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Onvo L60 success paves way for Nio brand revival, says Deutsche Bank

That’s because all upcoming Nio-branded products will come from NT 3.0 technology, which not only offers superior performance but also outstanding cost savings, Deutsche Bank said. (Onvo L60. Image credit: Onvo) Nio’s (NYSE: NIO) sub-brand Onvo launched its first model, the L60, at a competitive pricing, and in analysts’ eyes the SUV (sport utility vehicle) model is crucial for the electric…

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Nio Onvo launches L60 to take on Tesla Model Y, and wider competition

Nio Onvo has officially launched its first model, the L60, which is priced much lower than the Tesla Model Y, but brings more interior space and better features. (Image credit: Onvo) In a media communication last December, Nio (NYSE: NIO) founder, chairman and CEO William Li said the company was not in a hurry to launch the first model of its second brand in the face of stiff competition, but…

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Xpeng P7+ makes real-life debut, launch expected in Q4

Xpeng’s CEO drove a lightly camouflaged P7+ to the Apsara Conference held by Alibaba today. (Image credit: Xpeng) Xpeng (NYSE: XPEV) made the real-life debut of its new electric sedan, the P7+, which is expected to go on sale and begin deliveries in the fourth quarter. He Xiaopeng, chairman and CEO of the electric vehicle (EV) maker, drove a lightly camouflaged P7+ to the Apsara Conference held…

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China EV insurance registrations for week ending Sept 15: Nio 4,200, Tesla 15,600, Xiaomi 3,100, BYD 86,000

Li Auto had 12,600 insurance registrations last week, Xpeng 4,300, Zeekr 4,700, Leapmotor 7,900 and Aito 9,600. Major electric vehicle (EV) makers saw a mixed performance in insurance registrations in China last week. For the week of September 9-15, Nio (NYSE: NIO) vehicles saw 4,200 insurance registrations in China, down 6.67 percent from 4,500 the week before, according to data shared today by…

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Nio mulling takeover of Audi Brussels car plant, report says

Nio is one of the candidates considering taking over the Audi Brussels car plant in the city of Vorst in Brussels, which is at risk of being shut down, according to a Belgian media report. (File photo shows a production line at the Nio F1 factory in Hefei, Anhui province. Image credit: CnEVPost) Chinese electric vehicle (EV) maker Nio (NYSE: NIO) is one of the candidates considering a takeover of…

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Nio starts deliveries of new ES8 in Europe

Nio began deliveries of the new ES8 — known locally as the EL8 — in Europe, after launching the electric SUV there three months ago. (Nio began deliveries of the new ES8 – known locally as the EL8 – in Europe. Image credit: Nio) Nio (NYSE: NIO) has started deliveries of the new ES8 based on the NT 2.0 platform in Europe, after launching the electric SUV (sport utility vehicle) there three months…

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Great Wall Motor signs deal to assemble cars in Vietnam

Great Wall Motor has signed a deal with Vietnam’s TAG Group for a local CKD assembly partnership. (A Great Wall Motor Ora Good Cat on display at the June 2024 Shanghai new energy vehicle show. Image credit: CnEVPost) Great Wall Motor has signed a deal in Vietnam to assemble vehicles in the Southeast Asian country as it pushes ahead with localized production overseas. The Chinese automaker said on…

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BYD now holds 100% of Denza as Mercedes exits

BYD has bought the remaining 10 percent of Denza from Mercedes-Benz, after increasing its stake from 50 percent to 90 percent in 2022. (A Denza D9 MPV on display at the June 2024 Shanghai new energy vehicle show. Image credit: CnEVPost) BYD (HKG: 1211, OTCMKTS: BYDDY) has achieved full control of premium new energy vehicle (NEV) brand Denza, after increasing its stake in the joint venture with…

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Nio releases new charging scheme for battery swap service, to come into effect on Sept 24

