Author: Phate Zhang/CnEVPost

Categories
BYD China Deals Electric eMobility eV Tesla Tesla Model Y

Tesla Model Y with BYD battery has started production in Germany, report says

Since this week, the Model Y with BYD battery has been produced at Tesla's Gigafactory in Grünheide, Germany, according to a German media report.  |  TSLA.US BYDDY.US | BYD HK

(Image credit: CnEVPost)

Starting this week, the Model Y with BYD battery has been produced at Tesla's Gigafactory in Grünheide, Germany, local media outlet Teslamag said in a report Thursday.

The model is a rear-wheel drive version and the batteries will not be produced by Tesla itself, but by BYD in China, according to the report.

This is Tesla's fourth battery supplier after Panasonic, LG Energy Solution and , the report noted.

Last August, Tesla applied for and received European type approval for the Model Y with BYD's lithium iron phosphate (LFP) battery, which at the time had a 55-kWh capacity and a 440 km WLTP range, the report said.

Tesla currently specifies a WLTP range of 455 km for the Model Y with standard rims and 430 km with 20-inch wheels, the report noted.

In February 2022, rumors surfaced that Tesla had placed an order with BYD's battery manufacturing division, FinDreams Battery, for blade batteries for 204,000 vehicles per year.

On August 10, 2022, Chinese media outlet Sina Tech cited multiple sources as saying that BYD's blade battery supplies to Tesla had begun to be delivered to the latter's plant in Berlin, Germany, the first Tesla Gigafactory to apply BYD batteries.

On March 13, South Korea's Korea Economic Daily reported that Tesla had decided not to use BYD's batteries due to quality problems caused by a series of fire incidents with the latter's LFP batteries.

A BYD spokesperson, responding to CnEVPost's request for comment at the time, said the information was untrue and not in line with the actual situation.

Tesla CEO Elon Musk later also tweeted that the media report was false and that Tesla's relationship with BYD was positive.

BYD is not only the largest new energy vehicle (NEV) in China, but also one of the largest battery manufacturers in the world.

BYD installed 21.5 GWh of power batteries in the first quarter, ranking second in the world with a 16.2 percent share, according to data released by South Korean market research firm SNE Research on May 3.

CATL continued to rank first in the world with a 35.0 percent share in the first quarter, and was the only one with a share of more than 30 percent.

BYD says report that Tesla won't extend battery supply partnership with it untrue

The post Tesla Model Y with BYD battery has started production in Germany, report says appeared first on CnEVPost.

For more articles, please visit CnEVPost.

Categories
China Electric eMobility eV Nio NIO ES6 Product Launch

NIO rumored to officially launch new ES6 on May 24

NIO will officially launch the new ES6 and announce the price on May 24, with deliveries expected to begin within days of the launch, according to local media.  |  NIO US | NIO HK | NIO SG

NIO rumored to officially launch new ES6 on May 24-CnEVPost

(Image credit: CnEVPost)

NIO (NYSE: NIO) unveiled the new ES6 on the first day of the Shanghai auto show on April 18, but did not announce an official launch date or price. Now, a new report provides additional information.

The new ES6 will be officially launched on May 24, and its price information will be announced at that time, local auto industry media D1EV reported on Thursday after visiting several NIO stores in Beijing.

The model's show cars will be available at NIO stores from the day of launch, and consumers who have recently reserved the car will be invited to test drive it in batches, according to the report.

Compared to the old ES6, the new model will keep only in the Sport version, with the previously available higher-priced Performance and Signature versions optimized to become the new ES7 model currently on sale, the report said.

Deliveries of the new ES6 will begin at the end of May, the report said, citing salespeople at NIO stores.

William Li, founder, chairman and CEO of NIO, unveiled the 2023 ET7 sedan and gave the debut of the new ES6 SUV based on the NT 2.0 platform at a brief launch event on the first day of the Shanghai auto show on April 18.

Li did not announce the SUV's exact specifications or pricing at the time, saying only that the model's official launch would be in late May.

Nevertheless, NIO has already started allowing consumers to reserve the model with a RMB 5,000 deposit.

In an interview with local media at the time, Li said that the delivery schedule for the new ES6 would be different from NIO's previous models and that deliveries would begin soon after the launch.

Pricing information for the new ES6 has not been released, and Li said in that interview that NIO would not engage in a price war, so the model's price would not be set particularly low.

For reference, the old ES6 based on the NT 1.0 platform was previously offered in three versions -- Sport, Performance and Signature -- with starting prices of RMB 386,000 ($55,840), 426,000 and 496,000 respectively.

