Daily Archive: March 22, 2023

NIO’s 1st NIO House in Netherlands to open on Mar 23

The House is located in the Rotterdam Centrum neighborhood of Rotterdam, the second largest city in the Netherlands.  |  NIO US | NIO HK | NIO SG

(Image credit: NIO)

NIO (NYSE: NIO) will open its first NIO House in the Netherlands a day later, as the Chinese electric vehicle (EV) maker works to bring its entire service model from China to overseas markets.

NIO's first NIO House in the Netherlands will officially open on March 23 local time, according to a post by Ruben Keuter, general manager of NIO Netherlands, published today on the company's mobile app.

The NIO House is located in Rotterdam, the second largest city in the Netherlands, which is an important port connecting five continents.

NIO Houses is NIO's flagship showroom, which functions as a space to display and sell vehicles while providing a quality lifestyle for NIO owners. The company's showrooms also include the much smaller NIO Spaces.

The NIO House building generally consists of two areas, a display area for vehicle models, and a place with various functions for users.

With the NIO House, NIO hopes to make this lifestyle available to users in every city, so that outsiders will think that buying an NIO vehicle is not just getting a car, but joining a high-end lifestyle group.

The first NIO House in the Netherlands is located in Rotterdam's Rotterdam Centrum neighborhood, next to a new, chic and colorful variety of buildings, according to the article in the NIO App.

On October 1, 2021, NIO opened an NIO House in Norway, its first such facility in Europe.

NIO held the NIO Berlin launch event on October 7 European time, introducing its three latest models to European consumers -- the ET7, EL7 and ET5. The EL7 is known as the ES7 in China.

On October 18, NIO said it made the first ET7 deliveries in Germany and the Netherlands.

On December 1, the first NIO battery swap station in the Netherlands went online. On December 13, NIO announced that its second battery swap station in the Netherlands was put into operation.

Here are some images of Rotterdam shared by NIO.

NIO to launch ET5 shooting brake variant in Europe in June or July, says president

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Neta sending 3,600 EVs to Thailand

This is the largest single export to date for the new Chinese carmaker. The V has already accumulated over 2,000 deliveries in Thailand.

(Image credit: Neta)

Chinese electric vehicle (EV) maker Neta Automobile is sending thousands of EVs to Thailand as it ramps up its efforts in Southeast Asia.

On March 21, 3,600 Neta V EVs began shipping at Guangzhou's Nansha port, the largest single export to date by a new Chinese carmaker, Neta said in a press release today.

The vehicles will be shipped to Thailand, where Neta V has already accumulated more than 2,000 deliveries and ranked second on the list of pure electric model license plate registrations for 2 consecutive months, Neta said.

Neta announced the launch of the right-hand-drive version of the Neta V at a launch event in Thailand on August 24, 2022, as its first model offered there.

Neta said at the time that it had 25 authorized dealers in Thailand and that number would reach 30 by the end of 2022. Its press release today did not mention the company's latest number of dealers in Thailand.

To date, Neta has established a European division, a Thai subsidiary, launched three overseas products including Neta U global version, Neta V global version and Neta V right-hand drive version, and has a presence overseas across ASEAN, South Asia and Middle East markets, it said.

Neta currently sells the Neta V, Neta U-II and Neta S in China, which start at RMB 83,900 ($12,190), 135,800 and 242,800 respectively.

The company delivered 7,117 vehicles in February, up 255 percent from a year earlier, but down 35 percent from 11,009 units in January, data released by the company earlier in the month showed.

On March 10, Neta laid the groundbreaking for its plant in Bangkok, Thailand, which will be its main manufacturing base for building right-hand drive electric vehicles for export to ASEAN.

The plant is Neta's first overseas factory and the first in Thailand for a new Chinese carmaker.

When completed, the plant will have a capacity of 20,000 units per year and is expected to be operational by the end of January 2024, Neta said earlier this month.

Neta plans to expand its overseas operations to more regions including the Middle East and the European Union, making it a brand that consumers around the world recognize and trust, company co-founder and CEO Zhang Yong said at the groundbreaking ceremony for the Thai plant.

As competition in China's EV market grows fiercer, many local car companies have stepped up efforts to expand into overseas markets.

Neta's latest export is the ninth batch of NEVs to be exported from Guangzhou's Nansha Free Trade Pilot Zone this year, according to a report by state-owned CCTV today.

So far this year, the Nansha pilot zone has exported 7,251 NEVs, up more than 33 times year-on-year, according to the report.

