$110,000 off-road SUV that can drive sideways will have public debut in April.
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Category: China
Tesla recalls 2,649 more imported Model S in China due to risk of frunk lid opening while driving
The frunk lid of the vehicles in the recall could suddenly open while the vehicle is in motion, increasing the risk of a crash.
(Image credit: CnEVPost)
Tesla has expanded a late 2021 recall to cover more imported Model S electric vehicles due to the risk of their front trunks (frunks) opening unexpectedly while the vehicle is in motion.
Tesla is recalling a total of 2,649 imported Model S vehicles with production dates between October 14, 2015, and August 23, 2020, effective immediately, according to an announcement on China's State Administration for Market Regulation (SAMR) website today.
The recall is an expansion of a recall issued on December 31, 2021, the announcement said.
Vehicles subject to this recall may have a slightly backward alignment of the front trunk latch to the buckle, which does not affect the locking of the primary latch, but may affect the locking of the secondary latch.
If the secondary latch is not locked when the primary latch is accidentally released, the frunk lid may suddenly open while the vehicle is in motion.
If this happens, it will affect the driver's view, increasing the risk of a crash and posing a safety hazard, the announcement said.
Tesla will inspect the secondary locking latch on the frunk lid for the recalled vehicles for free. If the frunk lid is found not to be properly locked by the secondary locking latch, the frunk latch will be repositioned and reinstalled to ensure it is properly positioned.
Owners should drive their vehicles with caution prior to the repair and contact the service center for service as soon as possible after the recall begins, the announcement said.
In the recall announced on December 31, 2021, Tesla recalled 19,697 imported Model S vehicles with production dates between January 21, 2015, and November 18, 2020, because of the risks described above.
In addition, Tesla recalled 35,836 imported Model 3s and 144,208 China-made Model 3s at that time because of the risk of excessive wear on the trunk wiring harness, which could cause the back-up camera to not work properly.
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The eD1 Mini is a cute delivery truck aimed at reducing logistics costs
The eD1 Mini has a 100-km range and a literal desk in the cabin. It has some strong ambitions to reduce the cost of the last-mile delivery.
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First NIO House in Netherlands opens
NIO co-founder and president Qin Lihong attended the ribbon-cutting ceremony for the opening of the NIO House in the Netherlands. | NIO US | NIO HK | NIO SG
(NIO co-founder and president Qin Lihong (first from left) attended the ribbon-cutting ceremony for the opening of the first NIO House in the Netherlands.)
NIO (NYSE: NIO) has opened its first flagship showroom in the Netherlands after the company teased the move earlier this week.
The first NIO House in the Netherlands opened on March 23, and it is located at Meent 80-84 in Rotterdam, the country's second-largest city, according to an article published yesterday in the European edition of the NIO App.
The NO House consists of seven main areas, including a vehicle display area, as well as areas for NIO users to relax and interact with the community.
In the vehicle display area, local visitors can experience NIO's three models, the ET7, EL7 and ET5. The EL7 is known as the ES7 in China.
The opening of the first NIO House in the Netherlands is an important moment for the company, which aims to be more than just electric driving; it welcomes everyone, said Ruben Keuter, general manager of NIO Netherlands.
The first image in the NIO App article shows the company's co-founder and president, Qin Lihong, at the ribbon-cutting ceremony for the opening of the NIO House.
The NIO Houses are NIO's flagship showrooms, which function to display and sell vehicles while providing a space for NIO owners to live a quality lifestyle. The company's showroom also includes the smaller NIO Spaces.
On October 1, 2021, NIO opened its first NIO House in Norway, its first such facility in Europe.
NIO released data on March 1 showing that as of the end of February, it had 101 NIO Houses worldwide, including 99 in China and two in Europe.
As of February 28, NIO had 296 NIO Spaces worldwide, including 290 in China and six overseas.
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Li Auto sees cumulative deliveries exceed 300,000 units
This means Li Auto has seen more than 10,905 deliveries so far this month.
(Image credit: Li Auto)
Li Auto (NASDAQ: LI) saw cumulative vehicle deliveries top 300,000, meaning it has delivered more than 10,000 vehicles so far this month.
Li Auto delivered the Li L9, Li L8 and Li L7 to three owners at its Beijing delivery center on March 24, bringing cumulative deliveries to more than 300,000 vehicles, the company announced today.
Li Auto achieved its 300,000th vehicle delivery in 39 months since it officially began delivering vehicles in December 2019, the fastest among China's homegrown new luxury carmaker brands, it said.
Li Auto delivered 15,141 and 16,620 vehicles in January and February, respectively, for a cumulative total of 289,095 deliveries as of the end of February, according to data monitored by CnEVPost.
The latest development means that as of today, Li Auto has delivered more than 10,905 units so far this month. The company is expected to announce March's delivery figures on April 1.
Li Auto's local peer NIO (NYSE: NIO) saw its 300,000th vehicle delivered in February, but did not publicly market it.
NIO delivered 12,157 vehicles in February, bringing cumulative deliveries through the end of February to 310,219.
Li Auto's models currently on sale have gained close to 20 percent market share in the RMB 300,000 ($43,810)-500,000 price range, making it the luxury SUV brand of choice for families, the company said.
Li Auto's current offerings are all extended-range electric vehicles (EREVs) with an all-electric range of about 200 kilometers and the ability to refuel.
On March 22, William Li, founder, chairman and CEO of NIO, said at a forum that the company had delivered more than 310,000 units as of February this year, accounting for more than 66 percent of the premium EV market in January and February.
