Tagged: China

Neta taps into Malaysian EV market with local launch of Neta V

Prior to entering Malaysia, Neta's efforts in Southeast Asia focused on Thailand and began construction of a Thai factory in March.

Neta taps into Malaysian EV market with local launch of Neta V-CnEVPost

(Image credit: Neta)

Neta Auto, the electric vehicle (EV) brand of Hozon Auto, has entered Malaysia as it ramps up its efforts to expand into the Southeast Asian EV market.

Neta recently officially launched the right-hand drive version of its compact SUV Neta V for local consumers at Malaysia's largest auto show, according to a press release from the company yesterday.

Several Malaysian government officials attended the Neta V launch, according to Neta, whose press release did not announce a local price or expected delivery schedule for the model.

Neta taps into Malaysian EV market with local launch of Neta V-CnEVPost

Neta has been seen as a budget EV maker since its inception, as its vehicles are priced primarily for the lower-end market.

The Neta V and Neta U are priced in China at around 100,000 yuan ($14,390) to 150,000 yuan. The company is looking to enter the higher end of the market in China with the higher-priced Neta S flagship sedan.

Neta taps into Malaysian EV market with local launch of Neta V-CnEVPost

Prior to entering Malaysia, Neta's efforts in Southeast Asia were focused on Thailand.

On August 24, 2022, the right-hand drive version of the Neta V was launched in Thailand, its first model offered there.

On March 10 this year, Neta laid the foundation stone for its plant in Bangkok, Thailand, which will be its main manufacturing base for building right-hand-drive EVs for export to ASEAN.

The plant, Neta's first overseas plant, will have a capacity of 20,000 units/year when completed and is expected to be operational by the end of January 2024.

Neta plans to expand its overseas business to more regions such as the Middle East and the European Union, making it a brand recognized and trusted by consumers around the world, said Zhang Yong, co-founder and CEO of the company, at the groundbreaking ceremony for the Thai plant.

To date, Neta already has a European division, a Thai subsidiary and has launched three products for overseas markets, including the Neta V right-hand drive version, it said in the press release yesterday.

Neta delivered 11,080 vehicles in April, which was up 25.72 percent from 8,813 units in the same month last year and up 9.84 percent from 10,087 units in March, the company announced on May 1.

The flagship Neta S delivered 2,237 units in April, up 1.41 percent from 2,206 units in March, according to the company.

Neta has a sales target of 300,000 units in 2023, local media China Securities Journal reported on February 7.

The EV maker sold 152,073 units in 2022, up 118 percent year-on-year, including 3,456 units delivered overseas, according to data it previously announced.

($1 = RMB 6.9487)

Neta sending 3,600 EVs to Thailand

The post Neta taps into Malaysian EV market with local launch of Neta V appeared first on CnEVPost.

For more articles, please visit CnEVPost.

BYD’s Tesla FSD-like feature said to be available in Q3

BYD's advanced driver-assistance system, called DNP, will be available on the new Han sedan in the third quarter, according to local media.

(Image credit: CnEVPost)

BYD (OTCMKTS: BYDDY) is a rare exception in China's electric vehicle (EV) space, not marketing its assisted driving capabilities much.

While this seems to have had no impact on its sales, it has left some with the impression that it lags behind in smart driving technology.

Now, a new report said BYD actually has technology built up in this area and will launch a feature similar to 's FSD (Full Self-Driving) later this year.

BYD's advanced driver-assistance system will be available on the new Han sedan in the third quarter, giving the model the ability of pilot-assisted driving on the highway, local auto media HiEV said in a report today.

BYD's system is called DNP, and after the Han, it will also be available for some models of the Tang and Song of the Dynasty series, according to the report.

In addition to these models, BYD's higher-positioned brands including Denza, F brand and Yangwang will also be equipped with advanced smart driving features, the report said.

The first BYD advanced assisted driving solution available for Han models will be based on the Journey 5 chip from local chipmaker Horizon Robotics, according to the report.

Horizon Robotics is a leading provider of intelligent driving system solutions in China, and is using its chips in some of its models, and use Nvidia chips in others.

Some models of BYD's Dynasty and Ocean series will also use the Nvidia DRIVE Orin computing platform to create assisted driving systems, the HiEV report noted.

On March 23, BYD announced 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, as previously reported by CnEVPost.

Notably, on December 27 last year, BYD announced that it had established a joint venture with autonomous driving unicorn Momenta, officially kicking off a long-term partnership between the two companies to develop high-level intelligent driving technology.

