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In the latest price update that nobody bothered to officially announce, Tesla made its most expensive paint option – Midnight Cherry Red – a bit more affordable for customers in Europe and the Middle East. Previously, the special paint that’s only available to German-made Model Ys had a price tag of €3,200, which is roughly equivalent to $3,400, but after the price cut purchasers can tick that option in the online shop for €2,600, or about $2,750. As a result, Tesla’s other special, German-only paint color, Quicksilver, became the most expensive paint with a price of €3,000 or approximately $3,200.…

The Neta X replaces the Neta U-II, with the starting price lowered by RMB 9,000 and a limited time discount of RMB 18,000. https://img.cnevpost.com/2023/10/18211235/2023101813123586.mp3 (Image credit: Neta) Neta Auto, the electric vehicle (EV) brand of Chinese company Hozon Auto, has launched a new model, the Neta X, bringing a lower price tag and a high-end cockpit chip used only in flagship models. Neta launched the model, a facelift of the previously available Neta U-II, at an event today. The approach is similar to the company’s launch of the Neta Aya, a facelift of the Neta V, in August. The Neta…

The 2024 Kia EV6 gets a new trim that gives buyers more range at a lower price. News of the 2024 EV6 Light Long Range was originally found by Green Car Reports’ partner site CarsDirect, citing a dealership order guide, but GCR has since confirmed the new model’s arrival with Kia USA. The Light Long Range will cut the price of the EV6’s larger 77.4-kwh battery pack by up to $2,750. That’s the difference between the Light Long Range’s $45,950 base price (including destination) in single-motor rear-wheel-drive form and that of the next-highest Wind trim level. The EV6 Wind’s base…

So far this year, China’s passenger NEV retail sales amounted to 5,482,000 units, up 34 percent year-on-year. https://img.cnevpost.com/2023/10/18184518/2023101810451898.mp3 (Image credit: CnEVPost) From October 1 to October 15, China’s passenger new energy vehicle (NEV) retail sales stood at 294,000 units, up 42 percent year-on-year and up 8 percent from the same period last month, according to data released today by the China Passenger Car Association (CPCA). So far this year, retail sales of passenger NEVs in China stood at 5.482 million units, up 34 percent year-on-year. From October 1 to October 15, China’s passenger NEV wholesale sales were 291,000 units, down…

Xpeng said it will unveil its cutting-edge technology roadmap for autonomous driving and mobility ecosystem, including its smart EVs and robotics. https://img.cnevpost.com/2023/10/18181341/2023101810134159.mp3 Xpeng (NYSE: XPEV) will hold its annual Tech Day event next week, with autonomous driving technology, robotics, and artificial intelligence (AI) expected to be the key topics. Xpeng will hold its Tech Day 2023 event on Tuesday, October 24, the Chinese electric vehicle (EV) maker said in an English-language statement today. Xpeng will unveil its cutting-edge technology roadmap for autonomous driving and mobility ecosystem, including its smart EVs and robotics, the company said. A live Chinese-language broadcast of…

Nio is committed to a direct sales network in Europe, and the Firefly project is evaluating multiple channel models in Europe, including direct and dealer models, it said. https://img.cnevpost.com/2023/10/18171112/2023101809111273.mp3 (Image credit: CnEVPost) Nio (NYSE: NIO) said its main brand remains committed to a direct sales model in Europe, while a sub-brand codenamed Firefly will have more flexibility, after a report that it was considering a distributor network in Europe generated buzz. “There are no changes to the way the Nio brand is marketed and vehicles are sold in Europe,” the EV company said in a response shared with CnEVPost. Nio…

After Nio’s president said last month that European sales had fallen short of expectations, the company has begun evaluating dealers in key European markets, according to Reuters. https://img.cnevpost.com/2023/10/18162723/2023101808272321.mp3 (Image credit: CnEVPost) Nio (NYSE: NIO) is reportedly considering a dealer network in Europe, which if true would signal a departure from the company’s previous insistence on moving its direct sales model overseas. Nio is considering building a dealer network in Europe to speed up sales growth, Reuters said in a report today, citing three people familiar with the matter. The Chinese electric vehicle (EV) maker has begun assessing dealers in key…

Shares of Xpeng have fallen back to the level prior to the Volkswagen deal, despite improving operations and strategic opportunities, Morgan Stanley noted. https://img.cnevpost.com/2023/10/18152342/2023101807234248.mp3 Xpeng (NYSE: XPEV) has lagged two other peers — Nio (NYSE: NIO) and Li Auto (NASDAQ: LI) — over the past week, falling 4.89 percent in the US on Monday. Analysts at Morgan Stanley shared their thoughts on this in a research note, remaining bullish on the Chinese electric vehicle (EV) maker. Worries over competition and, to a lesser extent, third-quarter margin, dampened share price performance: the ADR of Xpeng fell 4.9 percent on Monday, while…

Smart, the European carmaker that established itself by making very small city cars in the 1990s, has revealed a new base trim level for its entry-level electric crossover dubbed #1. With a base price of €37,490 in Germany, which is about $39,700, the new “Pro” variant is powered by a 49-kilowatt-hour lithium iron phosphate (LFP) battery that’s good for a WLTP-rated driving range of 192 miles (310 kilometers), which should be enough for the urban streets of major European cities. For reference, all the other trim levels get juice from a slightly larger, 66-kWh nickel cobalt manganese (NCM) battery that…

WM Motor has denied reports that its founder Freeman Shen has fled to the US, leaving behind nearly RMB 40 billion in investments and debts. https://img.cnevpost.com/2023/10/18141821/2023101806182132.mp3 (Image credit: CnEVPost) Financially troubled Chinese electric vehicle (EV) startup WM Motor filed for a so-called “pre-restructuring” last week, and recent rumors have suggested that its founder has fled to the US to escape a massive debt. Now the company has clarified. WM Motor has not filed for bankruptcy, and is currently in the pre-restructuring phase accepted by the Shanghai No. 3 Intermediate People’s Court, it said in a statement posted on Weibo today.…