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Li Auto is ramping up its efforts to develop chips in-house, working on both an AI inference chip for smart driving scenarios, and a SiC power chip for driving motor controllers, according to local media. (Image credit: CnEVPost) Li Auto (NASDAQ: LI) is ramping up its efforts to develop chips in-house, working on both an AI inference chip for smart driving scenarios and a silicon carbide (SiC) power chip for driving motor controllers, according to a local media report. The company is currently building a team in Singapore to work on SiC power chips, LatePost said in a report today,…
All-new Citroen electric e-C3 (Source: Stellantis) In the race to build small, more affordable electric vehicles to stave off fierce Chinese competition, Stellantis announced this morning that it has signed a broad preliminary joint venture with Chinese EV battery giant CATL. The plan involves buying and developing LFP batteries for the company’s small and mid-sized EVs in Europe. As part of the long-term deal, Stellantis – the parent company of Jeep, Fiat, Citreön, and Peugeot, among many more – is planning to build a new gigafactory in Europe to manufacturer LPF batteries. According a press release, Stellantis will work CATL…
The two parties are exploring the possibility of forming a joint venture to further support Stellantis’ electrification strategy. (Image credit: CnEVPost) Stellantis has signed a non-binding memorandum of understanding (MoU) with Chinese power battery giant CATL to facilitate its access to power batteries in Europe. CATL will supply Stellantis with lithium iron phosphate (LFP) battery cells and modules in Europe to help the latter’s electric vehicle (EV) production in the European market, according to a statement by the automotive giant today. To further support Stellantis’ electrification strategy and goals, the two companies are exploring the possibility of forming a joint…
Nio delivered 55,432 vehicles in the third quarter, slightly above the lower end of the guidance range of 55,000 to 57,000 vehicles. Nio (NYSE: NIO) will report unaudited financial results for the third quarter on Tuesday, December 5, before the US markets open, the company announced today. Nio delivered 55,432 vehicles in the third quarter, slightly above the lower end of the guidance range of 55,000 to 57,000 vehicles. Deliveries for the quarter were up 75.38 percent year-on-year and up 135.68 percent from the second quarter. Nio had previously guided third-quarter revenue at RMB 18.9 billion ($2.65 billion) to RMB…
Between November 1 and 19, Li Auto had 25,400 insurance registrations in China, Nio had 9,400, Xpeng had 10,400, Tesla had 39,300 and BYD had 129,700 units. Insurance registrations in China for the major electric vehicle (EV) makers generally rose last week. For the week of November 13 to November 19, Li Auto (NASDAQ: LI) had weekly sales of 10,000 units, the company said on Weibo today. As before, Li Auto didn’t explain the basis for calculating that weekly volume, but apparently, they were insurance registrations. The company suspended sharing those numbers in May, but has since resumed sharing them.…
The tie-up comes after Nio basically pulled out of a joint venture with Changan, marking the first external partner for Nio’s iconic energy replenishment network. (Image credit: Nio) Chongqing Changan Automobile and Nio (NYSE: NIO) have partnered on battery swap network sharing, marking the first external partner for the latter’s iconic energy replenishment network. Nio announced that it signed a battery swap business partnership agreement with Changan in Chongqing today. The two will jointly facilitate the formulation of standards for swappable batteries, build and share the battery swap network, develop swappable vehicles, and establish an efficient battery asset management mechanism,…
Shandong Weida was up 6 percent in Shenzhen at press time, and up about 20 percent over the past month. Nio (NYSE: NIO) is expected to announce the first partner that will use its signature battery swap stations later today. Before that, shares of a Chinese company that makes the facility for it have soared. Shenzhen-traded Shandong Weida Machinery rose 10 percent at the opening of China’s stock market today, the maximum of its daily gain, though that was back down to about 6 percent as of this writing. Shandong Weida’s shares have risen more than 20 percent cumulatively since…
We usually start with a written report on any new climate research, then throw in a video at the end to add impact to what we wrote. But if the purpose of our reporting is to change hearts and minds, we have to admit our usual practice isn’t working. The amount of climate altering emissions keeps going up instead of down, despite us standing on our heads to impress people with the seriousness of the situation. And so, to bring you the news about the latest UN Emissions Gap Report, we are going to start with the video and add…
Tesla has raised the Model Y Long Rang’s starting price in China by RMB 2,000, the fourth price hike in the past month, although the moves are for different models. (Image credit: CnEVPost) Tesla (NASDAQ: TSLA) has once again raised the price of one of its versions of a model by a small amount in China, following previous warm-ups. The US electric vehicle (EV) maker today raised the starting price of the Model Y Long Range in China by RMB 2,000 yuan ($280), according to the latest information on its Chinese website. The move brings the Model Y Long Range’s…
Japanese automakers are scrambling to avoid being squeezed out of the market by BYD and other Chinese EVs. Honda and Nissan are the latest to slash rates in overseas markets to boost demand. It’s no secret that Japanese automakers are some of the biggest laggards as the industry transitions to EVs. Those same companies are paying for it in overseas markets. According to a new report from Asia News Network, Nissan and Honda cut prices in Thailand and slashed interest rates to 0% to attract buyers. The move is rare, especially for Honda. CEO of Honda Automobile (Thailand), Hideo Kawasaka,…