For NIO, the new ES6 will be a model of strategic importance, as it will be the least expensive of NIO's SUVs.

From January to August 2022, 32,877 ES6 units were delivered, contributing 46 percent of NIO's total deliveries of 71,556 units during the period, according to figures monitored by CnEVPost from the company and the China Passenger Car Association (CPCA).

The new ES6 is now widely seen as being powerfully equipped and competitively priced, which has sparked discontent among some owners who previously purchased the ES7 SUV.

Last month, several ES7 owners formed a WeChat group to collectively express their dissatisfaction that the upcoming new ES6 means NIO has betrayed them.

Launched on June 15, 2022, the NIO ES7 is the company's second model based on the NT 2.0 platform and the first SUV on the second-generation platform.

The NIO ES7 is currently offered in two versions, priced at RMB 468,000 and 548,000 including the battery. If consumers choose to purchase using the battery rental service BaaS, the starting price is RMB 398,000.

NIO began deliveries of the ES7 on August 28, 2022, with a cumulative total of 15,123 units delivered by the end of January this year, according to data monitored by CnEVPost.

The NIO ES7 is similar in appearance and key specifications to the new NIO ES8, but smaller in size and less expensive. Previously, the model that sits behind the flagship ES8 in NIO's product array was the ES6.

Although NIO has not released information on the specifications of the new ES6, a regulatory filing in January has revealed the core specifications of the model.

The new NIO ES6 measures 4,854 mm in length, 1,995 mm in width and 1,703 mm in height, and has a wheelbase of 2,915 mm.

For comparison, the old ES6 is smaller, measuring 4,850 mm in length, 1,965 mm in width and 1,758/1,731 mm in height, with a wheelbase of 2,900 mm.

The new ES6 will be equipped with dual motors supplied by NIO's motor division XPT, with a maximum power of 150 kW and 210 kW respectively, the same as the ET5 sedan.

This specification is lower than the motors of the ES7, which has dual motors with a maximum power of 180 kW and 300 kW, respectively.

($1 = RMB 6.9120)

NIO suffers complaints from ES7 owners who believe upcoming new ES6 hurts their interests

The post NIO rumored to officially launch new ES6 on May 24 appeared first on CnEVPost.

For more articles, please visit CnEVPost.

Categories
China Electric eMobility eV Tesla Tesla Benefits Tesla Model S Tesla Model X

Tesla offers new Model S and Model X buyers 3 years of free supercharging benefits along with price hike in China

Starting May 5, Chinese consumers who order a new Model S or Model X and have the vehicle delivered by September 30 will receive the benefit.

Tesla offers new Model S and Model X buyers 3 years of free supercharging benefits along with price hike in China-CnEVPost

(Image credit: CnEVPost)

Tesla (NASDAQ: TSLA) is offering additional benefits to buyers of the new Model S and Model X while increasing the prices of the two models in China.

Starting May 5, consumers who order a new Model S or Model X and have the vehicle delivered on or before September 30 will receive three years of free supercharging benefits, according to information on Tesla's China website.

The benefits apply only to the buyer's Tesla account where the order is placed and may not be shared with any other vehicle under that account or transferred to any other vehicle or account, the information shows.

The benefit also terminates if the vehicle is transferred to another person, Tesla said.

If the order date is met, but the delivery date is after September 30, the consumer will not be able to receive the benefit.

The vehicle must be a non-operating vehicle to qualify for this benefit, otherwise the vehicle cannot acquire or maintain this benefit.

Tesla offers new Model S and Model X buyers 3 years of free supercharging benefits along with price hike in China-CnEVPost

(Screenshot on May 5.)

Prices for the full lineup of new Model S and Model X models in China were raised today by RMB 19,000 ($2,750), or about 2 percent, according to the latest information on Tesla's China website.

On May 2, Tesla raised the prices of the full lineup of Model 3 and Model Y in China by RMB 2,000, or less than 1 percent.

The Model 3 now starts at RMB 231,900 in China, the Model Y at RMB 263,900, the Model S at RMB 808,900 and the Model X at RMB 898,900.

(1 $= 6.9067 RMB)

Tesla hikes prices of new Model S and Model X in China

The post Tesla offers new Model S and Model X buyers 3 years of free supercharging benefits along with price hike in China appeared first on CnEVPost.

For more articles, please visit CnEVPost.

Categories
China Electric eMobility eV Price Change Price Hike Tesla Tesla Model S Tesla Model X Tesla Price Change

Tesla hikes prices of new Model S and Model X in China

Tesla raised the prices of the entire new Model S and Model X lineup in China by about 2 percent, following price increases for the locally produced Model 3 and Model Y three days ago.

