42,782 Model 3 and 94,647 Model Y were delivered in China in Q1 2023, achieving Tesla's best quarterly delivery performance.
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Tagged: eV
Tesla delivers 76,663 vehicles in China in Mar, exports 12,206 from Shanghai plant
Tesla's share of the NEV market in China was 14.12 percent in March and 20.02 percent in the BEV market. | TSLA.US
Tesla (NASDAQ: TSLA) delivered a near-record high number of vehicles in China in March, with its Shanghai plant producing vehicles in the second half of each quarter primarily for local deliveries.
Tesla China exported 12,206 vehicles in March, according to data released today by the China Passenger Car Association (CPCA).
That means Tesla delivered 76,663 vehicles in China in March, considering the CPCA released data on April 4 showing that the EV maker sold 88,869 China-made vehicles in March.
Tesla has a factory in Shanghai that produces the Model 3 and Model Y. The factory exported 69.85 percent fewer vehicles in March than the 40,479 units in February, up from 60 units a year earlier.
Last March, Tesla's Shanghai plant saw a big drop in exports due to a Covid lockdown. The plant did not export any vehicles in April last year.
Including exports, the China-made Model 3 sold 27,202 units in March and the Model Y 61,667 units, the CPCA data released today showed. Breakdown figures for both models' sales in China are expected to be available in the coming days.
In March, retail sales of new energy vehicles (NEVs) in China were 543,000 units, up 21.9 percent year-on-year and up 23.6 percent from February, according to the CPCA.
Retail sales of battery electric vehicles (BEVs) in China were 383,000 units in March, up 6.38 percent year-on-year and up 30.04 percent from February.
This means that Tesla's share of the NEV market in China was 14.12 percent in March, up from 7.73 percent in February. It had a 20.02 percent share of the BEV market in China in March, up from 11.5 percent in February.
BYD's retail sales in March were 192,000 units, with a market share of 35.36 percent, according to the CPCA.
BYD's BEV sales figures for March are not yet available; the company previously reported BEV wholesale sales of 102,670 units, contributing 49.58 percent of its NEV sales.
Tesla to build new Megafactory in Shanghai to produce Megapack energy storage system
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2023 BYD Qin Plus EV launched, starting at 18,900 USD
The car's price is from 129,800 to 176,800 RMB (18,900 to 25,700 USD), 12,000 yuan less than the starting price of the 2021 version.
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Walmart plans its own EV charging network, Electrify America aside
Walmart plans to build its own EV fast-charging network, in what reads as an aspiration to create something much larger than what it currently has with Electrify America. The company on Thursday announced plans to install "thousands" of chargers at its Walmart and Sam's Club stores nationwide by 2030. That's in addition to almost 1,300 fast... FAW’s Hongqi unveiled new PHEV platform. To hit the market in H2 2023.
Hongqi from FAW Group unveiled its new PHEV platform called HMP. The first vehicle based on this platform can be the Hongqi HS6 SUV.
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NIO scales back purchase benefits, NOP+ software to start charging in Jul
NIO will no longer give customers a free home charger, and will upgrade NOP+ to a formal release and start a subscription system for the software starting July 1 for RMB 380 per month.
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NIO (NYSE: NIO) announced two important decisions today that are expected to spur order growth in the short term, as well as allow the software to start contributing to revenue.
The Chinese electric vehicle (EV) maker is scaling back the benefits it offers customers, as its user base has recently surpassed 300,000.
Starting June 1, customers who purchase the NIO ET7, EC7, ES7 and ET5 will no longer continue to receive free home chargers, and the free battery swap benefit will be adjusted to four times per month, the company announced today.
As background, NIO has offered customers free home chargers and four free battery swaps per month for the past several years.
If customers choose to forgo the free home charger, they will receive six free battery swaps per month.
For customers who pay a deposit for the above models on or before May 31, the benefits for first-time owners will remain the same.
Test drives and lock-in orders for the new ES8 will be allowed starting in June, and customers who pay a deposit for the model before August 1 will still enjoy these benefits before they are scaled back.
For all customers who have already received deliveries of the vehicles, their rights are not affected, NIO stressed.
The move is expected to boost potential customers' car purchase decisions in the short term, as the 7 kW home charger NIO has been giving away in past years costs RMB 7,500 ($1,090) each.
The free battery swap entitlement that NIO offers owners 4-6 times per month is valid for life.
The move comes at a time when NIO's user base is getting larger. The EV maker delivered 10,378 vehicles in March, bringing its cumulative deliveries since inception to 320,597, according to data released earlier this month.
In addition to the reduced vehicle purchase rights, the NOP (Navigate on Pilot) + assisted driving software, which NIO offers owners a free trial of, will require a fee starting in July.
The free trial of NOP+ Beta will end on June 30, and from July 1 the software will be upgraded to a formal release and on a subscription basis for RMB 380 per month, the company announced today.
NOP+ is NIO's assisted driving feature based on its NT 2.0 platform, which enables a point-to-point assisted driving experience on highways and urban expressway scenarios.
