Tagged: China

NIO to officially launch new ES6 on May 24, delivery to start next day

The new ES6 will be officially launched on May 24, with test drives available on the same day and deliveries starting on May 25, NIO said today.

NIO to officially launch new ES6 on May 24, delivery to start next day-CnEVPost

(Image credit: CnEVPost)

NIO (NYSE: NIO) will officially launch the new ES6 SUV in China next Wednesday, and deliveries will begin the next day, making it the fastest model from launch to delivery.

The new ES6 will be officially launched on May 24, with test drives available on the same day and deliveries starting on May 25, the company announced today on its mobile app.

The model is available for pre-order now, and consumers who pay a RMB 5,000 ($720) pre-order deposit before its official launch and convert those payments into a non-refundable deposit by July 31 will receive a Moon-themed exterior package and orange caliper worth RMB 8,000 and NOP+ two years free access worth RMB 9,120.

NIO has not announced any more information about the new ES6 based on its latest NT 2.0 platform, and its pricing is expected to be known on May 24.

It is not clear whether NIO will hold an offline launch of the new ES6 or whether the model will be launched only at an online event.

NIO to officially launch new ES6 on May 24, delivery to start next day-CnEVPost

(Image credit: NIO)

NIO officially unveiled the 2023 ET7 sedan at a brief launch event on the first day of the Shanghai auto show on April 18, and allowed an improved version of the ES6 SUV based on the NT 2.0 platform to make its debut.

The older 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, 426,000 and 496,000 respectively.

On May 11, NIO asked its community for opinions on the pricing of the new ES6, and a questionnaire at the time offered six options: under RMB 368,000, RMB 368,000, RMB 378,000, RMB 338,000, RMB 398,000, and above RMB 398,000.

For NIO, the new ES6 will be a model of strategic importance, as it will be the least expensive of NIO's SUVs. The move underscores the high hopes it has for the model's sales prospects.

From January to August 2022, 32,877 units of the ES6 were delivered, contributing 46 percent of NIO's total deliveries of 71,556 units for 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.

NIO's announcement today of the launch date for the new ES6 confirms a rumor from earlier this month.

Local auto industry media D1EV reported on May 4 that the new ES6 will be officially launched on May 24, and that show cars of the model will be available in NIO stores starting on the launch day.

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

($1 = RMB 6.9582)

NIO asks its community for advice on pricing of new ES6

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BYD secures new land in Guangdong for NEV projects

Since October 2021, BYD has acquired five mega industrial sites in the Shenzhen-Shanwei Special Cooperation Zone, with a combined area of more than 4.1 million square meters.

BYD secures new land in Guangdong for NEV projects-CnEVPost

(Image credit: CnEVPost)

BYD (OTCMKTS: BYDDY) has secured a new land parcel in Guangdong to prepare for its construction of new projects.

On May 15, a plot of land of more than 520,000 square meters in Shenzhen's Shenzhen-Shanwei Special Cooperation Zone was acquired by BYD for RMB 376 million ($5.4 million), according to an announcement by the local government yesterday.

This is the fifth mega industrial site BYD has acquired in the special cooperation zone, which will be used to build BYD's automotive industrial park projects, according to the announcement.

Shenzhen-Shanwei Special Cooperation Zone is an enclave of Shenzhen, located in Shanwei city, Guangdong province, but managed by Shenzhen, the first special cooperation zone in China.

BYD has been granted a land area of 522,400 square meters, with a building area of 1.12 million square meters and a land use term of 30 years.

BYD secures new land in Guangdong for NEV projects-CnEVPost

(The 5th plot of land acquired by BYD in Shenzhen-Shanwei Special Cooperation Zone.)

Since October 2021, BYD has been granted five mega industrial sites in the Shenzhen-Shanwei Special Cooperation Zone, with a combined area of over 4.1 million square meters.

These sites will all be used for BYD's automotive industrial park projects, which are important for the zone to create an industrial pattern with a new energy vehicle (NEV) industry as the main focus, complemented by new energy storage, new materials and intelligent manufacturing robots, the local government's announcement said.

The first and second phases of BYD's project here have a total investment of RMB 25 billion, and the annual output value is expected to exceed RMB 110 billion when all production is reached, according to the announcement.

In June last year, BYD acquired a plot of land with an area of over 554,500 square meters in the special cooperation zone for RMB 403 million, which will be used for the first phase of the local BYD industrial park.