Tesla hikes prices of new Model S and Model X in China-CnEVPost

(Image credit: CnEVPost)

Tesla (NASDAQ: TSLA) raised the prices of both of its more expensive models by about 2 percent in China, following a price hike three days ago for two less expensive locally produced models.

Prices for the new Model S and the entire Model X lineup were raised by RMB 19,000 ($2,750) in China, the latest information from Tesla's China website shows.

The latest starting price for the dual-motor all-wheel drive Model S in China is RMB 808,900, up RMB 19,000, or 2.41 percent, from RMB 789,900 previously, information monitored by CnEVPost shows.

The latest starting price for the tri-motor all-wheel drive Model S Plaid is RMB 1,028,900, up RMB 19,000, or 1.88 percent, from RMB 1,009,900 previously.

The latest starting price for the dual-motor all-wheel drive Model X is RMB 898,900, up RMB 19,000, or 2.16 percent, from RMB 879,900.

The new starting price for the tri-motor, all-wheel drive Model X Plaid is RMB 1,058,900, up RMB 19,000, or 1.83 percent, from RMB 1,039,900.

The expected delivery dates in China for both the new Model S and the full line of Model X models are the second quarter, the same as before, information on Tesla's China website shows.

Tesla hikes prices of new Model S and Model X in China-CnEVPost

(Screenshot on May 5.)

On May 2, Tesla just raised the prices of its full lineup of Model 3 and Model Y in China, a less than 1 percent increase that means the move is more aimed at dispelling consumer wait-and-see sentiment.

Tesla has a factory in Shanghai that makes the Model 3 and Model Y, and their prices in China were all raised by 2,000 yuan at the time.

The company currently offers two versions of the Model 3 in China -- the rear-wheel-drive Model 3 and the dual-motor all-wheel-drive Model 3 Performance -- and three versions of the Model Y -- the entry version Model Y, Model Y Long Range, and Model Y Performance.

The two versions of the Model 3 currently start at RMB 231,900 and RMB 331,900 respectively, while the three versions of the Model Y start at RMB 263,900, RMB 313,900 and RMB 363,900 respectively.

Last month, Tesla lowered the prices of the Model 3 and the Model Y in several markets around the world, raising concerns about whether it would lower prices in China.

Tesla's move to raise the prices of all available models in China this week could help dispel some potential consumers' wait-and-see sentiment, which could benefit sales in the near term.

The electric vehicle maker delivered 76,663 vehicles in China in March and exported 12,206 from its Shanghai plant, according to the China Passenger Car Association (CPCA). April figures are expected to be available within days.

($1 = RMB 6.9067)

