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BYD launches Han L sedan, Tang L SUV with ultra-fast charging

Both the Han L and Tang L’s prices are lower than the pre-sales prices, and they can both get up to 400 km of range on a five-minute charge. Both models are available in pure electric and hybrid variants. (Image credit: BYD) BYD (HKG: 1211, OTCMKTS: BYDDY) has officially launched the Han L sedan and Tang L SUV (sport utility vehicle), bringing with them ultra-fast charging technology. The…

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Tesla sells 74,127 cars in China in Mar, exports 4,701 from Shanghai plant

Tesla sold 74,127 vehicles in China’s domestic market in March, up 18.80 percent year-on-year and up 176.83 percent from February. In the first quarter, Tesla’s retail sales in China were 134,607 units, up 1.65 percent year-on-year. Tesla (NASDAQ: TSLA) saw a significant rebound in retail sales in China last month, as the slow season at the start of the year fades away. Tesla China sold 78,828…

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Nio signs new deal to add 50 swap stations in East China's Shandong province

This is the third partnership Nio has announced in the past month with a state-owned company to build battery swap stations. Nio has finalized similar partnerships in 15 provinces, and the number is growing. (Image credit: Nio) Nio Power, the power unit of Nio (NYSE: NIO), signed a new agreement to build a new batch of battery swap stations with a partner. Nio Power and Jining Hi-Tech Holding…

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JD.com billionaire founder places order for Nio ET9

JD.com founder Richard Liu has ordered an ET9, as Nio’s William Li continues to pitch the executive sedan to entrepreneurs. Deliveries of the ET9 began late last month, with the first owner being the chairman of home appliance giant Midea Group. (Nio ET9. Image credit: Nio) Richard Liu, the billionaire founder of Chinese e-commerce giant JD.com, has ordered an ET9 as Nio (NYSE: NIO) tries to…

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Li Auto reportedly enters Philippines, expanding into Southeast Asia

In the Philippines, Li Auto is currently previewing two SUV models, the Li L7 and Li L9. The Philippines is Li Auto’s first market in Southeast Asia. (A Li L7 is displayed at a CATL showroom in Chengdu, Sichuan, in August 2024. Image credit: CnEVPost) Li Auto (NASDAQ: LI), one of China’s major extended-range electric vehicle (EREV) makers, has reportedly entered the Philippine market, its first…

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China EV insurance registrations for week ending Apr 6: Nio 1,800, Onvo 700, Xiaomi 5,100, BYD 45,000

Nio Inc had 2,500 insurance registrations last week, down 43.18 percent from 4,400 the week before. BYD had 45,000 insurance registrations last week, down 25.50 percent from 60,400 the week before. A new reliable source shared last week’s vehicle registration figures for China’s major electric vehicle (EV) makers, after Li Auto (NASDAQ: LI) stopped doing so. For the week of March 31 to April 6 —…

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Xpeng begins pre-sales of updated X9 MPV with upgraded features, higher price

The 2025 X9 has a pre-sales starting price of RMB 399,800 ($54,500), up 11.12 percent from its predecessor. The model is set to be officially launched next week, and show cars are already available at more than 500 stores. (2025 Xpeng X9. Image credit: Xpeng) Xpeng (NYSE: XPEV) today unveiled the 2025 X9 MPV (multi-purpose vehicle) and began its pre-sales, bringing upgraded features but a higher…

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BYD previews Q1 net income to rise as much as 118.88% year-on-year

This article is being updated, please refresh later for more content. BYD said it expects net income in the first quarter to be between RMB 8.5 billion and RMB 10 billion, an increase of 86.04 percent to 118.88 percent year-on-year. BYD (HKG: 1211, OTCMKTS: BYDDY) previewed solid first-quarter results, though not as strong as the fourth quarter of 2024. The new energy vehicle (NEV) maker expects…

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Analysts see limited impact of US tariffs on Chinese automakers

