Filed under: Government/Legal,Green,Hirings/Firings/Layoffs,Tesla
Continue reading Elon Musk broke the law with a tweet about Tesla stock options, court rules
Elon Musk broke the law with a tweet about Tesla stock options, court rules originally appeared on Autoblog on Sat, 1 Apr 2023 11:50:00 EDT. Please see our terms for use of feeds.
Permalink | Email this | CommentsIn March, GAC Aion sold 40,016 vehicles, Leapmotor delivered 6,172 and Shenlan 8,568.
The first day of every month is the day when Chinese electric vehicle (EV) makers intensively announce their deliveries for the previous month, and CnEVPost highlighted leading companies, including NIO, XPeng and Li Auto, in separate articles.
For the other lesser-known EV companies, we wanted to use this article to record their delivery performance in March.
GAC's new energy vehicle (NEV) subsidiary, GAC Aion, saw a strong performance in March, with sales reaching 40,016 units, up 96.96 percent year-on-year and up 33.01 percent from February, according to data released today.
GAC Aion sold 80,308 vehicles in the first quarter, up 78.96 percent year-on-year.
On March 30, GAC Aion announced the magazine battery 2.0, which claims not to catch fire or explode even after a gunshot.
Leapmotor delivered 6,172 vehicles in March, down 38.64 percent from 10,059 in the same month last year but up 93 percent from 3,198 in February.
In the first quarter, the company delivered 10,509 vehicles, a decrease of 51.30 percent from the same period last year and down 55.41 percent from the fourth quarter.
The Leapmotor C11 series SUV received more than 10,000 orders in March, according to the company.
Leapmotor officially launched the C11 extended-range electric vehicle (EREV) on March 1, after the model was previously only offered in an all-electric version.
Yesterday, Leapmotor announced the signing of a non-binding memorandum of understanding with Qualcomm for a strategic partnership to build smart cockpit products based on the latter's latest-generation Snapdragon SA8295P platform.
Changan Automobile's NEV brand Shenlan delivered 8,568 vehicles in March, up 108.82 percent from 4,103 vehicles in February.
In the first quarter, Shenlan delivered 18,808 vehicles, a decrease of 22.85 percent from the fourth quarter of last year.
Shenlan currently offers only the SL03 sedan, which was unveiled on July 25, 2022 and began deliveries in September last year.
It officially debuted its first SUV, the Shenlan S7, a model similar to the Tesla Model Y crossover, on March 5. The Shenlan S7 is not yet available.
Smart delivered 5,911 vehicles in China in March, up 63.47 percent from 3,616 vehicles in February.
In the first quarter, Smart delivered 12,697 vehicles in China, an increase of 46.87 percent year-on-year.
Since deliveries began in September 2022, Smart has delivered a cumulative total of 21,909 vehicles.
Skyworth delivered 1,282 vehicles in March, down 13.14 percent from 1,476 vehicles in February. The company exported 517 vehicles last month.
In the first quarter, Skyworth delivered 3,946 vehicles, according to figures released by the company today.
Skyworth, a Chinese appliance manufacturer, released its first electric vehicle product in April 2021.
The company is one of those tracked by CnEVPost, but it has been putting deliveries and orders together in an incomprehensible way when it released delivery figures before this year.
The post China EV deliveries: Aion, Leapmotor, Shenlan and more appeared first on CnEVPost.
For more articles, please visit CnEVPost.
Li also said that Tesla's price cut comes after it faced stiff competition in China, where it does not have pricing power.
(Image credit: CnEVPost)
NIO's (NYSE: NIO) first phone model will be launched and delivered in the third quarter, William Li, the electric vehicle company's founder, chairman and CEO, said today.
Li mentioned the plan in a media group interview today during a forum on China's electric vehicle industry, according to multiple media reports, without providing further details.
Li confirmed in late March last year that NIO would be getting into phone making, saying the company's NIO customers wanted to see a phone that connected better with NIO cars, which prompted the company to look into the industry.
In an internal presentation at the end of November last year, Li said the decision to make the phone was based on long-term strategic thinking over a 5-10 year horizon.
In addition to mentioning a timeline for the launch of the first NIO phone, Li said in an interview with National Business Daily that Tesla doesn't have pricing power in China.
"Tesla's price cut was an action taken after facing stiff competition in the Chinese market, where it doesn't have pricing power," Li said.
Tesla has pricing power in the US market because it has a 60 to 70 percent share in the new energy vehicle (NEV) market there, Li said, adding that in China's NEV market, Tesla has only a 7 percent share.
