BYD's Denza brand launches updated D9 MPV with lower starting price
The Denza D9 MPV continues to be offered in hybrid and pure electric versions, with starting prices lowered by RMB 10,000 and RMB 16,000, respectively.
Xpeng reportedly asks dealers to stock up on inventory as it begins to rely more on traditional sales model
Xpeng is asking dealers to purchase vehicles for half of their target sales each month, rather than requiring them to purchase the entirety of their target sales as traditional brands do, according to local media.
China's Feb NEV retail sales down 41% MoM to 401,000, preliminary CPCA data show
In February, China's retail sales of all passenger vehicles totaled 1.092 million units, down 21 percent year-on-year and down 47 percent from January.
BYD to buy back RMB 400 million of shares in China's A-share market
The number of shares BYD plans to buy back is about 0.05 percent of its total issued share capital and will be used for cancellation to reduce registered capital.
BYD starts construction of production complex in Brazil
BYD's Brazilian production base complex will start production in late 2024 to early 2025, with an expected annual capacity of 150,000 vehicles per year in the first phase.
Xiaomi expected to officially launch SU7 at end of Mar, report says
Xiaomi EV is expected to officially launch its first EV model, the SU7, at the end of this month, with deliveries set to begin soon after that, according to local media.
Global EV battery market share in Jan 2024: CATL 39.7%, BYD 14.4%
CATL's battery installations in January were 20.5 GWh, up 88.1 percent year-on-year, while BYD's were 7.4 GWh, up 34.4 percent year-on-year.
BYD refreshes its cheapest model Seagull, lowering prices further
BYD has launched an updated version of the Seagull, lowering the starting price to RMB 69,800, or about $9,700.
Nio to put 150-kWh semi-solid-state battery pack into service in Q2
This is the largest-capacity battery pack mass-produced in the Chinese passenger car market, and Nio models equipped with the pack have a range of up to 1,055 km, Nio said.
Nio Q4 earnings: Deutsche Bank's 1st look
Nio reported mixed fourth-quarter results while providing a better than feared first-quarter outlook, said Deutsche Bank.