Tesla hikes Model 3, Model Y prices slightly in China

Tesla China price changes

DateModelPrev PriceChange (RMB)%Latest Price
May 5, 2023Model S789,90019,0002.41%808,900
May 5, 2023Model S Plaid1,009,90019,0001.88%1,028,900
May 5, 2023Model X879,90019,0002.16%898,900
May 5, 2023Model X Plaid1,039,90019,0001.83%1,058,900
May 2, 2023Model 3229,900+2,0000.87%231,900
May 2, 2023Model 3 Performance329,900+2,0000.61%331,900
May 2, 2023Model Y261,900+2,0000.76%263,900
May 2, 2023Model Y Long Range311,900+2,0000.64%313,900
May 2, 2023Model Y Performance361,900+2,0000.55%363,900
Feb 17, 2023Model Y Performance359,900+2,0000.56%361,900
Feb 17, 2023Model Y Long Range309,900+2,0000.65%311,900
Feb 10, 2023Model Y259,900+2,0000.77%261,900
Jan 6, 2023Model X PlaidNewNANA1,039,900
Jan 6, 2023Model XNewNANA879,900
Jan 6, 2023Model S PlaidNewNANA1,009,900
Jan 6, 2023Model SNewNANA789,900
Jan 6, 2023Model Y Performance397,900-38,000-9.55%359,900
Jan 6, 2023Model Y Long Range357,900-48,000-13.41%309,900
Jan 6, 2023Model Y288,900-29,000-10.04%259,900
Jan 6, 2023Model 3 Performance349,900-20,000-5.72%329,900
Jan 6, 2023Model 3265,900-36,000-13.54%229,900
Oct 24, 2022Model Y Performance417,900-20,000-4.79%397,900
Oct 24, 2022Model Y Long Range394,900-37,000-9.37%357,900
Oct 24, 2022Model Y316,900-28,000-8.84%288,900
Oct 24, 2022Model 3 Performance367,900-18,000-4.89%349,900
Oct 24, 2022Model 3279,900-14,000-5.00%265,900
June 17, 2022Model Y Long Range375,900+19,0005.05%394,900
Mar 17, 2022Model Y301,840+15,0604.99%316,900
Mar 15, 2022Model Y Performance397,900+20,0005.03%417,900
Mar 15, 2022Model Y Long Range357,900+18,0005.03%375,900
Mar 15, 2022Model 3 Performance349,900+18,0005.14%367,900
Mar 15, 2022Model 3265,652+14,2485.36%279,900
Mar 10, 2022Model Y Performance387,900+10,0002.58%397,900
Mar 10, 2022Model Y Long Range347,900+10,0002.87%357,900
Mar 10, 2022Model 3 Performance339,900+10,0002.94%349,900
Dec 31, 2021Model Y280,752+21,0887.51%301,840
Dec 31, 2021Model 3255,652+10,0003.91%265,652
Nov 24, 2021Model Y276,000+4,7521.72%280,752
Nov 24, 2021Model 3250,900+4,7521.89%255,652
Nov 19, 2021Model 3235,900+15,0006.36%250,900
Oct 27, 2021Model S Long Range859,990+30,0003.49%889,990
Oct 27, 2021Model X Long Range909,990+30,0003.30%939,990
Sept 11, 2021Model Y Performance377,900+10,0002.65%387,900
Aug 4, 2021Model S Long Range829,990+30,0003.61%859,990
Aug 4, 2021Model X Long Range879,990+30,0003.41%909,990
Jul 30, 2021Model 3250,900-15,000-5.98%235,900
Jul 16, 2021Model S Long Range799,990+30,0003.75%829,990
Jul 16, 2021Model X Long Range849,990+30,0003.53%879,990
Jul 8, 2021Model YNANewNA276,000
May 8, 2021Model 3249,900+1,0000.40%250,900
Mar 24, 2021Model Y Long Range339,900+8,0002.35%347,900
Mar 24, 2021Model Y Performance369,900+8,0002.16%377,900
Jan 1, 2021Model Y Long RangeNewNANA339,900
Jan 1, 2021Model Y PerformanceNewNANA369,900
Jan 1, 2021Model 3 PerformanceNewNANA339,900
Oct 1, 2020Model 3271,600-21,700-7.99%249,900
Oct 1, 2020Model 3 Long Range344,050-34,150-9.93%309,900

The post Tesla hikes prices of new Model S and Model X in China appeared first on CnEVPost.

For more articles, please visit CnEVPost.

Categories
China China EV Market Insight Earnings Electric eMobility eV Li Auto Research Note

Li Auto Q1 earnings preview: Shifting to higher gear

With sales near the low end of guidance, Li Auto's performance in the first quarter is expected to be somewhat mixed, but the outlook for delivery in the second quarter will be robust, according to Edison Yu's team.  |  Li Auto US | Li Auto HK

Li Auto Q1 earnings preview: Shifting to higher gear-CnEVPost

(Image credit: CnEVPost)

Li Auto (NASDAQ: LI) will report its unaudited financial results for the first quarter on Wednesday, May 10, before the US markets open. As usual, Deutsche Bank analyst Edison Yu's team provided their preview.

Li Auto continues to be the best-performing Chinese electric vehicle stock this year, which is well deserved, though it is expected to have a somewhat mixed quarter as sales approached the lower end of the original outlook, Yu's team said in a research note sent to investors today.

The automaker's management team took advantage of strong initial orders from customers in the premium SUV segment to quickly increase deliveries of new models, the team noted.

Yu's team expects a robust delivery outlook for Li Auto in the second quarter, supported by wide availability of the Li L7 and lower-priced versions of the Li L7 and Li L8.

"Positioning-wise, Li Auto remains the clear favorite in the group and likely stays there unless evidence of softening demand emerges later in the year," the team wrote.

First-quarter earnings preview

Yu's team expects Li Auto to report revenue of RMB 17.7 billion yuan in the first quarter, with a gross margin of 20.7 percent and adjusted earnings per share of 0.40.

The team's model assumes an increase in operating expenses relative to the fourth quarter.

This compares to the current analyst consensus estimates of RMB 18.9 billion, 20.5 percent and 0.49, respectively, in a Bloomberg survey.

Yu's team expects Li Auto's vehicle margin to increase by just 50 basis points sequentially, as average selling prices come under some pressure.

