Tagged: Tesla

China NEV insurance registrations for week ending April 2: BYD 46,218, Tesla 14,275, NIO 2,730

In the past five weeks, vehicles had 11,929 insurance registrations. The company delivered 10,378 vehicles in March.

China's new energy vehicle (NEV) sector saw continued improvement last week, with most major players posting sales increases.

In the week ending April 2, insurance registrations for all vehicles in China were 465,500, up 46.9 percent year-on-year and up 19.9 percent from the previous week, according to data shared today by several auto bloggers.

Of these, 139,500 were NEVs, up 44.7 percent year-on-year and up 9.28 percent from the previous week, with a penetration rate of 29.96 percent.

Gasoline vehicles were 326,000 units, up 47.9 percent year-on-year and up 25.1 percent from the previous week.

vehicles continued to register the highest number of insurance units last week at 46,218, up from 43,490 the previous week.

In the past five weeks -- February 27 to April 2 -- BYD NEVs had 204,195 insurance registrations in China.

As a comparison, BYD sold 207,080 wholesale NEVs in March, including 13,312 units sold overseas, according to data it released on April 2.

Insurance registrations for vehicles in China last week were 14,275, slightly lower than the previous week's 15,886.

In the past five weeks, Tesla vehicles had 79,171 insurance registrations in China.

Tesla sold 88,869 China-made vehicles in March, including exports, according to data released earlier today by the China Passenger Car Association (CPCA).

Those numbers mean that Tesla's Shanghai plant may have exported only a few thousand vehicles in March, with the rest for deliveries to Chinese consumers.

Tesla's pattern is to produce cars for export in the first half of the quarter and for the local market in the second half.

Insurance registrations for NIO vehicles were 2,730 last week, up from 1,909 the previous week.

In the past five weeks, NIO vehicles had 11,929 insurance registrations.

NIO delivered 10,378 vehicles in March, including 3,203 SUVs, and 7,175 sedans, according to data released by the company on April 1.

(NASDAQ: LI) vehicles had 6,185 insurance registrations last week, up from 5,081 in the previous week.

In the past five weeks, Li Auto vehicles saw 24,169 insurance registrations. For comparison, it delivered 20,823 vehicles in March.

(NYSE: XPEV) vehicles had 2,034 insurance registrations last week, up from 1,564 the previous week.

XPeng's total for the past five weeks was 7,950, and the company delivered 7,002 vehicles in March.

vehicles had 2,571 insurance registrations last week and a cumulative total of 7,555 over the past five weeks. It delivered 6,663 vehicles in March.

had a figure of 3,740 vehicles in the last week and a total of 12,286 vehicles in the last five weeks. It delivered 10,087 vehicles in March.

BMW had 2,598 NEV insurance registrations last week, for a total of 9,959 over the past five weeks.

China's Mar passenger NEV wholesale sales up 20% MoM to 600,000, CPCA estimates show

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Tesla sells 88,869 China-made vehicles in Mar, CPCA data show

In the first quarter, sold 229,322 China-made vehicles, contributing 54 percent of its global deliveries in the quarter.

Tesla sold 88,869 China-made vehicles in March, including exports, according to data released today by the China Passenger Car Association (CPCA).

That's up 35.03 percent from 65,814 vehicles in the same month last year and up 19.44 percent from 74,402 vehicles in February.

This is the second highest China-made vehicle sales ever for Tesla, behind the 100,291 units sold in November of last year.

The sales include sales in China as well as exports, and the breakdown is expected to be available in the coming days.

In the first quarter, Tesla's China-made vehicle sales were 229,322, up 25.88 percent from 182,174 in the same period last year.

Tesla has a factory in Shanghai that currently produces only the Model 3 and Model Y.

The EV maker delivered 422,875 vehicles worldwide in the first quarter, including 412,180 Model 3 and Model Y vehicles and 10,695 Model S and Model X vehicles, according to data it released April 2.

Today's figures mean that 54 percent of Tesla's global deliveries in the first quarter were made at its Shanghai plant.

Tesla doesn't publish its deliveries in China, the CPCA publishes those numbers every month.

Including exports, Tesla sold 66,051 and 74,402 China-made vehicles in January and February, respectively.

Tesla delivered 26,843 and 33,923 vehicles in China in January and February, respectively, and its Shanghai plant exported 39,208 and 40,479 vehicles in those two months, according to the CPCA.

In addition, Chinese media outlet 36kr reported earlier today that Tesla is planning up to 4 million units of annual production capacity for one of a lower-priced model, a smaller version of the Model Y.

Tesla's North American factories will take on 2 million units of capacity, with the Monterrey, Mexico, plant providing most of it. Its plants in Berlin, Germany, and Shanghai will each take on 1 million units of capacity, the report said.