The first phase of the project, with a planned total investment of RMB 5 billion, will mainly produce auto parts and is expected to have an annual output value of about RMB 10 billion and 18,000 employees after it goes into operation, according to a report by Shenzhen Economic Daily at the time.

($1= RMB 6.9525)

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

The post BYD secures new land in Guangdong for NEV projects appeared first on CnEVPost.

For more articles, please visit CnEVPost.

BYD secures new land in Guangdong for NEV projects

Since October 2021, BYD has acquired five mega industrial sites in the Shenzhen-Shanwei Special Cooperation Zone, with a combined area of more than 4.1 million square meters.

BYD secures new land in Guangdong for NEV projects-CnEVPost

(Image credit: CnEVPost)

BYD (OTCMKTS: BYDDY) has secured a new land parcel in Guangdong to prepare for its construction of new projects.

On May 15, a plot of land of more than 520,000 square meters in Shenzhen's Shenzhen-Shanwei Special Cooperation Zone was acquired by BYD for RMB 376 million ($5.4 million), according to an announcement by the local government yesterday.

This is the fifth mega industrial site BYD has acquired in the special cooperation zone, which will be used to build BYD's automotive industrial park projects, according to the announcement.

Shenzhen-Shanwei Special Cooperation Zone is an enclave of Shenzhen, located in Shanwei city, Guangdong province, but managed by Shenzhen, the first special cooperation zone in China.

BYD has been granted a land area of 522,400 square meters, with a building area of 1.12 million square meters and a land use term of 30 years.

BYD secures new land in Guangdong for NEV projects-CnEVPost

(The 5th plot of land acquired by BYD in Shenzhen-Shanwei Special Cooperation Zone.)

Since October 2021, BYD has been granted five mega industrial sites in the Shenzhen-Shanwei Special Cooperation Zone, with a combined area of over 4.1 million square meters.

These sites will all be used for BYD's automotive industrial park projects, which are important for the zone to create an industrial pattern with a new energy vehicle (NEV) industry as the main focus, complemented by new energy storage, new materials and intelligent manufacturing robots, the local government's announcement said.

The first and second phases of BYD's project here have a total investment of RMB 25 billion, and the annual output value is expected to exceed RMB 110 billion when all production is reached, according to the announcement.

In June last year, BYD acquired a plot of land with an area of over 554,500 square meters in the special cooperation zone for RMB 403 million, which will be used for the first phase of the local BYD industrial park.

The first phase of the project, with a planned total investment of RMB 5 billion, will mainly produce auto parts and is expected to have an annual output value of about RMB 10 billion and 18,000 employees after it goes into operation, according to a report by Shenzhen Economic Daily at the time.

($1= RMB 6.9525)

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

The post BYD secures new land in Guangdong for NEV projects appeared first on CnEVPost.

For more articles, please visit CnEVPost.

BYD secures new land in Guangdong for NEV projects

Since October 2021, BYD has acquired five mega industrial sites in the Shenzhen-Shanwei Special Cooperation Zone, with a combined area of more than 4.1 million square meters.

BYD secures new land in Guangdong for NEV projects-CnEVPost

(Image credit: CnEVPost)

BYD (OTCMKTS: BYDDY) has secured a new land parcel in Guangdong to prepare for its construction of new projects.

On May 15, a plot of land of more than 520,000 square meters in Shenzhen's Shenzhen-Shanwei Special Cooperation Zone was acquired by BYD for RMB 376 million ($5.4 million), according to an announcement by the local government yesterday.

This is the fifth mega industrial site BYD has acquired in the special cooperation zone, which will be used to build BYD's automotive industrial park projects, according to the announcement.

Shenzhen-Shanwei Special Cooperation Zone is an enclave of Shenzhen, located in Shanwei city, Guangdong province, but managed by Shenzhen, the first special cooperation zone in China.

BYD has been granted a land area of 522,400 square meters, with a building area of 1.12 million square meters and a land use term of 30 years.

BYD secures new land in Guangdong for NEV projects-CnEVPost

(The 5th plot of land acquired by BYD in Shenzhen-Shanwei Special Cooperation Zone.)

Since October 2021, BYD has been granted five mega industrial sites in the Shenzhen-Shanwei Special Cooperation Zone, with a combined area of over 4.1 million square meters.

