Tagged: eV

NIO delivers 10,378 vehicles in Mar, down 14.6% from Feb

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

NIO (NYSE: NIO) delivered fewer vehicles in March than in February, with the first quarter figure barely above the lower end of the previous guidance range.

NIO delivered 10,378 vehicles in March, up 3.94 percent from 9,985 a year ago but down 14.6 percent from 12,157 in February, according to figures it announced today.

That delivery volume included 3,203 SUVs, and 7,175 sedans, the company said, without providing a breakdown of the different models.

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

The deliveries were up 20.46 percent from 25,768 units in the same period last year, though down 22.5 percent from 40,052 in the fourth quarter.

NIO's guidance for first-quarter revenue was RMB 10.93 billion to RMB 11.54 billion when it announced its fourth-quarter earnings results on March 1.

As of March 31, cumulative deliveries of NIO vehicles reached 320,597 units.

Beginning March 28, NIO has rolled out the deployment of its third generation of swap stations in China, each with a service capacity of up to 408 swaps per day, the company said.

As of March 31, NIO had deployed 1,339 battery swap stations and 1,285 charging stations, including 6,467 chargers, worldwide. It also has 1,154 destination charging stations worldwide, including 7,993 chargers.

NIO will accelerate the expansion of its battery swap network and plans to install 1,000 battery swap stations in 2023, it said, repeating a previous goal.

NIO has been gradually releasing NOP+ Beta to NIO Technology 2.0 (NT 2.0) based vehicles. Since its debut on December 27, 2022, more than 30,000 users have activated and participated in the NOP+ Beta, accumulating more than 15 million kilometers, it said today.

Powered by NIO's internally developed full-stack smart driving technology and closed-loop data management, NOP+ Beta has achieved significant improvements in peace of mind, comfort and efficiency, it said.

Going forward, NIO will progressively deliver more features through over-the-air updates to continuously enhance the user's smart driving experience, the company said.

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

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NIO’s 1st phone model to be launched in Q3, says William Li

Li also said that 's price cut comes after it faced stiff competition in China, where it does not have pricing power.

(Image credit: CnEVPost)

'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).

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!

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NIO begins ET5 deliveries in Europe

ET7 deliveries in Europe began last October, and EL7 deliveries there began at the end of January.  |  NIO US | NIO HK | NIO SG

(Image credit: NIO App)

NIO (NYSE: NIO) began ET5 deliveries in Europe on March 31, the day before it opened its second NIO House in Germany.

The company saw the first deliveries of the electric sedan in Germany, Sweden and the Netherlands, according to the information posted on the Chinese and European versions of the NIO App.

NIO co-founder and president Qin Lihong was in Germany to witness the first ET5 deliveries there.

No information has been released about ET5 delivery figures in Europe. The company is expected to announce its deliveries of all vehicles in March later today.

NIO launched the ET7, ET5 and the EL7, known in China as the ES7, in Europe last October. ET7 deliveries began in Europe last October, and EL7 deliveries began at the end of January.

NIO initially only allowed European consumers to lease vehicles through NIO Subscription, with purchase options available starting in late November.

These products are made available for order gradually in Norway, Germany, the Netherlands, Denmark and Sweden through the NIO Subscription, lease program and direct sales to customers, NIO said on November 1 last year while announcing delivery figures for October.

The announced delivery volume represents vehicle deliveries through direct sales to users as well as to the leasing program partner in Europe in accordance with the revenue recognition policy of the company's vehicle sales, NIO said at the time.

The vehicles under NIO Subscription in Europe are recognized as assets on the company's balance sheet, but are not counted in the announced deliveries, according to the company.

The day before deliveries of ET5s began in Europe, NIO opened a new NIO House in Frankfurt, its second in Germany.

NIO opens new NIO House in Frankfurt, its 2nd in Germany

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Li Auto delivers 20,823 vehicles in Mar, up 25% from Feb

This article is being updated, please refresh later for more content.

delivered 20,823 vehicles in March, the second time after last December that it exceeded 20,000, figures released today show.

This represents a 25 percent increase over February's 16,620 vehicles and an 88.72 percent increase over the 11,034 vehicles delivered in the same month last year.

The deliveries are the second highest for a single month since Li Auto's inception, after the previous record high of 21,233 vehicles in December last year.

Li Auto delivered 52,584 vehicles in the first quarter, up 65.8 percent year-over-year and up 13.53 percent from the fourth quarter last year.

The company provided guidance of 52,000 to 55,000 vehicles delivered and revenue guidance of RMB 17.45 billion to RMB 18.45 billion for the first quarter when it announced its fourth quarter earnings on Feb. 27.

As of March 31, 2023, the cumulative deliveries of Ideal Vehicles were 309,918 vehicles.

The following is a press release from Li Auto and the CnEVPost article is being updated.