Momenta, an industry-leading autonomous driving company, will further boost BYD's rapid breakthrough and mass production in the field of intelligent driving, BYD's announcement at the time said.

The high trim version of Denza N7 is equipped with city pilot assisted driving function, with 2 RoboSense LiDARs and an Nvidia Orin X chip, with some of the system's algorithms provided by Momenta, according to HiEV's report today.

The Denza N7 will have basic L2 assisted driving features when it goes on sale in June, with other more advanced features to be released later, the report said, citing a Denza insider.

For the Yangwang brand, which is positioned above Denza, its first model, the U8, is equipped with three LiDARs, while the autonomous driving computing platform uses an Nvidia Orin chip, according to the report.

The Yangwang U8 is priced similarly to the Lotus Eletre with its smart driving solution, and both will have highway as well as city road pilot-assisted driving capabilities, the report said.

Earlier today, another local media outlet, 36kr, reported that BYD's smart driving R&D system is rapidly adjusting and the company is planning to conduct its own smart driving chip design.

While BYD's existing models are currently largely dependent on solutions from external suppliers, including Baidu, Huawei and Momenta, the NEV maker is already accelerating its focus on smart driving, the 36kr report said.

BYD ramps up smart driving R&D efforts, forms chip design team, report says

The post BYD's Tesla FSD-like feature said to be available in Q3 appeared first on CnEVPost.

For more articles, please visit CnEVPost.

China EV battery installations in Apr: BYD regains top spot over CATL in LFP market

BYD returned to the top spot in the LFP battery market with a 42.68 percent share in April, overtaking CATL's 33.65 percent.

China EV battery installations in Apr: BYD regains top spot over CATL in LFP market-CnEVPost

CATL overtook BYD (OTCMKTS: BYDDY) in China's lithium iron phosphate (LFP) battery market in March for the first time this year. Now, the latter has regained its top spot.

China's power battery installed base in April was 25.1 GWh, up 89.4 percent year-on-year but down 9.5 percent from March, according to data released today by the China Automotive Battery Innovation Alliance (CABIA).

China EV battery installations in Apr: BYD regains top spot over CATL in LFP market-CnEVPost

CATL's power battery installed base in April was 10.26 GWh, ranking first with a 40.83 percent share, down from 44.95 percent in March.

BYD installed 7.32 GWh of power batteries in April, ranking second with a 29.11 percent share, up 2.46 percentage points from March's 26.65 percent.

CALB installed 2.20 GWh of power batteries in April, ranking third with a share of 8.74 percent, down 1.54 percentage points from 10.28 percent in March.

China EV battery installations in Apr: BYD regains top spot over CATL in LFP market-CnEVPost

Eve Energy overtook Gotion High-tech to rank No. 4 with 1.38 GWh of installed base and 5.48 percent share.

Gotion High-tech ranked 5th with 1.18 GWh installed in April and a 4.68 percent share. It ranked 4th with a 4.51 percent share in March.

China EV battery installations in Apr: BYD regains top spot over CATL in LFP market-CnEVPost

China's ternary Li-ion battery installed base in April was 8.0 GWh, accounting for 31.8 percent of total installed base, up 83.5 percent year-on-year but down 8.3 percent from March.

The installed base of LFP batteries was 17.1 GWh, accounting for 68.1 percent of the total, up 92.7 percent year-on-year but down 10.0 percent from March.

China EV battery installations in Apr: BYD regains top spot over CATL in LFP market-CnEVPost

In the ternary battery market, CATL ranked first with 56.22 percent of the installed base of 4.50 GWh in April.

CALB and Sunwoda ranked second and third in the ternary battery market with 17.29 percent and 6.07 percent shares, respectively.

In the LFP battery market, BYD regained the top spot with a 42.68 percent share by overtaking CATL with 7.31 GWh installed in April.

CATL installed 5.76 GWh in the LFP battery market in April, ranking second with a 33.65 percent share.

In March, CATL's share of the LFP market was 39.47, higher than BYD's 38.88 percent, the first time it has overtaken BYD in this market during the year.

Eve Energy and Gotion High-tech ranked third and fourth in the LFP battery market with 7.01 percent and 6.17 percent share, respectively.

China NEV sales down 2.6% MoM to 636,000 in Apr, CAAM data show

The post China EV battery installations in Apr: BYD regains top spot over CATL in LFP market appeared first on CnEVPost.

For more articles, please visit CnEVPost.