These sites will all be used for BYD's automotive industrial park projects, which are important for the zone to create an industrial pattern with a new energy vehicle (NEV) industry as the main focus, complemented by new energy storage, new materials and intelligent manufacturing robots, the local government's announcement said.

The first and second phases of BYD's project here have a total investment of RMB 25 billion, and the annual output value is expected to exceed RMB 110 billion when all production is reached, according to the announcement.

In June last year, BYD acquired a plot of land with an area of over 554,500 square meters in the special cooperation zone for RMB 403 million, which will be used for the first phase of the local BYD industrial park.

The first phase of the project, with a planned total investment of RMB 5 billion, will mainly produce auto parts and is expected to have an annual output value of about RMB 10 billion and 18,000 employees after it goes into operation, according to a report by Shenzhen Economic Daily at the time.

($1= RMB 6.9525)

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

The post BYD secures new land in Guangdong for NEV projects appeared first on CnEVPost.

For more articles, please visit CnEVPost.

BYD secures new land in Guangdong for NEV projects

Since October 2021, BYD has acquired five mega industrial sites in the Shenzhen-Shanwei Special Cooperation Zone, with a combined area of more than 4.1 million square meters.

BYD secures new land in Guangdong for NEV projects-CnEVPost

(Image credit: CnEVPost)

BYD (OTCMKTS: BYDDY) has secured a new land parcel in Guangdong to prepare for its construction of new projects.

On May 15, a plot of land of more than 520,000 square meters in Shenzhen's Shenzhen-Shanwei Special Cooperation Zone was acquired by BYD for RMB 376 million ($5.4 million), according to an announcement by the local government yesterday.

This is the fifth mega industrial site BYD has acquired in the special cooperation zone, which will be used to build BYD's automotive industrial park projects, according to the announcement.

Shenzhen-Shanwei Special Cooperation Zone is an enclave of Shenzhen, located in Shanwei city, Guangdong province, but managed by Shenzhen, the first special cooperation zone in China.

BYD has been granted a land area of 522,400 square meters, with a building area of 1.12 million square meters and a land use term of 30 years.

BYD secures new land in Guangdong for NEV projects-CnEVPost

(The 5th plot of land acquired by BYD in Shenzhen-Shanwei Special Cooperation Zone.)

Since October 2021, BYD has been granted five mega industrial sites in the Shenzhen-Shanwei Special Cooperation Zone, with a combined area of over 4.1 million square meters.

These sites will all be used for BYD's automotive industrial park projects, which are important for the zone to create an industrial pattern with a new energy vehicle (NEV) industry as the main focus, complemented by new energy storage, new materials and intelligent manufacturing robots, the local government's announcement said.

The first and second phases of BYD's project here have a total investment of RMB 25 billion, and the annual output value is expected to exceed RMB 110 billion when all production is reached, according to the announcement.

In June last year, BYD acquired a plot of land with an area of over 554,500 square meters in the special cooperation zone for RMB 403 million, which will be used for the first phase of the local BYD industrial park.

The first phase of the project, with a planned total investment of RMB 5 billion, will mainly produce auto parts and is expected to have an annual output value of about RMB 10 billion and 18,000 employees after it goes into operation, according to a report by Shenzhen Economic Daily at the time.

($1= RMB 6.9525)

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

The post BYD secures new land in Guangdong for NEV projects appeared first on CnEVPost.

For more articles, please visit CnEVPost.

NIO EC7 and ET5 wait times get slightly longer

Wait times for the EC7 have changed from about 5 weeks to 5-7 weeks, and for the ET5 from about 2 weeks to 2-3 weeks.

NIO EC7 and ET5 wait times get slightly longer-CnEVPost

(Image credit: CnEVPost)

NIO's (NYSE: NIO) EC7 coupe SUV and the ET5 sedan saw slightly longer wait times in China after the information for the ES7 SUV saw a similar change a week ago.

The EC7's current expected delivery date is 5-7 weeks, up from about 5 weeks previously, information from the NIO App monitored by CnEVPost shows.

The last change in the model's wait time information was on April 28, when it changed from about 4 weeks to about 5 weeks.

The EC7 was launched on NIO Day 2022, December 24, 2022, and NIO announced plans at the time that deliveries of the EC7 would begin in May.

On April 28, NIO EC7 started delivery, slightly ahead of the original plan.