All of NIO's current models are pure electric models and are aimed at a market with a price tag of more than RMB 300,000.
Li Auto does not currently have any pure electric models and its first such model will be an MPV, which is expected to be released by the end of the year.
In terms of technology development, Li Auto continues to invest in R&D and has achieved in-house development and production of core components such as range-extender and XCU central domain controller, the company said today.
Li Auto insists on in-house R&D in assisted driving systems and makes models equipped with assisted driving systems as standard, it said.
As of March 23, Li Auto's in-house developed AD smart driving system has accumulated more than 550 million kilometers, including more than 100 million kilometers for the NOA navigation assisted driving system, it said.
($1 = RMB 6.8473)
Li Auto to build charging stations at 'NIO pace', report says
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BYD delivered 12,000 Atto 3 EVs in Thailand
BYD Atto 3 launched in Thailand in October last year
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Zeekr X interior officially unveiled in China with a huge screen
The Zeekr X will be equipped with a 14.6-inch screen that can move to the front passenger. To debut on April 12.
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G6 will be swing factor for XPeng, says Deutsche Bank
The upcoming G6 will need to be successful to make XPeng to be truly relevant again in the market, said Edison Yu's team. | XPeng US | XPeng HK
(XPeng G6 shown in a regulatory filing.)
XPeng (NYSE: XPEV) will officially debut the G6 at next month's Shanghai auto show, and in Deutsche Bank's view, the new SUV's sales performance will be crucial for the electric vehicle maker.
The upcoming G6 will be the swing factor and the model will need to be successful to make XPeng truly relevant in the market again, Deutsche Bank analyst Edison Yu's team said in a research note sent to investors on Wednesday.
XPeng management said during an earnings call earlier this month that the G6 will be unveiled at the Shanghai auto show and will be officially launched and delivered by the end of the second quarter. The Shanghai auto show will be held from April 18 to April 27.
The model is a new energy SUV with a price range of RMB 200,000 ($29,250) - 300,000 and a monthly sales target of 2-3 times that of the P7, XPeng's management said.
That means at least 5,000 units per month of XPeng G6 sales, based on the trailing 6-month average, Yu's team noted.
XPeng will likely price the G6 similarly to the Tesla Model Y, hoping to attract consumers with its sleeker design and updated interior, the team said.
With increased G6 production, XPeng management believes total monthly deliveries could reach 15,000 units at some point in the third quarter, the team noted.
"This seems achievable and we model XPeng reaching this level in Sep," Yu's team wrote.
XPeng management said during a previous earnings call on August 23, 2022, that the company will launch a B-segment car in the first half of 2023 that will compete with the Tesla Model Y.
That model is the G6, and a regulatory filing earlier this month showed that it will come in three versions according to powertrain, including two single-motor versions as well as a dual-motor version. Its battery pack will have both lithium iron phosphate and lithium ternary batteries available.
The XPeng G6 measures 4,753 mm in length, 1,920 mm in width and 1,650 mm in height, with a wheelbase of 2,890 mm. For comparison, the Tesla Model Y measures 4,750 mm in length, 1,921 mm in width and 1,624 mm in height, with a wheelbase of 2,890 mm.
The G6 will have a significantly improved range that will exceed expectations and will have much more interior space than similar offerings from competitors, XPeng chairman and CEO He Xiaopeng said during the earnings call earlier this month.
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XPeng Q4 earnings call: New order intake up 100% in Feb from Jan
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Evergrande NEV warns risks of production halt if it can’t get additional liquidity
Evergrande NEV's only model currently on sale, the Hengchi 5, has delivered more than 900 units, according to an exchange announcement.
(Image credit: CnEVPost)
Evergrande New Energy Vehicle Group (Evergrande NEV), the electric vehicle unit of China Evergrande Group, is at risk of discontinuing production after struggling to deliver hundreds of vehicles.
Evergrande NEV's only model currently on sale, the Hengchi 5, is continuing to be produced in volume, with more than 900 units delivered to date, according to an announcement the company made today on the Hong Kong Stock Exchange website.
In order to focus its financial resources on supporting the mass production of the Hengchi 5, Evergrande NEV has continued its cost-saving initiatives and has taken measures to reduce the workforce of its Swedish subsidiary National Electric Vehicle Sweden AB, according to the announcement.
However, Evergrande NEV will be at risk of shutting down production in the event that additional liquidity is not available, the announcement said.
The group will plan to launch several flagship models if it can seek more than RMB 29 billion ($4.21 billion) in future financing and hopes to get them into mass production, the announcement said.
Under this plan, Evergrande NEV's cumulative unleveraged cash flow from 2023 to 2026 is expected to be between RMB minus 7 billion and RMB minus 5 billion, the announcement said.
Trading of Evergrande NEV's shares in Hong Kong has been suspended since April 1, 2022, and the timing of restarting trading has not yet been determined.
Hengchi 5 is the first model in mass production of Evergrande NEV's Hengchi Auto, which started delivery on October 29, 2022.
The model is currently available in only one version, with a price of RMB 179,000.
On December 2, Reuters reported that Evergrande NEV suspended mass production of the Hengchi 5 due to a lack of sufficient new orders for the SUV.
A Securities Times report at the time cited people close to Hengchi as saying the brand planned to lay off 10 percent of its workers and would suspend payroll to 25 percent of its workers for one to three months.
($1 = RMB 6.8807)
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BYD’s Denza N7 SUV officially presented with French Devialet acoustic system
The Denza N7 officially presented in China with 16 Devialet speakers. It will become the first car to have the Devialet sound system.
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