($1 = RMB 6.8847)

Neta starts construction of its first overseas plant in Thailand, with planned annual capacity of 20,000 units

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The New Normal in Energy Systems

In this time of rapid change, that which was new, different, not normal, is now the new normal. Can we drop the title “green” energy and just call it energy? Electric cars are not just greener, they are better technology than internal combustion engine vehicles, just as the Ford Model T was better than a […]

NIO CFO says confident of meeting this year’s sales target

That will be achieved through new models, expanding the company's charging and battery swap network, and unlocking technology, the CFO said.  |  NIO US | NIO HK | NIO SG

An NIO (NYSE: NIO) executive re-emphasized the electric vehicle (EV) maker's confidence that it will meet its goal of doubling sales this year, at a time when the Chinese auto industry has been weak overall so far this year.

"We are very confident to achieve our sales target in 2023," NIO CFO Steven Feng said in an interview with Bloomberg TV today.

That will be achieved through new models, expanding the company's charging and battery swap network, and unlocking self-driving technology, Feng said.

NIO delivered a total of 122,486 vehicles in 2022, up 34 percent from 91,429 vehicles in 2021.

William Li, the company's founder, chairman and CEO, said during a March 1 analyst call after NIO reported its fourth-quarter earnings that the company aims to see sales double this year compared with last year.

"Our team is very confident in that," Li said at the time.

If raw material prices fall in line with current trends, and without considering the investment in innovative businesses, NIO could still be profitable in the fourth quarter of this year, Li said earlier.

Feng mentioned in the interview with Bloomberg TV today that the company is "confident" of breaking even at the group level next year.

Strong revenue growth and tighter expenses are key to improving profitability, he said.

Feng also mentioned the ongoing price war in the auto industry in the interview, saying it showed there were too many carmakers in China.

"We expect the industry to go through some profound consolidation," Feng said."It's almost consensus that China now has too many automakers, but we have no plan to buy anyone."

NIO's shares traded in Hong Kong surged in early trading today, rising more than 7 percent to HK$74.25 at press time, bringing its gains over the past two days to about 17 percent.

Sales performance in China's auto market has been weak overall so far this year, with cumulative retail sales of all passenger vehicles from January to February at 2.68 million units, down 19.8 percent year-on-year, according to data released earlier this month by the China Passenger Car Association (CPCA).

Retail sales of NEVs in China in the first two months were 770,000 units, up 23.31 percent year-on-year.

China's auto market remained weak heading into March, and the ongoing price war has brought disruptions to the sector.

In terms of insurance registrations, China's passenger car sales for the month were 630,000 units as of March 19, down 2.53 percent year-on-year, according to data monitored by CnEVPost.

Among them, insurance registrations of NEVs for the month were 220,000 units, up 12.34 percent year-on-year.

China NEV insurance registrations for week ending Mar 19: BYD 38,414, Tesla 18,712, NIO 1,775

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BYD to use Nvidia Orin chips in its next-gen EV models

and are already using Nvidia DRIVE Orin chips in their smart driving systems, with NIO even having its third-generation battery swap stations equipped with two of the chips.  |  BYDDY.US | HK

(Image credit: Nvidia)

BYD (OTCMKTS: BYDDY) will use Nvidia's DRIVE Orin chips in its next-generation models, making it the latest Chinese new energy vehicle (NEV) maker to use the US chip giant's smart-driving chips.

Nvidia is enhancing its partnership with BYD, which will use the DRIVE Orin system-on-chip (SoC) across the multiple models of its next-generation Dynasty and Ocean series vehicles, according to a press release from the US chip giant yesterday.

Nvidia and BYD share the belief that future cars will be programmable, evolving from being based on many embedded controllers to high-performance centralized computers -- with functionalities delivered and enhanced through software updates over the life of the car, the release said.

Nvidia's press release provided no further details on BYD's plans to use the DRIVE Orin chips. BYD's product matrix includes the Dynasty and Ocean series, with dozens of models.

Several Chinese electric vehicle (EV) makers are already using Nvidia's DRIVE Orin chips to power the vehicles' assisted driving systems.

All of NIO's (NYSE: NIO) models based on the latest NT 2.0 platform come standard with the NIO Adam supercomputer, which is built on four DRIVE Orin chips and has more than 1,000 TOPS of computing power.

Orin is the world's highest-performance, most advanced processor for vehicles and robots, offering up to 254 TOPS to handle a large number of applications and deep neural networks running simultaneously in autonomous vehicles and robots, Nvidia said following the launch of NIO ET5 in late 2021.