The EC7 is NIO's second coupe SUV after the EC6, with a wind resistance coefficient of only 0.23 Cd, which NIO said is the lowest among mass-produced SUVs worldwide.

In addition to the EC7, the ET5 also has a slightly longer wait time.

The current expected delivery date for the ET5 is 2-3 weeks, slightly higher than the previous time of about 2 weeks. On April 10, the wait time for the sedan was reduced from about 3 weeks to about 2 weeks.

NIO EC7 and ET5 wait times get slightly longer-CnEVPost

NIO's website and app currently showcase seven models -- the new ES8, ES7, new ES6, EC7, EC6, ET7, and ET5.

In the vehicle configurator of the NIO App, there are 5 models available -- new ES8, ES7, EC7, ET7, ET5. The configurator of the new ES6 and EC6 based on the NT 1.0 platform is not available.

Wait time information for all other NIO models remains unchanged, with the new ES8 still showing deliveries expected to begin in June, the ES7 wait time at about 4 weeks, and the ET7 at about 3 weeks.

The last change in wait times for NIO models was on May 9, when the expected delivery date for the ES7 went from about 3 weeks to about 4 weeks.

NIO model wait time update: EC7 and ET5 become longer

The post NIO EC7 and ET5 wait times get slightly longer appeared first on CnEVPost.

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Prominent economist suggests China ban fuel car sales in 5 years

Independent economist Ren Zeping has suggested that China introduce a timetable to ban the sale of fuel cars within five years and have regions south of Hebei actively develop the new energy sector.

(Image credit: CnEVPost)

A prominent economist is proposing that China should ban the sale of conventional fuel cars within five years, sparking widespread discussion on social media.

Independent economist Ren Zeping said on Weibo today that he suggested China introduce a timetable for a ban on fuel cars within five years and for the region south of Hebei to actively develop the new energy sector.

He hinted that this is a move China needs to make to reach its carbon peak and carbon-neutral targets, as well as to expand domestic demand.

The words have generated a lot of discussions, with many opposing voices in the Weibo comments section, some of whom say that fuel car production and sales could also expand domestic demand.

Ren used to work for China's national think tank, as chief macro analyst at Guotai Junan and chief economist at Evergrande Group. He is currently an independent economist and has set up his own studio.

China does not currently have a national timetable for banning fuel cars, although the southernmost province of Hainan did so last year.

A carbon peak implementation plan released by the provincial government on August 22, 2022, said that by 2030, the sale of fuel cars will be completely banned across Hainan.

By then, vehicles in Hainan's public services and operations will be fully powered by clean energy, except for special uses, the plan said, adding that 100 percent of new and replacement vehicles in the private sector will be new energy vehicles (NEVs).

The document does not specify, though in China, NEVs generally refer to pure electric vehicles, plug-in hybrids and fuel cell cars.

China previously set a goal of seeing NEVs contribute 25 percent of all new vehicle sales by 2025, but that goal was met ahead of schedule last year.

For the full year 2022, China sold 5.67 million new energy passenger vehicles at retail, contributing 27.6 percent of all passenger vehicle retail sales of 20.54 million units, according to the China Passenger Car Association (CPCA).

In April, China's retail sales of new energy passenger cars were 527,000 units, with a penetration rate of 32.3 percent.

By December 2025, NEVs will account for more than 80 percent of all new vehicle sales in China, Li Xiang, founder, chairman and CEO of (NASDAQ: LI), said on April 24.

Ren has previously posted bullish comments on China's NEV industry, saying on December 31, 2021, that the NEV industry will be the most promising replacement for the real estate, heavy industry and chemical sectors as the most important engine of growth for China's economy.

The NEV industry was growing at a rate of several times, bringing a fast-growing penetration rate, while taking into account the market size of the industries associated with it, a large number of fuel vehicles will be replaced by NEVs in the next decade or longer, he said at the time.

China's Hainan to completely ban sales of ICE vehicles by 2030

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Li Auto puts 2nd batch of 6 supercharging stations into operation

To date, Li Auto has 13 supercharging stations and aims to have more than 300 by the end of the year.  |  Li Auto US | Li Auto HK

(Image credit: Li Auto)

Li Auto (NASDAQ: LI) is continuing to build out its charging system, bringing a second batch of supercharging stations into operation.

The automaker's six 4C supercharging stations went live today, and they're all located in highway service areas in Hangzhou, Zhejiang, Jinan, Shandong and Dongguan, Guangdong, it said today on Weibo.