With 60,766 retail sales in China in January-February, Tesla ranked second in the Chinese NEV market with a 7.8 percent share, according to data released last month by the China Passenger Car Association (CPCA).
BYD retail sales in January-February were 316,417 units, ranking first in China's NEV market with a 40.8 percent share.
NIO sold 20,663 units in the same period, ranking 8th with a 2.7 percent share.
BYD clearly has pricing power, and interestingly, the man at the helm of the NEV giant also mentioned the topic earlier this week.
BYD has pricing power in the price range of RMB 100,000 ($14,560) to RMB 200,000, but the company wants to keep things steady, its chairman and president Wang Chuanfu said at a March 29 investor conference.
BYD doesn't want to make it hard for others to survive, Wang said.
($1 = RMB 6.8690)
The common feature of NIO, Li Auto, XPeng's mobile apps? Pretty girls!
The post NIO's 1st phone model to be launched in Q3, says William Li appeared first on CnEVPost.
For more articles, please visit CnEVPost.
Filed under: Green,Podcasts,Acura,BMW,Chevrolet,Dodge,Ford,Honda,Kia,Tesla,Volkswagen,Coupe,Crossover,Hatchback,Minivan/Van,SUV,Electric,Hybrid,Luxury,Performance
We also drive the base VW Jetta Sport with a manual and chat about our long-term Toyota Sienna
Dodge Demon 170 reveal experience, Supercharging a non-Tesla and the BMW XM | Autoblog Podcast #774 originally appeared on Autoblog on Fri, 31 Mar 2023 14:51:00 EDT. Please see our terms for use of feeds.
Permalink | Email this | CommentsElon Musk last visited China in January 2020, when he showed off a dance during a delivery ceremony for Tesla's first China-made Model 3 vehicles. | TSLA.US
(A screenshot from a file video showing Tesla CEO Elon Musk gave a speech.)
Tesla CEO Elon Musk is planning a visit to China as early as April and is seeking a meeting with Chinese Premier Li Qiang, Reuters said in a report today, citing two people familiar with the matter.
Musk's visit will mark his first to China since the Covid-19 pandemic, the report noted.
The Tesla CEO's last visit to China was in January 2020, when he showed off a dance during the delivery of Tesla's first China-made Model 3 vehicles.
China is Tesla's second-largest market after the United States, and its Shanghai plant is the electric vehicle maker's largest production center, producing the Model 3 sedan as well as the Model Y crossover.
For the full year of 2022, the Chinese market contributed $18.1 billion in revenue to Tesla, or 22 percent of its $81.5 billion in total revenue, according to its 10-K filing with the SEC on January 31.
The US market contributed $40.6 billion, or 49.8 percent, to Tesla's revenue in 2022.
For the full year 2022, Tesla delivered 1,313,851 vehicles worldwide, up 40.38 percent from 935,950 in 2021.
The electric vehicle maker delivered 439,770 vehicles in China in 2022, contributing 33 percent of the year's deliveries, data monitored by CnEVPost show.
In January and February, Tesla delivered 26,843 vehicles and 33,923 vehicles in China, respectively, data from the China Passenger Car Association (CPCA) show.
Tesla's Shanghai plant exported 39,208 and 40,479 vehicles in January and February, respectively.
Tesla seeks to build new battery plant with CATL in US, report says
The post Tesla CEO Elon Musk planning visit to China, report says appeared first on CnEVPost.
For more articles, please visit CnEVPost.
Elon Musk last visited China in January 2020, when he showed off a dance during a delivery ceremony for Tesla's first China-made Model 3 vehicles. | TSLA.US
(A screenshot from a file video showing Tesla CEO Elon Musk gave a speech.)
Tesla CEO Elon Musk is planning a visit to China as early as April and is seeking a meeting with Chinese Premier Li Qiang, Reuters said in a report today, citing two people familiar with the matter.
Musk's visit will mark his first to China since the Covid-19 pandemic, the report noted.
The Tesla CEO's last visit to China was in January 2020, when he showed off a dance during the delivery of Tesla's first China-made Model 3 vehicles.
China is Tesla's second-largest market after the United States, and its Shanghai plant is the electric vehicle maker's largest production center, producing the Model 3 sedan as well as the Model Y crossover.
For the full year of 2022, the Chinese market contributed $18.1 billion in revenue to Tesla, or 22 percent of its $81.5 billion in total revenue, according to its 10-K filing with the SEC on January 31.
The US market contributed $40.6 billion, or 49.8 percent, to Tesla's revenue in 2022.
For the full year 2022, Tesla delivered 1,313,851 vehicles worldwide, up 40.38 percent from 935,950 in 2021.