NIO to report Q1 earnings on Jun 9

NIO delivered 31,041 vehicles in the first quarter, slightly above the lower end of its guidance range of 31,000 to 33,000 vehicles.  |  NIO US | NIO HK | NIO SG

NIO (NYSE: NIO) will report first quarter unaudited financial results on Friday, June 9, before the US market opens, the company announced today.

Previous figures showed it delivered 31,041 vehicles in the first quarter, just above the lower end of its guidance range of 31,000 to 33,000 vehicles.

NIO's previous revenue guidance for the first quarter was between RMB 10.93 billion and RMB 11.54 billion, implying year-on-year growth of about 10.2 percent to 16.5 percent.

(NASDAQ: LI) already reported first-quarter earnings that beat expectations yesterday, sending its shares soaring 13.93 percent in US trading on Wednesday.

Li Auto's deliveries in the first quarter were slightly above the lower end of its guidance range, but revenue was above the upper end of the guidance range.

(NYSE: XPEV) will report first-quarter earnings on May 24.

By the time NIO reports its first-quarter earnings, its deliveries in May should have been released on June 1. Therefore, its delivery guidance for the second quarter will then imply the company's delivery expectations for June.

NIO will officially launch the new ES6 later this month, which will be a model of strategic importance to it. The company today asked its community for input on the pricing of the SUV.

NIO's management will host an earnings conference call on June 9 at 8:00 am US Eastern Time (8:00 pm Beijing Time on June 9).

A live and archived webcast of the conference call will be available on NIO's investor relations website at https://ir.nio.com/news-events/events.

Participants who wish to participate in the conference using dial-up may register in advance using the link provided below.

https://s1.c-conf.com/diamondpass/10030774-agy6dc.html

A replay of the conference call will be available through June 16, 2023 at the following numbers:

United States: +1-855-883-1031

Hong Kong, China: +852-800-930-639

Chinese mainland: +86-400-1209-216

Singapore: +65-800-1013-223

International: +61-7-3107-6325

Replay PIN: 10030774

NIO asks its community for advice on pricing of new ES6

The post NIO to report Q1 earnings on Jun 9 appeared first on CnEVPost.

For more articles, please visit CnEVPost.

NIO asks its community for advice on pricing of new ES6

One possibility is that NIO may price the new ES6 at under RMB 368,000 and attribute the decision to the calls of its community.

NIO asks its community for advice on pricing of new ES6-CnEVPost

(Image credit: CnEVPost)

NIO (NYSE: NIO) is asking its community in China for advice on the pricing of the new ES6, as the SUV gets closer to its official launch.

Many NIO App users have received a push message from NIO containing a questionnaire asking them to vote on what they think is a fair price for the new ES6, according to information shared by several auto bloggers on Weibo today.

NIO offered six options in the questionnaire: below RMB 368,000 ($53,020), RMB 368,000, RMB 378,000, RMB 388,000, RMB 398,000, and above RMB 398,000.

The all-new ES6 will be launched soon, and the model has received a lot of attention since its unveiling at the Shanghai auto show, NIO wrote in the questionnaire.

"Before we officially release the price, we would like to hear from our user friends about the price of the new ES6," NIO said.

The questionnaire is due by 18:00 Beijing time on May 13.

William Li, founder, chairman and CEO of NIO, launched the 2023 ET7 sedan and gave the debut of a revamped version of the 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 new ES6's exact specifications or pricing at the time, saying only that the model's official launch would be in late May.

For reference, 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.

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

It's worth noting that soliciting input for the pricing of new models is a rarity in the Chinese auto industry. For rational consumers, no one wants to see a high price for a product they want to buy.

NIO may have its own considerations with this move, and CnEVPost's speculation is that the company may price the new ES6 below RMB 368,000 and attribute the decision to the calls from its community.

The new ES6 is now generally seen as coming with strong features and competitive pricing, which have already sparked discontent among some owners who previously bought the ES7 SUV.

Last month, many ES7 owners formed WeChat groups to collectively express their discontent that the upcoming new ES6 means NIO has betrayed them.

NIO has yet to announce a launch date for the new ES6, although rumors last week suggested that the model would be officially launched on May 24.

($1 = RMB 6.9404)

NIO rumored to officially launch new ES6 on May 24

The post NIO asks its community for advice on pricing of new ES6 appeared first on CnEVPost.

For more articles, please visit CnEVPost.

China NEV sales down 2.6% MoM to 636,000 in April, CAAM data show

Irrational promotions in China's auto market since March have led to consumer wait-and-see, so auto consumption is still in a slow recovery process, the CAAM said.