Li Auto opened the first seven 4C supercharging stations for trial operation on April 20. As of now, the company's supercharging stations reach 13.

All of Li Auto's currently available models are extended-range electric vehicles (EREVs), which are essentially plug-in hybrids.

The company unveiled its all-electric solution on April 18, the first day of the Shanghai auto show, which is based on an 800 V high-voltage platform capable of giving a battery electric vehicle (BEV) a 400 km range on a 10-minute charge.

By 2025, Li Auto's product array will include a super flagship model, five EREVs, and five BEVs, the company said.

Li Auto's first all-electric model will be the world's first to feature 's 4C Qilin Battery, it previously said.

C refers to the battery's charge multiplier, and 4C means that the pack could theoretically be fully charged in a quarter of an hour.

By the end of May, Li Auto's first 25 supercharging stations will open for trial operation and be available to all electric vehicle owners, it announced on April 18.

Each station will be equipped with three regular fast-charging piles and one 4C super-fast charging post, it said.

These 4C charging piles will have a maximum power of 480 kW and 2C charging piles will have a maximum power of 250 kW. 2C charging piles will allow vehicles to go from 20 percent to 80 percent in 30 minutes, the company said at the time.

By the end of this year, Li Auto will have built more than 300 supercharging stations along highways, it said.

By 2025, Li Auto will have 3,000 charging stations, covering 90 percent of China's highway miles and major cities, the company said.

Earlier today, NIO (NYSE: NIO) announced it had put eight new battery swap stations into operation, bringing the total to 1,403.

As of May 15, NIO also had 2,580 charging stations in China, offering 15,312 charging piles.

As of March 1, 's (NYSE: XPEV) charging network included 1,948 charging stations, of which 1,018 were operated by the company, according to the latest information on its website.

NIO exceeds 1,400 swap stations in China

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Alibaba backtracks on autonomous driving R&D

Alibaba's DAMO Academy's autonomous driving lab will lay off about 70 percent of its staff, while others will be transferred to the e-commerce giant's logistics arm, according to local media.

Alibaba backtracks on autonomous driving R&D-CnEVPost

(Image credit: DAMO Academy)

Alibaba, one of China's most powerful tech giants, is backing away from autonomous driving research and development, highlighting the challenges facing the field.

Alibaba's DAMO Academy no longer retains its autonomous driving business and team, which was merged into its logistics unit Cainiao, the Shanghai Securities News said in a report today, citing people from the e-commerce giant.

This means that Alibaba's autonomous driving business is entering a whole new phase of moving from cutting-edge tech exploration in the lab to applications in real-world scenarios, the report noted.

The Shanghai Securities News report did not provide more information, but according to a subsequent report by Jiemian, another local media outlet, not all of DAMO Academy's autonomous driving business was merged into Cainiao, but rather a significant layoff will be made.

DAMO Academy's autonomous driving lab previously had more than 300 people, with 80-90 receiving the option to move to work at Cainiao, while about 200 others, or about 70 percent, will be laid off, according to Jiemian.

One of the key reasons Cainiao was unable to take on all members of the team was the limited investment it was willing to make, the report said, citing an Alibaba insider.

The team that will be incorporated into Cainiao will be primarily responsible for keeping the autonomous driving robot Xiaomanlv, or little donkeys, in business and will not do much expansion, the report said.

Xiaomanlv is an L4 autonomous driving product launched by DAMO Academy's autonomous driving lab in September 2020 to serve the last three kilometers of delivery, take-out and fresh food delivery.

To date, the autonomous driving robot has entered more than 200 universities and communities, with a fleet size exceeding 500 vehicles.

It is worth noting that DAMO Academy's self-driving lab has undergone previous management changes.

In January 2022, the lab's then-head, Wang Gang, left after three years on board. In March this year, his successor, Chen Junbo, also left after one year in the position.

Alibaba's move underscores the huge challenges facing autonomous driving R&D.

At the end of March, BYD chairman and president Wang Chuanfu said at an earnings meeting that autonomous driving is nonsense that comes out of capital coercion.

BYD has more than 600,000 employees, and the company can't even replace all its workers with machines, because the machines can't simulate every scenario of manual operation, he said.

"It's not even possible to do unattended work on a fixed production line, let alone the ever-changing actual road conditions," Wang said at the time.

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