The new scheme makes billing more dependent on the amount of power added, which may help promote the use of the battery swap service compared to the previous fixed service fee plus a power charge. (Image credit: Nio) Nio (NYSE: NIO) today released a new pricing plan for its battery swap service in China, marking the third major change to the service since it became available. For car owners who…

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BYD opens new flagship showroom in UAE, Yangwang U8 makes local debut

The Yangwang U8 made its debut in the UAE, where sales are expected to begin in 2025. (Image credit: BYD) BYD (HKG: 1211, OTCMKTS: BYDDY) has opened a new showroom in the United Arab Emirates and given a model from luxury brand Yangwang its local debut. The Chinese new energy vehicle (NEV) maker opened the new BYD flagship store, its second in the UAE, on September 12, together with partner…

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Xpeng Mona M03 capacity expanded twice in last 10 days, CEO says

The Mona M03 is on track to break the first-month delivery record for a new model from a new Chinese carmaker this month, Xpeng’s CEO said. (A video screenshot shows He Xiaopeng, Xpeng’s chairman and CEO, speaking at the delivery of the Mona M03 to some owners in Guangzhou.) The M03, the first model in Xpeng’s (NYSE: XPEV) Mona lineup, appears to be seeing continued order growth, forcing the…

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US 100% duty on Chinese EVs to take effect Sept 27, report says

The US government locked in sharp hikes in tariffs on Chinese imports on Friday, including a 100 percent tariff on EVs, according to Reuters. (A Buick E5 EV on display at the June 2024 Shanghai new energy vehicle show. Image credit: CnEVPost) The US government on Friday locked in significant tariff hikes on Chinese imports, including a 100 percent tariff on electric vehicles (EVs), according to a…

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Xpeng to mass produce 1st hybrid model in H2 2025, report says

Xpeng’s first EREV model is under development, internally codenamed G01, and will primarily target the RMB 200,000 ($28,190) plus price band, according to local media. (An Xpeng G9 on display at the June 2024 new energy vehicle show in Shanghai. Image credit: CnEVPost) Xpeng (NYSE: XPEV) is reportedly working on a hybrid model, leaving its local counterpart Nio (NYSE: NIO) as pretty much the only…

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BYD's workforce exceeds 900,000, with nearly 110,000 R&D personnel

BYD’s total workforce exceeded 900,000, the most of any of the more than 5,300 Chinese A-share listed companies and 400,000 more than the second-place company. (A BYD sedan on display at the Beijing auto show in April 2024. Image credit: CnEVPost) BYD (HKG: 1211, OTCMKTS: BYDDY), China’s biggest new energy vehicle (NEV) maker, also has the most employees. The total number of BYD employees topped…

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Li Auto sees 100,000th Li L6 roll off line

The Li L6 is Li Auto’s lowest-priced model, with monthly deliveries exceeding 20,000 units in each of the last three months. (A Li L6 on display at a CATL showroom in Chengdu, Sichuan province in August 2024. Image credit: CnEVPost) Li Auto (NASDAQ: LI) saw the 100,000th production car of the Li L6 roll off the line today, about five months after the model’s official launch. The new energy…

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Nio Onvo L60 review: Will it eat Tesla Model Y's lunch?

While we await Tesla to very gently update the Model Y, Nio has put everything it can into the Onvo L60, while keeping the price reasonable. This review is done by ChinaDriven, which creates content about Chinese EVs on YouTube & X. Some predict the EV price war in China is coming to an end, but I think it’s just morphed a little. Instead of straight price cuts, 2024 has been the year when more…

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BYD denies plans to launch motorcycles after rumors swirl

BYD is focusing on its main businesses and has no plans to launch motorcycles, an executive said, after some patent drawings sparked speculation. (A motorcycle patent drawing made public by a Chinese national enterprise database on September 10, 2024. The owner of the patent is BYD.) BYD (HKG: 1211, OTCMKTS: BYDDY) has denied it has plans to launch motorcycles, after some patent drawings sparked…