China NEV sales down 2.6% MoM to 636,000 in April, CAAM data show-CnEVPost

China's new energy vehicle (NEV) sales in April were 636,000 units, up 112.71 percent year-on-year, but down 2.6 percent from March, according to data released today by the China Association of Automobile Manufacturers (CAAM).

The CAAM's data are wholesale sales for automakers, where NEVs include battery electric vehicles (BEVs), plug-in hybrids (PHEVs) and fuel cell vehicles.

China sold 471,000 BEVs in April, up 103.7 percent year-on-year but down 3.9 percent from March.

China NEV sales down 2.6% MoM to 636,000 in April, CAAM data show-CnEVPost

PHEV sales were 165,000 units, up 144.5 percent year-on-year. Sales of fuel cell vehicles were 300 units, up 222.3 percent year-on-year.

All vehicle sales in China were 2.159 million units in April, up 82.7 percent year-on-year but down 11.9 percent from March.

China NEV sales down 2.6% MoM to 636,000 in April, CAAM data show-CnEVPost

This means that China's NEVs had a penetration rate of 29.5 percent in April, up from 26.6 percent in March.

China NEV sales down 2.6% MoM to 636,000 in April, CAAM data show-CnEVPost

Production of NEVs in China was 640,000 units in April, up 110 percent year-on-year, but down 5 percent from 674,000 units in March.

Production of all vehicles in China was 2.133 million units in April, up 76.8 percent year-on-year and 17.5 percent lower than in March.

China's auto production and sales saw a significant year-on-year increase in April, but this was mainly due to a low base in the same month last year, the CAAM noted.

Irrational promotions in the Chinese auto market since March have led to consumer wait-and-see, so auto consumption is still in a slow recovery process, the CAAM said.

In addition, production and sales in China's auto industry fell in April compared to March amid adverse factors including a slower-than-expected recovery in the commercial vehicle industry, according to the CAAM.

With the current downward pressure on China's economy increasing and aggregate demand still insufficient, the stable operation of the auto industry needs the support of effective policies, the CAAM said.

In April, exports of vehicles from China were 376,000 units, up 170 percent from a year earlier up and 3.3 percent from March.

Among them, the export volume of NEVs was 100,000 units, up 840 percent year-on-year, down 28.6 percent from March.

In January-April, China's auto sales were 8.235 million units, up 7.1 percent from a year earlier.

NEVs sold 2.222 million units in January-April, up 42.8 percent year-on-year, with a market share of 27 percent.

NEV demand in China expected to pick up in Q2, analysts say

The post China NEV sales down 2.6% MoM to 636,000 in April, CAAM data show appeared first on CnEVPost.

For more articles, please visit CnEVPost.

Gotion becomes VW’s designated battery supplier for markets outside of China

The purchase order involves LFP Unified Cell products with the same design style and specifications as those for the Chinese market for Volkswagen's full range of NEVs.

(Image credit: CnEVPost)

Gotion High-tech, a Chinese power battery manufacturer, has become a supplier to Volkswagen for the German automaker's overseas markets, furthering the partnership between the two.

Gotion's wholly-owned subsidiary Hefei Gotion High-tech Power Energy Co Ltd recently received a procurement letter from Volkswagen, making the company a designated supplier for the automaker's overseas markets, according to a stock exchange announcement on May 10.

This is the latest collaboration between Gotion and Volkswagen, which is its important backer, after becoming the designated production point for Volkswagen's NCM and LFP products in China in early 2022.

The purchase order relates to LFP Unified Cell products, which will be used in Volkswagen's models in markets outside of China.

These cells use the same design style and specifications as the Chinese market and are intended for use in Volkswagen's full range of NEVs, according to the announcement.

Volkswagen and Gotion have had a long-standing relationship, with a strategic cooperation framework agreement reached in July 2021 in which Gotion developed the first generation of Unified Cells for Volkswagen's regular production models in China.

In December 2021, Volkswagen China increased its stake in Gotion to 26.47 percent, making it the largest shareholder of the Chinese battery maker.

Unified Cells can significantly reduce costs by adopting a unified design standard and are expected to cover 80 percent of Volkswagen's models in the future, according to Gotion's press release.

In early 2022, Gotion was awarded the official production point for Volkswagen China's NCM and LFP Unified Cells. In February this year, the company won the Volkswagen Cell Test Lab qualification.

In addition, construction of a high-nickel NCM material project built by Volkswagen's private placement has begun in Lujiang, Hefei, and is expected to go into production this year, Gotion said in the press release.

