China sells 1.2 million NEVs in Dec, nears 10 million for full year 2023, CAAM data show
China's total vehicle sales in 2023 stood at 30,094,000 units, the first time it has surpassed the 30 million mark, with NEVs contributing 31.6 percent.
BYD's 1st car carrier goes into service
The vessel, named BYD Explorer No.1, was chartered to BYD by the ship owner and will sail to Europe after loading vehicles.
Leapmotor begins C10 pre-sales in China, starting at $21,170
The Leapmotor C10 is available in both EREV and BEV versions, with pre-sale prices roughly half that of Li Auto's Li L7 EREV.
Automakers' NEV market share in China in 2023: BYD 35%, Tesla 7.8%, Nio 2.1%
BYD ranks No. 1, Tesla No. 2, and Nio No. 9 in terms of NEV market share in China in 2023.
Xiaomi EV rules out EREV models in coming years
"There is no SU5 at the moment, and no EREVs in the coming years," Xiaomi EV said.
BYD Yangwang reveals 1st sedan U7, to be priced around RMB 1 million
Yangwang U7 will have more than 1,000 horsepower and will push the limits of sedan performance, Yangwang said.
Tesla Dec sales in China: Model 3 at 15,750, Model Y at 60,055
For the full year 2023, Model Y retail sales in China were up 44.74 percent year-on-year to 456,394 units, while Model 3 sales were up 18.33 percent year-on-year to 147,270 units.
Nio Dec deliveries breakdown: ES6 at 6,943, ET5 Touring at 3,331
Except for the flagship SUV ES8, all other Nio models saw deliveries increase in December compared to November.
BofA downgrades rating on Nio to Neutral from Buy
Nio has no new models in the first three quarters of 2024, sales growth is likely to be low, and it may need to offer price discounts for its existing models amid stiff competition, BofA said.
Zeekr rolls out 2024 Zeekr X, 9 months after initial launch
The 2024 Zeekr X eliminates the previous, lower-priced entry-level version and retains the other two versions, but at reduced prices.
