electric vehicle Tag

02 Apr Chinese smartphone giant Xiaomi sees robust demand for first EV, even as buyers face delivery wait times of more than 5 months

Posted at 12:30h in Asia

Chinese smartphone giant Xiaomi is seeing continued strong demand for its first electric vehicle (EV) – the SU7, short for Speed Ultra 7 – even as potential buyers face delivery wait times of more than five months, the South China Morning Post has learned.Buyers of...

Read More

01 Apr Chinese carmakers Li Auto, Nio, Xpeng and BYD report March sales rebound, but ‘difficulties are looming’ as competition intensifies in world’s largest EV market

Posted at 12:30h in Asia

Li Auto, Nio and Xpeng, China’s top three premium electric-vehicle (EV) manufacturers, have reported a strong rebound in deliveries in March, after their promotional activities attracted thousands of buyers. BYD, the world’s largest EV maker, said the sales of its pure electric and plug-in hybrids...

Read More

30 Mar Huawei says partner Chery Automobile’s Luxeed S7 premium EV starts mass delivery

Posted at 09:25h in Asia

“A large number of Luxeed S7 vehicles have already rolled off the production line and are now being transported for delivery to customers,” said Richard Yu Chengdong, chairman of Huawei’s intelligent automotive solution business unit, in a post on Chinese microblogging platform Weibo.Huawei had said...

Read More

28 Mar Xiaomi surprises with lower-than-expected pricing on new EVs, in new challenge to Tesla

Posted at 14:25h in Asia

Chinese smartphone giant Xiaomi on Thursday launched its much-awaited first electric vehicle (EV) – the SU7, short for Speed Ultra – at a venue in Beijing close to its car manufacturing facility, pricing the standard model at 215,900 yuan (US$29,867) to take on Tesla’s Model...

Read More

26 Mar BYD’s annual earnings surge 81% to all-time high on record EV deliveries, warns of weak consumer demand and global headwinds

Posted at 14:15h in Asia

The Shenzhen-based carmaker, which counts Warren Buffett’s Berkshire Hathaway among its shareholders, said revenue climbed 42 per cent to 602.3 billion yuan in 2023 following record deliveries of new energy vehicles (NEVs). These include pure battery-run EVs, plug-in hybrids and fuel-cell vehicles.Apple’s Tim Cook and...

Read More

19 Mar Xpeng founder He Xiaopeng bullish after Chinese EV maker reports higher quarterly revenue, narrower loss in line with forecast

Posted at 13:15h in Asia

“Since the first quarter of this year, there has been an industry-wide price war, which has been growing increasingly fierce,” He Xiaopeng, chairman and CEO, said during a company conference call on Tuesday. “Several EV start-ups have been forced to wind down their operations and...

Read More

13 Mar China EV war: BYD prices a fifth car below 100,000 yuan threshold as it takes offensive in market-share battle

Posted at 05:30h in Asia

“BYD appears to be extremely aggressive in driving a transition from petrol cars to EVs in the country’s automotive industry,” said Eric Han, a ­senior manager at Suolei, an advisory firm in Shanghai. “The cheap models will also draw middle-income consumers who have become price...

Read More

05 Mar Nio reports wider loss, forecasts sharp fall in deliveries as price war in China’s EV sector escalates

Posted at 13:00h in Asia

The Shanghai-based carmaker expects to hand over 31,000 to 33,000 EVs to mainland Chinese customers between January and March, down 34.1 to 38.1 per cent from the fourth quarter of 2023.Nio published its delivery guidance on Tuesday after it reported a net loss of 5.37...

Read More

26 Feb Li Auto forecasts first-quarter sales drop as competition sharpens in Chinese EV market, reports record profit

Posted at 12:45h in Asia

Li Auto, mainland China’s nearest rival to Tesla, has forecast lacklustre sales for the first quarter of this year, adding to evidence that the world’s largest electric-vehicle (EV) market is grappling with a slowdown.The Beijing-based carmaker said on Monday that it could deliver between 100,000...

Read More

21 Feb Electric vehicles: Chinese robot chargers start-up GGSN eyes investors, international expansion via new Hong Kong facilities

Posted at 06:08h in Asia

Deng is one of the key contributors to the drafting of China’s industry standards for EV battery charging.“We pay a lot of attention to the Hong Kong market, which can be a platform for developing overseas markets,” he said in an interview. 02:05Chinese smart-battery swap stations...

Read More