Tesla delivers record 422,875 vehicles globally in Q1

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Tesla reportedly to begin large-scale testing of FSD in China

will soon begin large-scale testing of FSD (Full ) in China, according to a report by Caixin on April 3.  TSLA.US

(A screenshot from the Tesla China website.)

Tesla (NASDAQ: TSLA), despite being a pioneer among electric vehicle (EV) makers in exploring autonomous driving, has been seen as slow to move in the space in China. Now, it looks like things are about to change.

Tesla is about to begin large-scale testing of FSD (Full Self-Driving) in China, local media outlet Caixin said in an April 3 report.

The story was a feature on and did not mention anything more about Tesla's FSD localization efforts in China.

Notably, this is the second time in a week that similar rumors have surfaced.

Tesla China will soon push out a major update to Autopilot, auto blogger Zheng Xiaokang, who has 532,000 followers on Weibo, said on March 27.

The blogger did not mention any more information, and in the comments section of his Weibo post, there was speculation that the update might be Tesla's vision-only V11 software.

All Tesla vehicles currently come with the free Basic Autopilot (BAP) software. In addition, Tesla offers Enhanced Autopilot (EAP), FSD software as an option.

EAP and FSD cost $6,000 and $15,000 in the US and RMB 32,000 ($4,650) and RMB 64,000 in China, respectively.

Tesla opened the EAP feature option in China on February 5, 2021, adding several features compared to BAP, including automatic assisted lane change, automatic parking, and smart summoning.

Tesla has made the EAP feature available free of charge to Chinese owners on holidays several times over the past two years, although the software has not won much praise.

The optional Tesla FSD capability has always been available, but Chinese consumers who have purchased the package have so far failed to get a significantly better experience than BAP.

In contrast, Tesla's Chinese counterparts are seeing tremendous progress with the assisted driving feature.

On March 31, (NYSE: XPEV) made its Tesla FSD-like advanced driver assistance aystem (ADAS) available for its flagship G9 and P7i models, though the capability still relies on high-precision maps for now. The feature was previously available on the P5 sedan.

XPeng plans to expand full lane-changing, overtaking and left/right turn functionality to major Chinese cities without high-precision maps in the second half of 2023, while full-scene ADAS is planned for 2024.

On February 20, (NYSE: NIO) began allowing all NT 2.0 platform models to trial NOP+ assisted driving software, which enables a point-to-point assisted driving experience on highways as well as urban expressway scenarios.

($1 = RMB 6.8822)

Tesla rumored to push major Autopilot update in China soon

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XPeng upgrades over 160 charging stations with S4 ultra-fast chargers

now has more than 1,000 of self-operated charging stations in China, including 186 S4 ultra-fast charging stations.  |  XPeng US | XPeng HK

(Image credit: XPeng)

XPeng (NYSE: XPEV) already has nearly 200 charging stations equipped with the latest S4 ultra-fast chargers, after the first such facility was built last August.

XPeng launched its charging station upgrade program this year and has so far completed upgrades of more than 160 stations with S4 ultra-fast charging capability, according to a WeChat post from the company today.

The station upgrades cover 91 cities in China, and S4 ultra-fast charging capability refers to charging piles with a maximum output of 360 kW and 480 kW.

Including the new S4 charging stations, XPeng has now put 186 ultra-fast charging stations into operation in China, it said.

XPeng's charging network added 349 third-party charging stations in the first quarter, and they are able to serve the company's vehicle owners for free, the company said.

As of April 1, XPeng's charging network had a cumulative total of more than 2,200 charging stations, including more than 1,000 that the company operates itself.

XPeng said it will continue to expand its S4 ultra-fast charging network and expects to add about 500 S4 ultra-fast charging-capable stations in 2023.

The company completed its first S4 ultra-fast charging station on August 15, 2022, its 1,000th self-operated charging station.

The charging station has a maximum power of 480 kW, a maximum current of 670 A and a peak charging power of 400 kW.

XPeng's flagship SUV, the G9, was able to get a CLTC range of 210 km in 5 minutes when using this S4 ultra-fast charging station, as shown in a real-world test displayed by the company.

For comparison, 's V3 supercharger has a maximum power of 250 kW and a maximum current of 631 A, and can get a range of 150 km in as little as 5 minutes.

XPeng expects to add more than 500 S4 ultra-fast charging stations in 2023, and the number will exceed 2,000 by 2025, the company said at its G9 launch event last September 21.