Li Auto delivered a record 52,584 vehicles in the first quarter, near the lower end of its previously provided guidance range of 52,000 to 55,000 vehicles.

Its revenue guidance for the first quarter was RMB 17.45 billion to RMB 18.45 billion, implying year-on-year growth of 82.5 percent to 93 percent.

Li Auto Q1 earnings preview: Shifting to higher gear-CnEVPost

Gearing up for big second quarter

For second-quarter delivery guidance, Yu's team expects Li Auto's management to target around 75,000 units, supported by deliveries of the Li L7 throughout the quarter and wide availability of the cheaper Air versions of the Li L7 and Li L8.

Li Auto launched the Li L7, its first five-seat SUV, on February 8.

The Li L7 is the least expensive in its product array, with Pro as well as Max versions starting at RMB 339,800 and 379,800 respectively. The Li L7 is available in a lower-priced Air version, starting at RMB 319,800.

Deliveries of the Li L7 Pro and the Li L7 Max began on March 11, and deliveries of the Li L7Air began in late April.

Li Auto is also offering an Air version of the Li L8, with a starting price of RMB 339,800. The Li L8 was previously available in Pro and Max versions with starting prices of RMB 359,800 and RMB 399,800, respectively.

Li Auto's other model, the flagship Li L9, is currently available only in the Max version, with a starting price of RMB 459,800.

Compared to NIO (NYSE: NIO), Li Auto has launched its latest model very efficiently, capturing the initial wave of demand, which is very important in a highly competitive market driven increasingly by product cycles, Yu's team said.

In terms of gross margin, the team expects improvement on a sequential basis as production scales up and battery input costs fall.

Li Auto CFO is conservatively aiming for a gross margin of above 20 percent, given battery costs and a volatile macro backdrop, Yu's team noted, adding that they see 22 percent-23 percent as more realistic, with further upside dependent on battery input costs and average selling prices.

The real test for the company will come later this year, when it will struggle to maintain demand momentum with its three relatively large EREV SUVs in the face of increased competition, the team said.

Some cannibalization will naturally occur among Li Auto's models, but that will likely be offset by share gains from legacy foreign brands, Yu's team said.

The Li L9 sales have already dropped from 10,582 units in December to 5,831 units in March. Since September, foreign brands have lost about 7 percentage points of market share in the premium SUV segment, the team said.

The slow recovery in Chinese auto sales in recent months is something Yu's team attributes to customers prioritizing spending elsewhere after the Covid reopening and recognizing that car prices could fall further, and therefore not rushing to buy.

China's car sales have been slow to recover in recent months, and Yu's team attributes that to customers prioritizing spending elsewhere after the Covid reopening and recognizing that car prices could fall further and therefore not rushing to buy.

In terms of positioning, Li Auto remains the most popular of the Chinese EV startups and is likely to stay there unless there are signs of softening demand or a decline in execution, the team said.

Li Auto CEO predicts China NEV penetration to exceed 80% by Dec 2025

The post Li Auto Q1 earnings preview: Shifting to higher gear appeared first on CnEVPost.

For more articles, please visit CnEVPost.

Categories
China Deals Electric eMobility eV Fund Raising Industry News Smart Tianqi Lithium

Chinese Lithium giant Tianqi reportedly mulling stake in Mercedes-Geely JV Smart

Smart delivered 4,390 vehicles in China in April, down 25.73 percent from 5,911 units in March.

(A Smart #1 on display at the Shanghai auto show in April 2023. Image credit: CnEVPost)

Chinese lithium giant Tianqi Lithium is considering buying a minority stake in Smart Automobile, a joint venture between Mercedes-Benz and Holding Group, as part of the latter's latest round of private funding, Bloomberg said today, citing people familiar with the matter.

Tianqi is in advanced talks to invest $100 million to $200 million in Smart in a deal that could value Smart at several billion dollars, people familiar with the matter said, adding that an agreement could be reached as soon as the next few weeks.

Shenzhen-listed Tianqi, one of China's largest lithium producers, raised about HK$13 billion in a Hong Kong IPO on July 13, 2022.

Mercedes first launched Smart in Germany in 1998 and brought the brand to the US a decade later, with the original two-seat model aimed at urban buyers with crowded parking spaces, the Bloomberg report noted.

Geely and Mercedes-Benz officially announced a 5.4 billion yuan ($783 million) Smart joint venture in Hangzhou Bay, Ningbo, in early 2020.

As part of the agreement, Mercedes-Benz designers will design the Smart cars and Geely will engineer them.

