Author: admin

The Bao 5 SUV is available in three variants with a starting price of RMB 289,800 and can accelerate from 0 to 100 km/h in 4.8 seconds. (Image credit: Fang Cheng Bao) Fang Cheng Bao, the personalized sub-brand of BYD (OTCMKTS: BYDDY), has officially launched its first model, the Bao 5, with first deliveries set to begin this month. Fang Cheng Bao rolled out the off-road SUV at today’s launch event, offering three variants with starting prices of RMB 289,800 ($39,780), RMB 309,800, and RMB 352,800, respectively. The plug-in hybrid model went on pre-sale on August 25, the first day…

Li Auto’s third-quarter results were somewhat mixed, with a strong outlook for fourth-quarter sales, according to Deutsche Bank. Li Auto (NASDAQ: LI) today reported third-quarter revenue that beat expectations, and as usual, Deutsche Bank analyst Edison Yu’s team shared their first impressions of the results. Li Auto’s third-quarter results were mixed, with a strong outlook for fourth-quarter volume, the team noted. The company guided for 125,000-128,000 deliveries in the fourth quarter, above Deutsche Bank’s 119,000-unit forecast. “Management typically guides conservatively so we suspect 130,000 is achievable,” the team said. Below is the full text of the team’s note. 3Q23 Earnings…

Hyundai is developing a new generation of lithium iron phosphate (LFP) batteries for affordable EVs, The Korea Herald reported this week. The automaker is undertaking a two-year joint venture with battery makers based in its home country of South Korea that aims to see development work on LFP batteries completed in 2024, and for the batteries to be used in production EVs beginning in 2025, according to the report. LFP batteries don’t depend as much on rare materials, and they support fast charging. Cold weather and high-performance situations remain challenges, but overall affordability has made them attractive to automakers. Hyundai…

Li Auto reported gross margin of 22.0 percent in the third quarter, higher than 12.7 percent in the same period last year and 21.8 percent in the second quarter. https://img.cnevpost.com/2023/11/09173854/2023110909385464.mp3 Li Auto (NASDAQ: LI) reported strong third-quarter earnings, as it saw record quarterly deliveries. The company generated record revenue of RMB 34.68 billion ($4.75 billion) in the third quarter, beating market expectations of RMB 33.641 billion, according to its unaudited earnings report released today. This represents a year-on-year increase of 271.2 percent and a 21.0 percent increase from the second quarter, exceeding the upper end of the previous guidance range…

Sign up for daily news updates from CleanTechnica on email. Or follow us on Google News! It appears that electrifying everything with renewable energy isn’t as simple as it sounds. As Australia moves towards a 100% renewable grid (it was 70% across the eastern states at midday yesterday as I write this), there have been many hiccups along the way. I have read and written about issues to do with financing, installing, and connecting both small generating devices (like rooftop solar on apartment buildings) and large solar farms in the rhombus of regret in Victoria. Renewable energy, simples? It can…

Listen to a recap of the top stories of the day from Electrek. Quick Charge is available now on Apple Podcasts, Spotify, TuneIn and our RSS feed for Overcast and other podcast players. New episodes of Quick Charge are recorded Monday through Thursday and again on Saturday. Subscribe to our podcast in Apple Podcast or your favorite podcast player to guarantee new episodes are delivered as soon as they’re available. Stories we discuss in this episode (with links): Subscribe to the Electrek Daily Channel on Youtube so you never miss a day of news Follow Mikey: Twitter @Mikey_Electric Listen & Subscribe: Share your thoughts! Drop us…

The price of the Model 3 Long Range has been raised by RMB 1,500 in China, while the Model Y Long Range has gone up by RMB 2,500. https://img.cnevpost.com/2023/11/09083732/2023110900373165.mp3 (Image credit: CnEVPost) Tesla (NASDAQ: TSLA) has made small price hikes to the long range versions of the Model 3 and Model Y in China, after a multi-day warming up. Effective immediately, the price of the Model 3 Long Range has increased by RMB 1,500 ($206) in China, and the Model Y Long Range has increased by RMB 2,500, the US electric vehicle (EV) maker announced today on Weibo. The Model…

China’s dominance of the supply chain for battery materials is undisputed at the moment, but other countries are making efforts to break free from it. That’s one of the main goals of the Inflation Reduction Act introduced in the United States last year, and it looks like South Korea is also working actively in this direction, including when it comes to lithium iron phosphate (LFP) batteries. Case in point: Hyundai Motor Group is expected to complete the development of its LFP tech late next year, according to local media reports via The Korea Herald. That could mean cheaper, easier-to-scale EVs from…

Sign up for daily news updates from CleanTechnica on email. Or follow us on Google News! A couple of months ago, I wrote a review of the Bluetti EP500 Pro energy storage system. As a Floridian, it hit me after a particularly bad hurricane in 2022 that I should have a backup power source for when the next bad hurricane hits and we lose electricity for an extended period of time again. Bluetti was kind enough to send over the EP500 Pro (a $3,999 retail value) for extended review. Bluetti also sent over the complementary solar panels later on. Here’s…

More than 9.4 million plug-in electric cars were sold during the first nine months of 2023, accounting for about 16 percent of the total car sales globally. Today, we will take a look at the largest manufacturers (automotive groups) of rechargeable cars. According to EV-Volumes data, shared by researcher Jose Pontes, five OEMs continued to be responsible for more than half of all plug-in car sales. See September and year-to-date sales results here. First, we will check out the volume and share of the top OEMs in the overall plug-in market first and then in the battery-electric segment. In the…