Phate Zhang
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BYD chairman expects China's NEV penetration to exceed 50% within next 3 months
BYD's chairman predicted a month ago that China's monthly NEV penetration rate would exceed 50 percent within this year, and now he expects that figure to be seen within the next three months.
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Nio launches new 75-kWh battery pack using only LFP cells, expected to further reduce costs
The new 75-kWh battery pack will not use both LFP cells and ternary cells like its predecessor and will begin deliveries soon with the 2024 models.
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Xpeng to launch new brand within 1 month, targeting lower-priced market
Xpeng will launch a new brand in the next month, targeting markets priced between RMB 100,000 and RMB 150,000, the company's CEO said.
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CATL's net profit up 24.5% in Q4 over Q3, overseas operations contribute more to 2023 revenue
CATL has 32.67 percent of its revenue coming from overseas in 2023, up from 23.41 percent in 2022, as it begins deliveries to foreign customers.
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Li Auto offers limited-time charging perks to increase Li Mega's appeal
Between March 16 and April 15, Li Mega owners who use Li Auto's supercharging stations to charge their vehicles will be rewarded with credits equal to the amount they pay per charge.
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SAIC abandoning EV unit Rising Auto, report says
Employees at Rising Auto are expected to be laid off by more than 70 percent, while the remaining employees are likely to get a pay cut, according to local media.
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Nio to officially launch Onvo brand in May, explains meaning of name
Nio confirmed the Onvo name and said the brand's official launch is expected in early-mid May.
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Nio revamps BaaS, a key car-buying option for reducing initial costs, amid fierce price war
Nio has dramatically restructured its BaaS battery rental option in an attempt to make its cars more attractive in the face of fierce price competition, though emphasizing that it's not a response to the ongoing price war.
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Nio signs deal with CATL to jointly develop long-life batteries
CATL will also plan and develop battery systems of longer service lives for Nio's upcoming models.
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From empty land to parked cars: Satellite images show how fast Xiaomi's EV plant was built
The Xiaomi EV factory, which started construction in April 2022, has seen an increasing number of vehicles parked in the parking lot in the last ten days.
