Month: May 2023
The Zeekr 009 MPV from Geely will soon get the version with four seats. Its luxuriousness will be enhanced.
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Dongfeng Honda has sent a shipment of hybrid Honda CR-Vs and all-electric e:NS1s from Shanghai to Europe, with the vehicles expected to arrive at a Belgian port in late June.
(Image credit: Dongfeng Honda)
Japanese auto giant Honda's joint venture with Dongfeng Motor in China has started exporting cars, which is expected to allow China to see further growth in auto exports.
Dongfeng Honda began shipping a shipment of new energy vehicles (NEVs) from Shanghai to Europe on May 15, opening a new chapter in the joint venture's overseas endeavors, it said on May 21.
The vehicles are the hybrid Honda CR-V as well as the all-electric e:NS1, and they will be shipped to several European countries, according to a press release from Dongfeng Honda.
They include 300 CR-V plug-in hybrids, which are expected to arrive at the Belgian port of Zeebrugge in late June, after which they will be shipped to about two dozen countries, including the UK, Ireland, Iceland, Greece and Portugal, Dongfeng Honda said, without disclosing the number of e:NS1s.
Honda held a launch event for the company's electrification efforts in China on October 13, 2021, to officially unveil its pure electric vehicle brand e:N, where the "e" stands for Energize and Electric and the "N" refers to New and Next.
The brand's two production models, Dongfeng Honda's e:NS1 and GAC Honda's e:NP1, made their debut in China at that time.
Dongfeng Honda made the e:NS1 officially available in China on April 27, 2022, when it was priced at RMB 175,000 ($24,800) to RMB 218,000.
Dongfeng Honda began exporting vehicles from China at a time when Chinese auto exports have been growing rapidly over the past two years.
In March, 387,000 vehicles were exported from China, up 88.78 percent year-on-year and 19.44 percent from February, according to the China Passenger Car Association (CPCA).
($1 = RMB 7.0548)
CATL signs deal with Honda to supply batteries that can power 2 million EVs
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"We need to think strategically with a long-term mindset and use that to guide our short-term actions," Li said.
(Image credit: NIO Capital)
NIO Capital recently held its annual investor conference in Hefei, Anhui province, where its managing partner William Li spoke and highlighted the choices NIO (NYSE: NIO), of which he is a founder, is making in times of uncertainty.
Li is not only at the helm of NIO Capital, a venture capital firm with a US dollar fund as well as a RMB fund, but is also the founder, chairman and CEO of NIO.
The conference was the first time in three years that NIO Capital brought together investors from its RMB and US dollar funds, and in addition to presentations and roundtable conversations, attendees toured NIO's manufacturing facilities, according to a press release today.
Li gave a keynote speech at the conference, sharing his views on the development of NEVs (NEVs) and corporate strategy, according to the release, which included a photo showing Li highlighting NIO's choice in times of uncertainty.
Last year was a landmark year for the global NEV industry, as global sales of NEVs exceeded 10 million for the first time, with China contributing close to 70 percent of the sales, according to Li.
Even during the Covid epidemic, China's NEV sales performance was still surprising, showing that the NEV industry has fully transitioned from being policy-driven to being product-driven and market-driven, which is a historic watershed, Li said.
Nonetheless, the future remains challenging, and increased uncertainty is a trend that almost everyone agrees on, he said.
"In today's world, we must learn to think about how to grow, how to manage risk, and how to take advantage of opportunities in a more volatile and uncertain world," Li said.
"We need to think strategically with a long-term mindset and use that to guide our short-term actions. We need to be more aggressive in meeting the challenges of the market while ensuring that the company's operational risks are manageable," he added.
Ian Zhu, another managing partner at NIO Capital, also spoke and said the venture capital firm has made aggressive investments in the areas of smart cockpits, battery technology, energy transition, semiconductors and automotive ecology since 2022.
NIO Capital didn't provide much more on NIO, though many of its investments are around the NEV industry chain and are sometimes made alongside NIO.
NIO and NIO Capital invested in fusion startup Neo Fusion, taking a 19.9 percent and 10.1 percent stake, respectively, according to a CnEVPost report last week.
NIO also seems to be hoping that NIO Capital's investment will help it get better access to resources for building more attractive electric vehicles.
NIO announced the panoramic digital cockpit PanoCinema when it launched the ET5 sedan on December 18, 2021.
It announced at that time the introduction of AR glasses developed jointly with Nreal, an AR technology company that is a portfolio company of NIO Capital.
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