XPeng sees new milestone in autonomous driving, rolls out Tesla FSD-like assisted driving capability to 2 flagship models

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Tesla’s lower-priced model coming with planned annual capacity of 4 million units, report says

's lower-priced model will be a smaller version of the Model Y, and the EV maker is building a capacity plan for it of up to 4 million units a year, a new report said.

(Image credit: CnEVPost)

Tesla (NASDAQ: TSLA) is planning capacity for a lower-priced model, though it's not the one previously rumored to be priced at $25,000, according to a new report.

The model will be a smaller version of the Model Y, for which Tesla is building an annual capacity plan of up to 4 million units, Chinese media outlet 36kr said in a report today, citing sources.

This is an early capacity strategy, and Tesla is signaling to the industry chain that the 4 million units of capacity will be spread across its factories located around the world, according to the report.

Tesla's North American plants will take on 2 million units of capacity, with the Monterrey, Mexico, plant providing the bulk of the capacity. Its factories in Berlin, Germany, and Shanghai will each take on 1 million units, the report said.

Tesla CEO Elon Musk said at the company's 2020 Battery Day that electric vehicles priced at $25,000 will be possible by 2023.

Although rumors of the lower-priced model have popped up from time to time over the past few years, it has never become a reality.

For an electric vehicle with a range of no less than 400 kilometers and a mainstream smart driving suite, material costs are extremely difficult to get below RMB 150,000 ($25,000), the 36kr report said, citing an engineer from a local car company.

Depending on the factory's construction schedule, mass production of Tesla's $25,000 model may not come soon, at least more than a year away, the report said, citing a source.

If Tesla can bring the price of its electric vehicles down to slightly more than RMB 100,000, not only will it gain significant market share for itself, but it will also be a huge push for the maturation of the industry chain, an industry source said, adding that this is when the smart electric vehicle industry will see drastic changes.

Tesla delivered 422,875 units worldwide in the first quarter, up 36.39 percent from 310,048 units in the same period last year and up 4.34 percent from 405,278 units delivered in the fourth quarter, according to its announcement on April 2.

Tesla Model 3 and Model Y delivered 412,180 units worldwide in the quarter, and Model S and Model X were 10,695 units.

In China, Tesla has a factory in Shanghai that produces the Model 3 and Model Y. It is the largest Tesla factory in the world, with an annual capacity of about 1.1 million units per year.

Tesla does not reveal its deliveries in China, although the China Passenger Car Association (CPCA) publishes these numbers every month.

Tesla's deliveries in China in January and February were 26,843 and 33,923, respectively, and its Shanghai plant exported 39,208 and 40,479 units in the two months, according to the CPCA. March figures are expected to be available in the next few days.

Tesla CEO Elon Musk planning visit to China, report says

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Tesla launches CyberVault wall connector in China

CyberVault is compatible with the entire model lineup, with a maximum charging current of 32 A and a maximum power of 7 kW.

(Image from Tesla China website)

Tesla (NASDAQ: TSLA) today officially launched the CyberVault in China -- a "new member" it teased last week -- as a home wall connector.

Tailored for the Chinese market, the CyberVault charger weighs 13 kilograms and is styled using the Cybertruck design language, Tesla writes on the description page of its China website.

The product allows for the integration of a protective outer case and charging device to meet consumer demand for safety, affordability, aesthetics and durability, according to Tesla.

Here is a video about the CyberVault shared by Tesla on Weibo.

The CyberVault is a charging device that works at 220 V and is compatible with the entire Tesla model line, with a maximum charging current of 32 A and a maximum power of 7 kW, according to the page.

The device includes a charging cable of 6 meters in length and supports plug-and-charge, timed charging and on-time departure functions.

It is worth noting that users can remove the charger body from the box and use it as a mobile charging connector after purchasing a dedicated 8A adapter, according to Tesla.

The CyberVault installation service package costs RMB 5,500 ($800) and includes the device as well as installation services.

The dedicated 8A adapter costs RMB 499 and provides about 1.8 kW of charging power when used with the CyberVault, according to Tesla's China website.

($1 = RMB 6.8861)

Tesla CEO Elon Musk planning visit to China, report says

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XPeng starts warming up for G6, releases official ‘spy shot’

Update: Added more pictures about G6 shared by .

XPeng management previously said 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, with a price range of RMB 200,000 - 300,000.  |  XPeng US | XPeng HK

XPeng (NYSE: XPEV) is starting to warm up for the G6, with the new model set to make its official debut at the Shanghai auto show in half a month.

The electric vehicle (EV) maker shared a "spy shot" of the G6 on April 3, showing the SUV's exterior but not revealing any other information.

On April 4, XPeng shared three additional images of the G6.