The 20GWh Volkswagen Unified Cell project in Xinzhan, Hefei, has almost completed the main workshop and supporting buildings and is expected to start production in the second half of this year, Gotion said.

Gotion is one of the largest power battery makers, with 2.9 GWh installed in the first quarter, ranking 8th globally with a 2.2 percent share, according to data released earlier this month by South Korean market research firm SNE Research.

Global EV battery market share in Q1: CATL 35%, BYD 16.2%-CnEVPost

The post Gotion becomes VW's designated battery supplier for markets outside of China appeared first on CnEVPost.

For more articles, please visit CnEVPost.

SAIC-GM-Wuling takes page from NIO’s book to make its Mini EV even more affordable

SAIC-GM-Wuling is allowing consumers to pay only for the vehicle body and rent the battery when they buy the Mini EV, lowering the purchase threshold to RMB 19,800 ($2,860).

SAIC-GM-Wuling takes page from NIO's book to make its Mini EV even more affordable-CnEVPost

(Image credit: SAIC-GM-Wuling)

SAIC-GM-Wuling is taking a page from NIO's book by allowing consumers to buy only the vehicle body and rent the battery when they buy its hot-selling Hongguang Mini EV, even though the model doesn't support a simple battery swap like NIO models.

The automaker offers this purchase option for five versions of the Hongguang Mini EV, with the lowest-priced version costing consumers an initial payment of just RMB 19,800 ($2,860) and a monthly battery rental of RMB 198 for five years thereafter.

Under the regular purchase option, this version of the Hongguang Mini EV is priced at RMB 32,800.

Of the other four higher-priced versions, two of them have a vehicle body price of RMB 29,800 and the other two are RMB 33,800, with battery leasing prices ranging from RMB 198 to RMB 558.

Hongguang Mini EV price under battery rental

ModelHongguang Mini EV QingsongHongguang Mini EV Macaron ShishangHongguang Mini EV Macaron ZhenxiangGameboy WanleGameboy Wanle
Range120 km120 km170 km200 km300 km
Retail Price (RMB)32,80043,80049,80055,80067,800
Vehicle Body Price (RMB)19,80029,80029,80033,80033,800
Battery Rental (RMB)198198298358558
Battery Rental Term5 years5 years5 years5 years5 years
Final Payment (RMB)1,9800000

This is similar to the battery rental service BaaS (battery as a service) offered by NIO, except that NIO owners who choose to purchase a car based on BaaS do not get ownership of the battery unless they pay a one-time fee to buy it out.

The cheapest NIO model is currently the ET5 sedan, which costs RMB 328,000. For consumers who choose to purchase based on the BaaS plan, the price will start at RMB 258,000 and the monthly battery rental fee will start at RMB 980.

NIO initially did not allow battery buyouts for BaaS-based car owners, but launched the service in April 2022.

Under NIO's plan announced at the time, vehicle owners will be allowed to terminate their BaaS lease agreement if they decide to back out.

These users will be able to get a brand new battery at the NIO service center, and in the case of a standard range battery pack, they will have to pay RMB 70,000 for the pack and a service fee of RMB 3,000.

If it is a long-range battery pack, then the cost includes RMB 128,000 for the battery and RMB 3,000 for the service fee.

SAIC-GM-Wuling is a joint venture between SAIC Group, General Motors and Liuzhou Wuling Automobile, headquartered in Liuzhou, Guangxi Zhuang Autonomous Region, southwest China.

It sells vehicles based on the GSEV (Global Small Electric Vehicle) architecture in China, including the Mini EV, KiWi EV, Nano EV and Air EV. In addition to these pure electric models, SAIC-GM-Wuling also sells fuel-powered SUVs, MPVs and vans.

It is one of the largest NEV makers in China, but sales in the first four months were down from a year ago.

From January to April, SAIC-GM-Wuling sold 111,604 NEVs, down 15.9 percent from 132,658 units in the same period last year, according to data released yesterday by the China Passenger Car Association (CPCA).

That makes SAIC-GM-Wuling the only one of the top five manufacturers of NEV sales in China to see a decline in sales of such models.

($1 = RMB 6.9338)

Full CPCA rankings: Top-selling models and automakers in China in Apr

The post SAIC-GM-Wuling takes page from NIO's book to make its Mini EV even more affordable appeared first on CnEVPost.

For more articles, please visit CnEVPost.

driive.com
All about Smart and Sustainable Mobility

Archives

December 2024
M T W T F S S
 1
2345678
9101112131415
16171819202122
23242526272829
3031