Phate Zhang

Shanghai Shi

Founder and Editor at CnTechPost

Founder and Editor at CnEVPost

China EV industry database.

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Articles

Xiaomi's EV business brings in $2.5 billion in revenue in Q1, up 11% from Q4

1 week ago | cnevpost.com | Phate Zhang

Xiaomi's innovative businesses, which include EV and AI, posted a gross margin of 23.2 percent in the first quarter, up from 20.4 percent in the fourth quarter last year. In the first quarter, Xiaomi delivered 75,869 SU7 series vehicles, up 8.86 percent from 69,697 in the fourth quarter. Xiaomi's (HKG: 1810, OTCMKTS: XIACY) electric vehicle (EV) business saw sequential growth last quarter, even as the industry as a whole entered a slow season early in the year.
China EV insurance registrations for week ending May 25: Nio 3,840, Tesla 11,000, Xiaomi 6,800

1 week ago | cnevpost.com | Phate Zhang

Nio Inc, which includes the Nio, Onvo and Firefly brands, had 6,530 insurance registrations in China last week, down 1.80 percent from the previous week. Tesla's insurance registrations in China last week were down 1.17 percent from 11,130 units in the previous week. Major electric vehicle (EV) makers continued to see a mixed performance in insurance registrations in China last week.
China's 1st large-scale lithium-sodium hybrid energy storage station goes into operation

1 week ago | cnevpost.com | Phate Zhang

The energy storage station uses the latest high-capacity sodium-ion batteries with a top response speed six times faster than other existing sodium-ion batteries. It can store 800,000 kWh of electricity per day, which can be used by 270,000 households. China's first large-scale lithium-sodium hybrid energy storage station has been put into operation, capable of powering hundreds of thousands of homes, as sodium-ion batteries are more widely adopted.
Pony AI reaches deal to deploy robotaxi fleet in Dubai

1 week ago | cnevpost.com | Phate Zhang

Pony AI has entered into a partnership with Dubai's Roads and Transport Authority (RTA) to deploy its robotaxi fleet in the region. Chinese autonomous driving startup Pony AI (NASDAQ: PONY) has entered into a partnership with Dubai's Roads and Transport Authority (RTA) to deploy its robotaxi fleet in the region. Below is its statement, as the CnEVPost article is being updated.
Changan starts deliveries of electric sedan built on CATL's battery swap tech

1 week ago | cnevpost.com | Phate Zhang

Changan delivered the first 1,000 Oshan 520 sedans built on CATL's battery swap standard for use as cabs. This marks the scale adoption of CATL Choco-SEB's standardized battery swap models in the mobility market. Changan Automobile has started its first major delivery of a model based on CATL's (SHE: 300750) battery swap technology, marking a milestone for the latter in the battery swap segment.
Xiaomi to showcase YU7 SUV at Shenzhen auto show starting May 31

1 week ago | cnevpost.com | Phate Zhang

Xiaomi will showcase the YU7 at the Shenzhen auto show starting this weekend, which will mark the debut of its first SUV model at an auto show. The 2025 Shenzhen auto show will take place between May 31 and June 8. Xiaomi (HKG: 1810, OTCMKTS: XIACY) will showcase the YU7 at a major auto show starting this weekend, marking the debut of its first SUV (sport utility vehicle) model at an auto show.
BYD shares fall after wide-ranging price discounts

1 week ago | cnevpost.com | Phate Zhang

BYD stock was down 6.53 percent in Hong Kong and 3.89 percent in Shenzhen at press time. BYD has started offering wide-ranging discounts, raising concerns about stiffer competition. BYD (HKG: 1211, OTCMKTS: BYDDY) shares traded in both Hong Kong and Shenzhen were down in early Monday trading, as wide-ranging price discounts stoked the risk of a price war. BYD fell 6.53 percent to HK$434.8 in Hong Kong and 3.89 percent to RMB 389.25 in Shenzhen at press time.
Nio launches updated ET5, ET5T with unchanged pricing

1 week ago | cnevpost.com | Phate Zhang

The updated ET5 and ET5T both start at RMB 298,000 ($41,500) including the battery pack. The ET5 contributed 11.94 percent of Nio Inc's full-year deliveries in 2024, and the ET5T contributed 22.92 percent. Nio (NYSE: NIO) today officially launched the updated ET5 sedan and ET5T wagon, with an unchanged starting price but bringing multiple feature upgrades. Including the standard 75-kWh range battery pack, both models start at RMB 298,000 ($41,500), the same as their predecessors.
BYD offers wide-ranging price discounts, raising price war risk in China

2 weeks ago | cnevpost.com | Phate Zhang

BYD has made wide-ranging price cuts to its Dynasty and Ocean series models, offering discounts of 10 percent to 30 percent. Analysts believe this could lead to further price competition in China and spark more rivals to follow suit. BYD (HKG: 1211, OTCMKTS: BYDDY) has began to offer wide-ranging price discounts on its Dynasty and Ocean lineup of models, which analysts say heightens the risk of a price war.
Regulatory filing: Geely Galaxy to launch new hybrid sedan A7

2 weeks ago | cnevpost.com | Phate Zhang

The Geely Galaxy A7 is 4,918 mm long and has an engine with a displacement of 1,499 ml. Spy shots last week hinted at a range of up to 2,100 kilometers for the model. Geely Galaxy will launch a new hybrid sedan, the A7, as the Geely Auto sub-brand continues to enrich its product matrix. China's Ministry of Industry and Information Technology (MIIT) today released a new regulatory catalog for public comment, and the Geely Galaxy A7 is included.