On March 17, XPeng management said during the company's fourth-quarter earnings call that the G6, a new energy SUV in the price range of 200,000 yuan ($29,020) to 300,000 yuan, will be unveiled at the Shanghai auto show and will be officially launched and delivered by the end of the second quarter.

The upcoming biennial Shanghai auto show will be held from April 18 - 27, with April 18 - 19 being the media days, April 20 - 21 being the professional visitors' days, and the general public being admitted from April 22 - 27.

XPeng's monthly sales target for the G6 is 2-3 times that of the P7, He Xiaopeng, the company's chairman and CEO, said on the call.

The G6's range will be significantly improved and will exceed expectations, and the interior space will be much larger than similar offerings from competitors, he said.

Earlier this month, the XPeng G6 appeared on a regulatory filing list in China, where its core specifications were disclosed.

The XPeng G6 has a length, width and height of 4,753 mm, 1,920 mm and 1,650 mm, respectively, and a wheelbase of 2,890 mm, according to those filing pages.

The G6 will compete with 's (NASDAQ: TSLA) Model Y, XPeng management previously mentioned. The Tesla crossover has a length, width and height of 4,750 mm, 1,921 mm and 1,624 mm, respectively, and a wheelbase of 2,890 mm.

The XPeng G6 will be available in single-motor and dual-motor versions, the former with a 218 kW peak power motor and the latter with an additional motor with 140 kW peak power.

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, said Deutsche Bank analyst Edison Yu's team in a research note sent to investors on March 22.

XPeng's monthly sales target for the G6 is two to three times that of the P7, meaning at least 5,000 units per month for the G6 based on a trailing six-month average, Yu's team noted.

XPeng may price the G6 similarly to the Tesla Model Y, hoping to attract consumers with its sleeker design and updated interior, the team said.

($1 = 6.8928 RMB)

G6 will be swing factor for XPeng, says Deutsche Bank

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Tesla delivers record 422,875 vehicles globally in Q1

's first-quarter deliveries were higher than 's 264,647 passenger BEVs, but lower than the latter's 552,076 NEVs, including PHEVs.

Tesla saw record electric vehicle (EV) deliveries in the first quarter, as price cuts reinvigorated demand.

The US EV maker delivered 422,875 units worldwide in the first quarter, up 36.39 percent from 310,048 units a year earlier and up 4.34 percent from 405,278 in the fourth quarter, according to its announcement on April 2.

The deliveries exceeded Wall Street analysts' expectations of 421,200 units, with Tesla's cheaper Model 3 with Model Y deliveries exceeding expectations.

Tesla delivered 412,180 Model 3 and Model Y units worldwide in the first quarter, above market expectations of 408,500. A total of 10,695 Model S and Model X units were delivered, below expectations of 16,700.

Tesla produced 440,808 vehicles in the first quarter, including 421,371 Model 3 and Model Y, and 19,437 Model S and Model X.

"We continued to transition towards a more even regional mix of vehicle builds, including Model S/X vehicles in transit to EMEA and APAC," Tesla wrote in an announcement.

The company will announce its first-quarter financial results after the market closes on Wednesday, April 19, and its management will hold a live webcast question-and-answer session at 4:30 pm US Central Time that day.

Tesla cut prices globally earlier this year, and its starting price for the Model 3 sedan came to an all-time low after its move in China on January 6.

In China, Tesla has a factory in Shanghai that makes the Model 3 and Model Y. It's the largest Tesla factory in the world, with an annual capacity of about 1.1 million units a year.

Tesla does not publish its deliveries in China, though the China Passenger Car Association (CPCA) publishes those numbers every month.

Tesla's deliveries in China in January and February were 26,843 and 33,923 units, respectively, and its Shanghai plant exported 39,208 and 40,479 units in the two months, according to the CPCA. March figures are expected to be available in the next few days.

BYD (OTCMKTS: BYDDY) and Tesla are the two biggest players in China's new energy vehicle (NEV) market, with the former producing plug-in hybrid vehicles (PHEVs) and battery electric vehicles (BEVs) and the latter producing only BEVs.

Tesla delivered more BEVs than BYD in the first quarter, but the latter's combined sales of PHEVs and BEVs were larger.

In the first quarter, BYD's NEV sales, including PHEVs and BEVs, were 552,076 units, up 92.81 percent year-on-year but down 19.22 percent from the fourth quarter of last year, according to data released yesterday.

BYD's passenger BEVs sold 264,647 units in the first quarter, up 84.78 percent year-on-year but down 19.56 percent from the fourth quarter.

BYD's passenger PHEVs sold 283,270 units in the first quarter, up 100.17 percent year-on-year but down 19.76 percent from the fourth quarter.

BYD sells 207,080 NEVs in Mar, up 6.9% from Feb

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