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FAW-FinDreams has a total planned capacity of 45 GWh, and will be able to provide blade batteries for nearly 600,000 vehicles when fully operational. Its initial production capacity is 15 GWh. (Image credit: FAW-FinDreams) FAW-FinDreams — a power battery joint venture between BYD’s battery manufacturing arm FinDreams and China’s FAW — has begun production and will supply battery packs for models under the latter’s Hongqi brand. The joint venture battery project, located in Changchun, Jilin, in northeast China, FAW’s headquarters city, went into production on February 2, according to a statement by FAW-FinDreams. The project has a total land area…
Volvo will stop funding Polestar and is considering a move that could give parent Geely greater control of the EV brand, Reuters reported Thursday. The news comes after Polestar announced that it missed already-reduced 2023 delivery targets. The brand’s shares are also down 83% since it went public in June 2022 via a merger with a special purpose acquisition company (SPAC). Volvo owns a 48% stake in Polestar, which the automaker is reportedly considering turning over to its shareholders. Geely owns around 80% of Volvo, so this would give the Chinese automaker more direct control over Polestar. It might also…
China’s January wholesale sales of passenger NEVs are expected to be 700,000 units, up 80 percent year-on-year, but down 37 percent from December, the CPCA said. China’s January wholesale sales of new energy vehicles (NEVs) are expected to be significantly lower than in December, as the beginning of the year is usually a low point for sales. China’s January wholesale sales of passenger NEVs are expected to be 700,000 units, up 80 percent year-on-year, but down 37 percent from December, the China Passenger Car Association (CPCA) said in a report today. In December, 21 manufacturers with wholesale sales of more…
The Tesla sales, which include exports from China to overseas markets, were up 8.17 percent year-on-year, but down 24.1 percent from December. Tesla (NASDAQ: TSLA) saw sales of its China-made vehicles decline last month from December, as China’s major electric vehicle (EV) makers mostly saw lower sales due to seasonal factors. The US EV maker sold 71,447 China-made vehicles in January, according to data released today by the China Passenger Car Association (CPCA). The monthly sales, which include exports from China to overseas markets, were up 8.17 percent from 66,051 in the same month last year, but down 24.1 percent…
Pouch-type ternary power battery cells saw the biggest drop, falling 7.3 percent to $0.51 per Wh in January, TrendForce said. (Image credit: CnEVPost) The global lithium battery market remained sluggish in January, with the average price of all types of power battery cell products continuing to fall in China, market research firm TrendForce said in a report today. Pouch-type automotive ternary power battery cells fell the most, dropping 7.3 percent to RMB 0.51 yuan ($0.071) per Wh in January, TrendForce said, adding that the average price is expected to remain on the downside in February. The average price of prismatic…
The offer lowers the G9’s starting price to RMB 253,900 in February. (Image credit: CnEVPost) Xpeng (NYSE: XPEV) is offering a limited-time offer on the 2024 G9 SUV, which officially went on sale in September 2023. Customers who buy a 2024 G9 between February 1-29 can get up to RMB 10,000 ($1,390) off, according to a statement from Xpeng today. The offer includes a RMB 5,000 subsidy for all G9 models, as well as an additional RMB 5,000 subsidy for models with a CLTC range of 570 kilometers. This lowers the G9’s starting price to RMB 253,900 in February, Xpeng…
If it moves forward smoothly, Nio will be the fastest among Chinese companies to mass-produce end-to-end features, LatePost said, citing a person close to the company. (Image credit: Nio) Several new Chinese car-making forces are following in the direction of Tesla’s FSD Beta V12 and are actively investing in the development of autonomous driving architecture models based on end-to-end neural networks, local media outlet LatePost said in a report today. Nio (NYSE: NIO) will launch active safety features based on end-to-end technology in the first half of this year, the report said. “If it moves forward smoothly, Nio will be…
Seal is the third EV model launched by BYD in Nepal after Atto 3 and Dolphin. (Image credit: BYD) BYD (OTCMKTS: BYDDF) has launched the Seal in Nepal, bringing the electric sedan to yet another international market. BYD recently joined hands with local dealer Cimex Inc to launch the all-electric Seal in Nepal at a starting price of NPR 10.5 million ($79,275), the Chinese new energy vehicle (NEV) maker announced yesterday. Seal is the third electric model launched by BYD in Nepal after Atto 3 and Dolphin. Built on BYD’s e-Platform 3.0, the Seal is its first model based on…
EHang’s EH216-S has an official guide price of RMB 2.39 million in China, which will be effective from April 1, 2024. (Image credit: EHang) Chinese electric vertical takeoff and landing (eVTOL) developer EHang has given its unmanned aerial vehicle (UAM) official pricing, paving the way for the next step in its development. EHang’s EH216-S has an official guide price of RMB 2.39 million ($333,000) in China, which will go into effect on April 1, 2024, the company announced today. The EH216-S is powered by a batteries to provide the energy needed to fly and has a maximum takeoff weight of…
Great Wall Motor’s first model under the ZX brand will be a premium new-energy sedan in the D+ class, with a length of around 5,500 mm, according to local media. (A rendering of Great Wall Motor’s first model under the ZX brand was shared by Auto Home.) Chinese automaker Great Wall Motor plans to launch a new brand under the internal codename ZX, whose first model will be a premium new-energy sedan in the D+ class, with a length of around 5,500 mm, according to a report by local automotive media outlet Auto Home today. The new brand’s products will…