Smart has been considering raising capital as part of its effort to revive the compact car as an all-electric brand. The company was initially aiming to raise between $500 million and $1 billion in fresh funds, according to a Bloomberg report last year.

Smart delivered 4,390 vehicles in China in April, down 25.73 percent from 5,911 units in March, according to data monitored by CnEVPost.

The brand currently has only one model on sale in China, the Smart #1, which went on sale in China on April 25, 2022, with deliveries starting on September 24.

The model was designed by Mercedes-Benz, with the Smart R&D team leading the engineering development, and is based on Geely's SEA (Sustainable Experience Architecture) architecture.

On April 17, Smart unveiled its new Smart #3, its second product since its electrification transition, on the eve of the Shanghai auto show.

($1 = RMB 6.8964)

Regulatory filing: Smart's second EV, Smart #3, coming soon

The post Chinese Lithium giant Tianqi reportedly mulling stake in Mercedes-Geely JV Smart appeared first on CnEVPost.

For more articles, please visit CnEVPost.

Categories
China Electric eMobility eV Nio NIO Germany Nio House

NIO to open new NIO House in Germany on Jun 1

The new NIO House will be located in Düsseldorf and is set to become NIO's third such facility in Germany.  |  NIO US | NIO HK | NIO SG

NIO to open new NIO House in Germany on Jun 1-CnEVPost

(Image credit: NIO)

NIO (NYSE: NIO) will open a new NIO House in Germany next month, as the Chinese electric vehicle company ramps up its efforts in Europe.

NIO's NIO House in Düsseldorf will open on June 1 local time, according to an article posted yesterday on the company's European version of its mobile app.

Düsseldorf, known for its elegant shopping streets, is also an important business location, especially in the fashion, advertising and telecommunications sectors, according to the article, which did not reveal the exact address of the NIO House.

The new NIO House will be the third flagship showroom of NIO in Germany.

On December 16, 2022, NIO opened its first NIO House in Germany, located on Kurfurstendamm in Berlin.

On March 30 of this year, NIO opened its second NIO House in Germany, located in the heart of Groβe Eschenheimer StraBe in Frankfurt.

NIO co-founder and president Qin Lihong was on site for the Frankfurt NIO House opening ceremony.

NIO House is the flagship showroom of NIO, which also includes the smaller NIO Space in China.

The NIO House is much more than just a space to display and sell vehicles, it is a space for NIO to offer a quality lifestyle to car owners.

NIO's goal is to transfer its entire suite of services in China to overseas markets, including the NIO House and its signature battery swap service.

NIO introduced the ET7, EL7 and ET5 to European consumers at the NIO Berlin launch event last October 7. The EL7 is known as the ES7 in China.

ET7 deliveries in Europe started last October and EL7 deliveries began at the end of January. ET5 deliveries in Germany started on March 31.

NIO opens new NIO House in Frankfurt, its 2nd in Germany

The post NIO to open new NIO House in Germany on Jun 1 appeared first on CnEVPost.

For more articles, please visit CnEVPost.

Categories
Auto Show China Electric eMobility eV Industry News

Chengdu auto show to be held from Aug 25 to Sep 3

Last year's Chengdu auto show opened on August 26, but the show, which was to run for 10 days, ended early after four days due to Covid control.

Chengdu auto show to be held from Aug 25 to Sep 3-CnEVPost

(NIO's booth at the 2023 Shanghai auto show. Image credit: CnEVPost)

The date of the annual Chengdu auto show is set, after the Shanghai auto show has just ended and the Beijing auto show has announced its date.

The 26th edition of the Chengdu Motor Show will be held from August 25 to September 3, 2023, the event's organizers mentioned in a post on its official WeChat account Monday.

Separately, information on the Chengdu auto show's official website shows the event will be held at the city's Western China International Expo City, with a media day on August 25.

The Chengdu auto show has become one of China's four A-class auto shows and is the most visible wind vane in the western China auto market, the event's official website reads.

After China's Covid reopening late last year, major events, including auto shows, are highly anticipated because they are important to stimulate economic growth.

The just-concluded biennial Shanghai auto show, held April 18-27, attracted nearly 1 million visitors, with new energy vehicles (NEVs) in the spotlight.

The Shanghai auto show, which officially closed on April 27, hosted more than 13,000 global media workers and had 906,000 visitors, the show's organizers said in an April 27 article.

The total exhibition area of the Shanghai auto show exceeded 360,000 square meters, with 1,413 vehicles on display in the vehicle section, including 513 NEV show cars, according to the article.