In addition to using the DRIVE Orin chip in vehicles, NIO is equipping the third-generation battery swap station with 2 Nvidia Orin chips for a total computing power of 508 TOPS.

Li Auto (NASDAQ: LI) also uses two Nvidia Orin X chips in its AD Max smart driving system, and its AD Pro system uses the Journey 5 chips from local Chinese supplier Horizon Robotics.

Back to BYD, the NEV maker announced on March 23 last year that it had entered into a partnership with Nvidia on smart driving technology to equip some of its NEVs with the Nvidia DRIVE Hyperion platform for smart driving and smart parking of vehicles starting in the first half of 2023.

BYD's NEVs will use the Nvidia DRIVE Orin chip as a centralized computing and AI engine for autonomous driving and smart cockpit features, according to the company's press release at the time.

On January 4 of this year, BYD announced that it was working with Nvidia to bring Nvidia GeForce NOW cloud gaming streaming to its vehicles.

BYD is the largest NEV maker in China, selling 1,863,494 NEVs in 2022, up 208.64 percent year-on-year.

The company sold 193,655 NEVs in February, up 27.96 percent from 151,341 units in January and 119.36 percent from 88,283 units a year earlier, data it released earlier in the month showed.

BYD working with Nvidia to bring GeForce NOW cloud gaming to its vehicles

The post BYD to use Nvidia Orin chips in its next-gen EV models appeared first on CnEVPost.

For more articles, please visit CnEVPost.

BYD to use Nvidia Orin chips in its next-gen EV models

and are already using Nvidia DRIVE Orin chips in their smart driving systems, with NIO even having its third-generation battery swap stations equipped with two of the chips.  |  BYDDY.US | HK

(Image credit: Nvidia)

BYD (OTCMKTS: BYDDY) will use Nvidia's DRIVE Orin chips in its next-generation models, making it the latest Chinese new energy vehicle (NEV) maker to use the US chip giant's smart-driving chips.

Nvidia is enhancing its partnership with BYD, which will use the DRIVE Orin system-on-chip (SoC) across the multiple models of its next-generation Dynasty and Ocean series vehicles, according to a press release from the US chip giant yesterday.

Nvidia and BYD share the belief that future cars will be programmable, evolving from being based on many embedded controllers to high-performance centralized computers -- with functionalities delivered and enhanced through software updates over the life of the car, the release said.

Nvidia's press release provided no further details on BYD's plans to use the DRIVE Orin chips. BYD's product matrix includes the Dynasty and Ocean series, with dozens of models.

Several Chinese electric vehicle (EV) makers are already using Nvidia's DRIVE Orin chips to power the vehicles' assisted driving systems.

All of NIO's (NYSE: NIO) models based on the latest NT 2.0 platform come standard with the NIO Adam supercomputer, which is built on four DRIVE Orin chips and has more than 1,000 TOPS of computing power.

Orin is the world's highest-performance, most advanced processor for vehicles and robots, offering up to 254 TOPS to handle a large number of applications and deep neural networks running simultaneously in autonomous vehicles and robots, Nvidia said following the launch of NIO ET5 in late 2021.

In addition to using the DRIVE Orin chip in vehicles, NIO is equipping the third-generation battery swap station with 2 Nvidia Orin chips for a total computing power of 508 TOPS.

Li Auto (NASDAQ: LI) also uses two Nvidia Orin X chips in its AD Max smart driving system, and its AD Pro system uses the Journey 5 chips from local Chinese supplier Horizon Robotics.

Back to BYD, the NEV maker announced on March 23 last year that it had entered into a partnership with Nvidia on smart driving technology to equip some of its NEVs with the Nvidia DRIVE Hyperion platform for smart driving and smart parking of vehicles starting in the first half of 2023.

BYD's NEVs will use the Nvidia DRIVE Orin chip as a centralized computing and AI engine for autonomous driving and smart cockpit features, according to the company's press release at the time.

On January 4 of this year, BYD announced that it was working with Nvidia to bring Nvidia GeForce NOW cloud gaming streaming to its vehicles.

BYD is the largest NEV maker in China, selling 1,863,494 NEVs in 2022, up 208.64 percent year-on-year.

The company sold 193,655 NEVs in February, up 27.96 percent from 151,341 units in January and 119.36 percent from 88,283 units a year earlier, data it released earlier in the month showed.

BYD working with Nvidia to bring GeForce NOW cloud gaming to its vehicles

The post BYD to use Nvidia Orin chips in its next-gen EV models appeared first on CnEVPost.

For more articles, please visit CnEVPost.

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