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