The electric vehicle maker delivered 439,770 vehicles in China in 2022, contributing 33 percent of the year's deliveries, data monitored by CnEVPost show.
In January and February, Tesla delivered 26,843 vehicles and 33,923 vehicles in China, respectively, data from the China Passenger Car Association (CPCA) show.
Tesla's Shanghai plant exported 39,208 and 40,479 vehicles in January and February, respectively.
Tesla seeks to build new battery plant with CATL in US, report says
The post Tesla CEO Elon Musk planning visit to China, report says appeared first on CnEVPost.
For more articles, please visit CnEVPost.
Tesla's poster mentions "Supercharging," suggesting that the product could be its latest charging device. | TSLA.US
Tesla will launch a new product in China next week, information shared by the company on a social media platform shows.
Tesla China will see the addition of a new member in a 3-day countdown that will take on a special form, the electric vehicle (EV) maker said in a poster on its WeChat account today.
The poster mentions "Supercharging," suggesting that the product could be Tesla's latest charging device.
Earlier this month, Tesla's first V4 Supercharger went into service in Harderwijk, Netherlands.
The Tesla V4 Supercharger is taller than the V3 version and offers a longer charging cable, with the aim of being able to provide charging convenience for other models, as eventually, Tesla's charging network will be open to other brands of EVs.
Instead of the red and white color scheme of the V3, the V4 facility has a simpler black and white color scheme in terms of color paint.
For now, the Harderwijk Tesla V4 Supercharger is still operating on a pilot basis and is only open to Tesla models.
Tesla added three Supercharger stations in China in February, including 18 Superchargers, according to figures it announced earlier this month.
To date, Tesla has more than 1,100 Superchargers in the Chinese mainland, offering more than 8,400 Superchargers.
It also has more than 700 destination charging stations in the Chinese mainland, offering more than 1,800 destination piles.
Tesla Model Y ranks No. 2 in top-selling SUVs in China in Feb
The post Tesla teases new product launch in China on Apr 3 appeared first on CnEVPost.
For more articles, please visit CnEVPost.
As with Ford's deal structure, Tesla would own and operate the plant while licensing technology from CATL, according to Bloomberg. | TSLA.US
(Image credit: CnEVPost)
Tesla is reportedly looking to build a new battery factory with CATL in the US, similar to the Chinese battery-maker giant's deal with Ford last month.
Bloomberg reported on the matter earlier today, saying Tesla discussed plans involving CATL with the US government.
Tesla representatives sought clarity on the Inflation Reduction Act rules that the US government is finalizing this week, and the company's senior director of global public policy Rohan Patel was among those involved in the discussions, according to the report.
Tesla hopes to build a plant wholly owned by it in partnership with CATL, similar to a deal Ford announced last month in Michigan, the report said.
Tesla is in expansion mode, deploying its $22 billion in cash to boost production and cut costs as it faces increasing competition, the report noted.
CATL produces lithium iron phosphate (LFP) batteries, a cheaper chemistry than the nickel-based batteries used in Western countries, and is key to the plan, the report said.
Tesla is considering building the battery plant in Texas to supply its electric vehicle assembly plant there, although the location has not been finalized, Bloomberg said, citing some people familiar with the matter.
As with Ford's deal structure, Tesla would own and operate the plant, while licensing technology from CATL, according to the report.
On February 13, Ford announced that it is investing $3.5 billion to build an LFP battery plant in Marshall, Michigan.
The plant, which is wholly owned by Ford, is the first battery plant to be wholly owned by a US automaker and will introduce LFP battery solutions for Ford's electric vehicle products.
The LFP battery plant is expected to start production in 2026 with an initial workforce of 2,500, Ford said last month.
The plant will have an initial design capacity of about 35 GWh per year and could supply power packs for about 400,000 Ford electric vehicles annually.
CATL is the world's largest maker of electric vehicle batteries, with a share far ahead of other peers.
CATL's installed battery volume in January-February was 25.5 GWh, up 34 percent from 19.0 GWh in the same period last year, according to data released yesterday by South Korean market research firm SNE Research.
The Chinese battery giant continues to rank No. 1 with a 33.9 percent share, the only global battery maker with a share of more than 30 percent.
Ford to build $3.5 billion LFP battery plant in Michigan with CATL's technology
The post Tesla seeks to build new battery plant with CATL in US, report says appeared first on CnEVPost.
For more articles, please visit CnEVPost.