On April 21, during the Shanghai auto show, the organizers of the Beijing auto show announced that the 17th Beijing International Automotive Exhibition (Auto China 2024) will be held from April 25 to May 4, 2024, which will mark the event's return after a four-year hiatus.

The Beijing auto show has been held in Beijing every two years since 1990. The 17th Beijing auto show was originally planned for April 21-April 30, 2022, but was cancelled due to Covid concerns.

Prior to that, the 16th Beijing auto show was postponed to September 26-October 5, 2020 due to Covid.

Last year's Chengdu auto show opened on August 26 amid Covid concerns, but the show, which was to run for 10 days, ended early on August 30 due to epidemic control after four days.

More than 1,600 vehicles from 128 brands were on display in Chengdu at the time. Before that show ended, 108 new models were unveiled, more than 40 of which were NEVs.

At last year's Chengdu auto show, NIO presented the full range of models and also brought a battery swap station with a transparent bottom.

Chengdu auto show: Here's what NIO is showcasing

The post Chengdu auto show to be held from Aug 25 to Sep 3 appeared first on CnEVPost.

For more articles, please visit CnEVPost.

Categories
4D Imaging Radar China Deals Electric eMobility eV Nio NXP Semiconductors

NIO to adopt NXP’s 4D imaging radar that provides greater road safety

4D imaging radar enables cars to detect and classify objects such as other vehicles and vulnerable road users on highways and in complex urban scenarios and at distances of up to 300 meters.  |  NIO US | NIO HK | NIO SG

NIO to adopt NXP's 4D imaging radar that provides greater road safety-CnEVPost

(Image credit: CnEVPost)

Dutch-headquartered computer chip maker NXP Semiconductors (NASDAQ: NXPI) today announced that Chinese electric vehicle (EV) maker NIO (NYSE: NIO) will adopt its 4D imaging radar solution, which offers benefits far beyond those of traditional radar.

4D imaging radar will significantly improve the performance of front radar in today's vehicles, and NXP's imaging radar technology extends the functionality of radar from measuring range and speed to include direction, angle of arrival and elevation measurement, the chipmaker said.

These vehicles will be able to detect and classify objects such as other vehicles and vulnerable road users on highways and in complex urban scenarios and at distances of up to 300 meters, bringing greater road safety and driving comfort to end users, according to a press release.

Fine-resolution point clouds enhance environmental mapping and scene understanding, enabling the detection and classification of objects beyond the range of human vision while measuring object speed in virtually all weather and light conditions, according to NXP.

The technology is a key step in improving road safety and saving lives by allowing a car to "see" a motorcycle traveling close to a large delivery truck or a child entering the road between parked cars.

NXP's imaging radar solutions are ideal for advanced, high-performance front radar applications, it said, adding that as part of NXP's full family of radar products, they offer seamless performance scalability and software and hardware design reuse across radar platforms.

The combined radar processor and transceiver chipsets provide efficient advanced radar processing and high-performance RF technology to support Level 2+ and higher-level autonomous driving services, NXP said.

"Together with NXP, we’ll be able to take the next step toward improving driver experiences," said Kevin Pan, assistant vice president of NIO supply chain development.

In China, EV makers rely on vision cameras as well as LiDARs for assisted driving sensors. The mainstream technology route is vision-based, with millimeter-wave radar and LiDARs providing assistance.

4D imaging radar, as an extension of millimeter wave technology, provides the ability to accurately measure height, which can effectively complement the advantages of vision sensors and improve the recognition of stationary and hidden targets in critical scenarios.

As for the cost, the mature automotive electronics industry chain and manufacturing process provide a broad room for improvement after 4D imaging radar is mass-produced on a large scale.

In addition to the partnership with NXP, NIO Capital, with William Li, founder, chairman and CEO of NIO, as a managing partner, invested in SinPro, a local Chinese 4D imaging radar manufacturer, last month.

SinPro announced on April 12 that it had closed a series A funding round of several hundred million RMB, led by NIO Capital and an investment fund under Xiaomi.

The emergence of 4D imaging radar technology will drive smart cars in a safer and smarter direction, Ian Zhu, another managing partner at NIO Capital, said at the time.

NIO plans to launch EV priced below 30,000 euros in Europe, report says

The post NIO to adopt NXP's 4D imaging radar that provides greater road safety appeared first on CnEVPost.

For more articles, please visit CnEVPost.

