Phate Zhang
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Zeekr seeks to raise $368 million in US IPO at $5.13 billion valuation
Zeekr is seeking a valuation of up to $5.13 billion in a US IPO, about half of Nio's current market capitalization of $11.6 billion.
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BYD sells 313,245 NEVs in Apr, overseas sales hit record high
BYD sold 134,465 BEVs in April, down 3.89 percent from March, and 177,583 PHEVs, up 9.8 percent from March.
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Nio delivers 15,620 cars in Apr, growth outshines Li Auto and Xpeng
In January-April, Nio delivered 45,673 vehicles, up 21.15 percent year-on-year.
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Xpeng Apr deliveries up 4% from Mar to 9,393, new brand Mona to debut in Jun
Xpeng's X9 MPV delivered 1,959 units in April, bringing cumulative deliveries since launch to nearly 10,000 units.
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Li Auto delivers 25,787 cars in Apr, down 11% from Mar
Li Auto's deliveries slipped back down in April, after seeing a rebound in March.
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Xiaomi delivers 7,058 cars in Apr, locked-in orders reach 88,063 units
Xiaomi started the first delivery of SU7 on April 3. It is targeting monthly deliveries of over 10,000 units in June.
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China EV insurance registrations for week ending Apr 28: Nio 4,960, Tesla 14,860, BYD 63,300
Xpeng had 2,700 insurance registrations last week, Li Auto 7,060, Zeekr 5,000 and Xiaomi 1,670.
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Nio starts deliveries of 2024 ET7 sedan
Nio launched the 2024 ET7 on April 25, starting at the same price as its predecessor while bringing 180 upgrades.
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Nio starts rolling out NOP+ driver assist feature to all NT 2.0 cars
Nio vehicles on the NT 2.0 platform will be able to choose to turn on the NOP+ feature covering urban roads and highways in the settings after the in-vehicle system is upgraded to Banyan 2.6.0.
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Great Wall Motor delays target of 1 million annual overseas sales from 2025 to 2030
Great Wall Motor plans to achieve overseas sales of over 1 million units by 2030, with premium models accounting for more than 1/3 of the total, it said.