As with Ford's deal structure, Tesla would own and operate the plant while licensing technology from CATL, according to Bloomberg. | TSLA.US
(Image credit: CnEVPost)
Tesla is reportedly looking to build a new battery factory with CATL in the US, similar to the Chinese battery-maker giant's deal with Ford last month.
Bloomberg reported on the matter earlier today, saying Tesla discussed plans involving CATL with the US government.
Tesla representatives sought clarity on the Inflation Reduction Act rules that the US government is finalizing this week, and the company's senior director of global public policy Rohan Patel was among those involved in the discussions, according to the report.
Tesla hopes to build a plant wholly owned by it in partnership with CATL, similar to a deal Ford announced last month in Michigan, the report said.
Tesla is in expansion mode, deploying its $22 billion in cash to boost production and cut costs as it faces increasing competition, the report noted.
CATL produces lithium iron phosphate (LFP) batteries, a cheaper chemistry than the nickel-based batteries used in Western countries, and is key to the plan, the report said.
Tesla is considering building the battery plant in Texas to supply its electric vehicle assembly plant there, although the location has not been finalized, Bloomberg said, citing some people familiar with the matter.
As with Ford's deal structure, Tesla would own and operate the plant, while licensing technology from CATL, according to the report.
On February 13, Ford announced that it is investing $3.5 billion to build an LFP battery plant in Marshall, Michigan.
The plant, which is wholly owned by Ford, is the first battery plant to be wholly owned by a US automaker and will introduce LFP battery solutions for Ford's electric vehicle products.
The LFP battery plant is expected to start production in 2026 with an initial workforce of 2,500, Ford said last month.
The plant will have an initial design capacity of about 35 GWh per year and could supply power packs for about 400,000 Ford electric vehicles annually.
CATL is the world's largest maker of electric vehicle batteries, with a share far ahead of other peers.
CATL's installed battery volume in January-February was 25.5 GWh, up 34 percent from 19.0 GWh in the same period last year, according to data released yesterday by South Korean market research firm SNE Research.
The Chinese battery giant continues to rank No. 1 with a 33.9 percent share, the only global battery maker with a share of more than 30 percent.
Ford to build $3.5 billion LFP battery plant in Michigan with CATL's technology
The post Tesla seeks to build new battery plant with CATL in US, report says appeared first on CnEVPost.
For more articles, please visit CnEVPost.
As with Ford's deal structure, Tesla would own and operate the plant while licensing technology from CATL, according to Bloomberg. | TSLA.US
(Image credit: CnEVPost)
Tesla is reportedly looking to build a new battery factory with CATL in the US, similar to the Chinese battery-maker giant's deal with Ford last month.
Bloomberg reported on the matter earlier today, saying Tesla discussed plans involving CATL with the US government.
Tesla representatives sought clarity on the Inflation Reduction Act rules that the US government is finalizing this week, and the company's senior director of global public policy Rohan Patel was among those involved in the discussions, according to the report.
Tesla hopes to build a plant wholly owned by it in partnership with CATL, similar to a deal Ford announced last month in Michigan, the report said.
Tesla is in expansion mode, deploying its $22 billion in cash to boost production and cut costs as it faces increasing competition, the report noted.
CATL produces lithium iron phosphate (LFP) batteries, a cheaper chemistry than the nickel-based batteries used in Western countries, and is key to the plan, the report said.
Tesla is considering building the battery plant in Texas to supply its electric vehicle assembly plant there, although the location has not been finalized, Bloomberg said, citing some people familiar with the matter.
As with Ford's deal structure, Tesla would own and operate the plant, while licensing technology from CATL, according to the report.
On February 13, Ford announced that it is investing $3.5 billion to build an LFP battery plant in Marshall, Michigan.
The plant, which is wholly owned by Ford, is the first battery plant to be wholly owned by a US automaker and will introduce LFP battery solutions for Ford's electric vehicle products.
The LFP battery plant is expected to start production in 2026 with an initial workforce of 2,500, Ford said last month.
The plant will have an initial design capacity of about 35 GWh per year and could supply power packs for about 400,000 Ford electric vehicles annually.
CATL is the world's largest maker of electric vehicle batteries, with a share far ahead of other peers.
CATL's installed battery volume in January-February was 25.5 GWh, up 34 percent from 19.0 GWh in the same period last year, according to data released yesterday by South Korean market research firm SNE Research.
The Chinese battery giant continues to rank No. 1 with a 33.9 percent share, the only global battery maker with a share of more than 30 percent.
Ford to build $3.5 billion LFP battery plant in Michigan with CATL's technology
The post Tesla seeks to build new battery plant with CATL in US, report says appeared first on CnEVPost.
For more articles, please visit CnEVPost.