Li Auto Inc. (“Li Auto” or the “Company”) (Nasdaq: LI; HKEX: 2015), a leader in China's new energy vehicle market, today announced that the Company delivered 20,823 vehicles in March 2023, surpassing the 20,000 monthly delivery mark again and representing an increase of 88.7% year over year.

This took the Company's first quarter deliveries to 52,584, up 65.8% year over year. The cumulative deliveries of Li Auto vehicles reached 309,918 as of the end of March.

“We have commenced deliveries of Li L7, our five-seat flagship family SUV, and are pleased to hear from its first users that their satisfaction with the vehicle has exceeded their expectation. As of the end of March, we delivered over 300,000 vehicles cumulatively, the fastest among China's premium NEV manufacturers to achieve this milestone,” commented Xiang Li, chairman and chief executive officer of Li Auto.

“We are also very excited to see that Li Auto has captured nearly 20% market share in the RMB300,000 to RMB500,000 SUV market in China, and become a brand of choice among premium family SUVs, demonstrating our product strengths and users' widespread recognition. Finally, we will begin to deliver Li L7 Air and Li L8 Air in April.”

As of March 31, 2023, the Company had 299 retail stores in 123 cities, as well as 318 servicing centers and Li Auto-authorized body and paint shops operating in 223 cities.

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Base Ford F-150 Lightning price hiked again, now above $60,000

Ford F-150 Lightning: The Car Connection Best Car To Buy 2023On Thursday, Ford once again hiked prices on its base F-150 Lightning Pro. The latest adjustment, adding onto markups made in December, adds $4,000 to the base version of the fully electric F-150—meaning it now adds up to $61,869 including the mandatory $1,895 destination charge. This is the fourth major price increase for the fully electric...

Jeep Magneto 3.0 EV concept points toward production Recon

Jeep Wrangler Magneto 3.0 ConceptJeep on Thursday unveiled another iteration of its Magneto electric Wrangler concept as it moves toward launching its first production EVs for the U.S. Like the previous versions, the Jeep Magneto 3.0 concept was unveiled alongside several other concept vehicles at the annual Easter Jeep Safari in Moab, Utah. With the Wrangler-inspired Jeep Recon...

BYD starts warming up for mini car Seagull

Previous reports suggested that the Seagull would be offered in both sodium-ion and lithium-ion battery-equipped versions, but this was not confirmed by BYD.  |  BYDDY.US | BYD HK

(Image credit: BYD)

BYD (OTCMKTS: BYDDY) is starting to warm up for a mini electric vehicle (EV) that is expected to become another major player in the segment.

BYD shared images of the new model, called the Seagull, on Weibo today, showing off details of its exterior.

The NEV (NEV) giant did not provide any information about the Seagull, although the model has appeared on a regulatory list in January and key specifications are known.

The BYD Seagull has a length, width and height of 3,780 mm, 1,715 mm and 1,540 mm, respectively, and a wheelbase of 2,500 mm.

As a comparison, the Dolphin – BYD's smallest model currently on sale -- has a length, width and height of 4,125 mm, 1,770 mm and 1,570 mm, respectively, and a wheelbase of 2,700 mm.

SAIC-GM-Wuling's current hot-selling Hongguang Mini EV has a length, width and height of 2,920 mm, 1,493 mm and 1,621 mm, respectively, and a wheelbase of 1,940 mm.

On March 28, Wuling officially launched the new EV model Binguo in China with a length, width and height of 3,950 mm, 1,708, mm and 1,580 mm, respectively, and a wheelbase of 2,560 mm.

BYD Seagull is equipped with a single motor with a maximum power of 55 kW and a top speed of 130 km per hour.

The model is available in 30 kWh and 38 kWh battery pack versions, with a CLTC range of 305 km and 405 km.

Last November 22, LatePost reported that BYD plans to mass produce sodium-ion batteries in the second quarter of 2023, and they will be featured in the Qin EV, Dolphin and new model Seagull.

The launch of the Seagull means BYD will increase its efforts in the sub-RMB 100,000 electric vehicle market, when competition in the segment becomes more intense, the report noted.

On November 30 last year, local automotive media Yiche reported that the Seagull may be the first BYD model to be equipped with sodium-ion batteries, with the model's launch expected in the second quarter of 2023.

The BYD Seagull will be offered with both sodium-ion and lithium-ion battery versions, with the former expected to cost as little as 60,000 yuan ($8,730) and the latter expected to cost 80,000 yuan, the report said.

The BYD Seagull equipped with sodium-ion batteries will have a range of 300 kilometers, while the lithium-ion version will have a range of 400 kilometers, according to the report.

It is worth noting that these reports have never been confirmed by BYD.

Earlier this month, images circulating on the Chinese Internet showed that the BYD Seagull would start at RMB 65,800 and would be launched on April 18.

BYD later called this false information and said that the estimated price range for the Seagull is RMB 80,000 to RMB 100,000.

($1 = RMB 6.8757)

BYD may launch new model with sodium-ion batteries in Q2 2023, report says

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