In 2024, about 116,000 vehicles were exported from China to the US and were dominated by US-branded models, analysts said. For Chinese car companies operating in Mexico, the Latin American market is their focus. (A Chery model displayed at the Shanghai new energy vehicle show in June 2024. Image credit: CnEVPost) Analysts and industry watchers believe US President Donald Trump’s new tariff…

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CATL in talks to buy controlling stake in Nio Power, report says

This article is being updated, please refresh later for more content. CATL made the offer after announcing an investment of up to RMB 2.5 billion yuan in Nio Power in March, according to Reuters. Chinese battery giant CATL (SHE: 300750) is in talks to buy a controlling stake in Nio Power, the power unit of Nio (NYSE: NIO), Reuters said in a report today, citing four people familiar with the…

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BYD enters Switzerland as it continues European expansion

The first BYD models available in Switzerland include two BEVs and a PHEV. By the end of this year, BYD will have 15 sales points in Switzerland. (Image credit: BYD) BYD (HKG: 1211, OTCMKTS: BYDDY) has officially entered the Swiss passenger car market, as the Chinese new energy vehicle (NEV) maker continues its expansion in Europe. The company held a brand launch event in Switzerland from April…

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HK EV stocks plunge as global trade war escalates

As of press time, BYD was down 11.15 percent, Nio 11.30 percent, Xpeng 11.40 percent and Li Auto 10.82 percent. Trump announced worse-than-expected reciprocal tariffs, and China swiftly responded. Electric vehicle (EV) stocks traded in Hong Kong were hit hard by US President Donald Trump’s new tariff measures, which triggered a selloff in global markets. BYD (HKG: 1211, OTCMKTS: BYDDY), Nio…

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Xpeng to debut facelifted X9 MPV on Apr 8

The X9 MPV is Xpeng’s highest-priced model, and the 2025 update will bring comfort improvements. The X9 delivered 21,653 units in 2024, contributing 11.39 percent of Xpeng’s annual deliveries. (File photo shows an Xpeng X9. Image credit: CnEVPost) Xpeng (NYSE: XPEV) will debut the 2025 X9 MPV (multi-purpose vehicle) tomorrow, updating its highest-priced model. The Chinese electric vehicle (EV)…

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Xpeng inks distributor deal to enter Bahrain

Xpeng will launch the G6 SUV, G9 SUV, and X9 MPV in Bahrain in the second half of this year. It plans to complete full coverage of the six Gulf countries of the UAE, Qatar, Saudi Arabia, Kuwait, Oman, and Bahrain in 2025. (Image credit: Xpeng) Xpeng (NYSE: XPEV) has inked a distributor deal to enter the Bahraini auto market, as the Chinese electric vehicle (EV) maker aims to double its…

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BYD plans to double its sales network in South Korea to 30 this year

BYD will increase its sales network in South Korea from 15 to 30 by the end of this year. BYD introduced its Seal midsize sedan at a South Korean auto show. (File photo shows a BYD Seal. Image credit: CnEVPost) BYD (HKG: 1211, OTCMKTS: BYDDY) plans to up its bet on the South Korean market after officially entering the market, which is dominated by local brands including Hyundai, earlier this…

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BYD to overtake Tesla as global BEV leader for 1st time in 2025, says Counterpoint

Counterpoint highlighted BYD’s technology leadership, vertically integrated production model, and the fact that Tesla is facing multiple challenges. BYD’s passenger BEV sales have outpaced Tesla’s for two consecutive quarters. Market researcher Counterpoint Research predicted last July that BYD (HKG: 1211, OTCMKTS: BYDDY) would overtake Tesla (NASDAQ: TSLA) for the first time in 2024 to become…

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BYD Xi'an, BYD's newest car carrier, launched

BYD Xi’an, BYD’s sixth car carrier, was officially launched on April 2. BYD Shenzhen, which can carry 9,200 cars, will soon make its maiden voyage. (Image credit: BYD) BYD (HKG: 1211, OTCMKTS: BYDDY) has expanded its fleet of car carriers to include six vessels as the Chinese new energy vehicle (NEV) maker continues to step up its efforts to expand in international markets. The BYD Xi’an car…