NOP+ Beta features include automatic ramp entry and exit, automatic selection of the optimal lane, and active passing of slow-moving vehicles.
On December 27, 2022, NIO began recruiting the first beta testers for NOP+ Beta, which was limited to 10,000 slots.
On February 20, NIO began allowing owners of all its NT 2.0 platform vehicles to apply for a trial of NOP+.
As of April 8, nearly 45,000 owners have participated in the free trial of NOP+ Beta, and the mileage has exceeded 21 million kilometers, NIO said today.
NIO has collected more than 38,000 user feedbacks in the trial, allowing more than 20 iterations of the software, it said.
Currently, NOP+ Beta has covered 95 percent of China's core highways and urban expressways, and has significantly improved the safety and comfort of the experience in scenarios including following, changing lanes to overtake and ramp passing, NIO said.
NOP+ will gradually switch and upgrade to BEV architecture in 2023, and the leading hardware capability and algorithm architecture will help NOP+ cover more road scenarios, the company said.
In addition, starting in the second half of 2023, the pilot assisted driving feature in the middle of battery swap stations on highways will gradually cover all such stations, NIO said.
Notably, NIO has set aside time for potential customers to consider it.
Customers who purchase ET7, ES7, EC7 and ET5 before June 1, and those who purchase the new ES8 before August 1, will receive 2 years of free access to NOP+.
Customers who have previously purchased the NIO Pilot software will receive at least 5 years of free NOP+ if they purchase a new Banyan-based model from NIO again.
($1 = RMB 6.8750)
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Geely Galaxy L7 PHEV SUV spotted at the dealer in China. Sales to start soon
The Geely Galaxy L7 was spied at the dealer in China. It is ready to hit the market with a starting price of 29,100 USD.
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Wait times for both NIO ES7 and ET5 shortened to about 2 weeks
Both the NIO ES7 SUV and ET5 sedan now have expected delivery dates of about 2 weeks, compared to about 3 weeks for both previously.
NIO's (NYSE: NIO) two key models have further shortened their wait times in China, after a similar change at the end of last month.
Both the NIO ES7 SUV and ET5 sedan now have expected delivery dates of about 2 weeks, compared to about 3 weeks for both previously, information from the NIO App monitored by CnEVPost shows.
On March 28, the wait time for the ES7 changed from 4-6 weeks to about 3 weeks, and the ET5 changed from 3-4 weeks to about 3 weeks at that time.
The NIO App is currently showing 8 models, including the ES8, ES6, and EC6 based on the NT 1.0 platform, and the new ES8, ES7, EC7, ET7, and ET5 based on the NT 2.0 platform.
The EC7 and the new ES8 were unveiled at NIO Day 2022 on December 24, 2022, and deliveries will begin in May and June of this year, respectively.
The waiting time information for all other models is unchanged today.
The NIO App stopped displaying the expected delivery time for the ET7 on March 13, and that information is still not displayed.
On March 28, local media reported that the current NIO ET7 has been discontinued and its facelift may be unveiled during the Shanghai auto show.
NIO delivered 10,378 vehicles in March, up 3.94 percent from 9,985 in the same month last year, but down 14.6 percent from 12,157 in February, according to figures it announced earlier this month.
Cumulative deliveries of NIO vehicles reached 320,597 units as of March 31.
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Hyundai skips Kona Hybrid in US, adds lower-priced Kona EV instead
Hyundai this week, at the New York auto show, revealed U.S.-spec details for the redesigned 2024 Kona Electric, along with the Kona Limited and Kona N Line gasoline models. What was missing from the announcement was the Kona Hybrid, a model that had been emphasized as a growing and important model in the revised Kona’s global rollout. Hybrid... Tesla to build new Megafactory in Shanghai to produce Megapack energy storage system
The Megafactory is initially planned to have an annual production capacity of up to 10,000 units of commercial energy storage batteries, with an energy storage scale of nearly 40 GWh.
Tesla will build a new Megafactory in Shanghai that will be dedicated to the production of Megapack, the company's energy storage product, according to an announcement today from the Shanghai Lingang management committee.
The Megafactory is initially planned to produce up to 10,000 units of commercial energy storage batteries per year, with an energy storage scale of nearly 40 GWh, and the products will be available to the global markets.
The factory is scheduled to start construction in the third quarter of this year and put into operation in the second quarter of 2024.
Notably, Tesla has been hiring for a Megapack project manager position in Shanghai since last month.
"You will interface with design engineering, manufacturing engineering, compliance, system test, reliability, supply chain and operations to define and drive development of new product programs while also managing change on existing programs," the job description reads.
A Megapack currently starts at $187,980,040 in the US, a reduction of nearly $30,000 from its initial price, with expected delivery in the first quarter of 2025.
Tesla's current business landscape consists primarily of electric vehicles and renewable energy, with the latter divided into solar and energy storage devices, currently available in Powerwall, Powerpack, Megapack and other products.
Megapack is a powerful battery that stores energy and supplies it, helping to stabilize the grid and prevent power outages.
Each Megapack unit can store more than 3 MWh of energy, enough to power 3,600 homes for one hour, according to Tesla's website.
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