Categories
BYD BYD Qin BYD Song BYD Yuan China Electric eMobility eV EV Data Monthly Data

BYD Apr sales breakdown: Qin 42,202, Yuan 39,160

BYD has offered some discounts on the Seal, Song Plus, Yuan Plus and Dolphin in the price war in the Chinese auto industry over the past two months.  |  BYDDY.US | BYD HK

BYD Apr sales breakdown: Qin 42,202, Yuan 39,160-CnEVPost

A number of BYD's Dynasty series models continue to contribute major sales for the NEV (NEV) maker.

BYD announced its NEV sales for April today and later provided a breakdown of the different models, showing that the Qin family sold 42,202 units during the month.

This is a new record high for single-month sales of the Qin family of models which continues to be the highest-selling BYD model for the month, contributing 20.1 percent of the NEV maker's passenger NEV sales in March.

This represents a 79.43 percent increase from 23,520 units in the same month last year and a 3.31 percent increase from 40,850 units in March. The Qin family was also the top-selling BYD model in March.

On February 10, BYD let a facelift of the plug-in hybrid sedan Qin Plus DM-i go on sale, offering five versions with a starting price range of RMB 99,800 ($14,440) to RMB 145,800.

This is the first time BYD has made a model with its DM-i powertrain start at less than RMB 100,000.

The Yuan family of models sold 39,160 units in April, making it the second highest-selling BYD model for the month. This was up 158.18 percent year-on-year, but down 3.07 percent from March.

BYD Apr sales breakdown: Qin 42,202, Yuan 39,160-CnEVPost

Song family models -- the top-selling BYD model in many previous months -- sold 35,836 units in April, up 42.73 percent year-on-year, but down 11.54 percent from March.

BYD Apr sales breakdown: Qin 42,202, Yuan 39,160-CnEVPost

The BYD brand includes the Dynasty series and Ocean series, and the Song family is available in both series. The Song in the Dynasty series sold 8,100 units in April, while the Song Plus in the Ocean series sold 27,736 units.

BYD Dolphin sold 30,462 units in April, essentially unchanged from 30,077 units in March and up 153.01 percent from 12,040 units in the same month last year.

BYD Apr sales breakdown: Qin 42,202, Yuan 39,160-CnEVPost

BYD's flagship sedan, the Han, sold 14,329 units in April, up 6.77 percent year-on-year and up 5.75 percent from March.

BYD Apr sales breakdown: Qin 42,202, Yuan 39,160-CnEVPost

Its flagship SUV Tang sold 11,759 units in April, up 16.07 percent year-on-year but down 3.08 percent from March.

BYD Apr sales breakdown: Qin 42,202, Yuan 39,160-CnEVPost

The BYD Frigate 07 sold 10,003 units in April, up 22.74 percent from March. The model went on sale on December 9, 2022.

BYD Apr sales breakdown: Qin 42,202, Yuan 39,160-CnEVPost

BYD Seal sold 6,212 units in April, up 3.53 percent from 6,000 units in March. The model went on sale on July 29, 2022.

BYD Apr sales breakdown: Qin 42,202, Yuan 39,160-CnEVPost

The BYD Chaser 05 sold 5,380 units in April, up 163.73 percent year-on-year and 37.56 percent from March.

BYD Apr sales breakdown: Qin 42,202, Yuan 39,160-CnEVPost

BYD Seagull, which was officially launched at the end of last month, sold 1,500 units in April.

BYD officially launched the mini electric vehicle Seagull on April 26, which has 3 versions with starting prices of RMB 73,800, RMB 78,800, and RMB 89,800 respectively, the lowest-priced BYD model.

BYD Apr sales breakdown: Qin 42,202, Yuan 39,160-CnEVPost

Denza, a joint venture with Mercedes-Benz majority owned by BYD, sold 10,526 units in April, up 1.23 percent from March. Denza sales are included in the figures BYD publishes each month.

Denza is currently offering only the Denza D9 MPV, with reservations for the N7 SUV opening on the first day of the Shanghai auto show on April 18.

BYD Apr sales breakdown: Qin 42,202, Yuan 39,160-CnEVPost

In the past two months, BYD has offered some discounts for Seal, Song Plus, Yuan Plus and Dolphin in a price war in the Chinese auto industry.

BYD sold 210,295 NEVs in April, up 98.31 percent from 106,042 units in the same month last year and up 1.55 percent from 207,080 units in March, according to data released today.

This includes 209,467 passenger NEVs and 828 commercial NEVs.

($1 = RMB 6.9121)

BYD posts Apr NEV sales of 210,295 units, up 1.55% from Mar

The post BYD Apr sales breakdown: Qin 42,202, Yuan 39,160 appeared first on CnEVPost.

For more articles, please visit CnEVPost.