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The Song L is the second shooting brake-style SUV under the BYD umbrella, with the NEV maker’s premium Denza brand’s Denza N7 being the group’s first such model. https://img.cnevpost.com/2023/10/31210729/2023103113072829.mp3 (Image credit: BYD) BYD (OTCMKTS: BYDDY) has begun pre-sales of the Song L, the second shooting brake style SUV under the new energy vehicle (NEV) giant’s umbrella. With a pre-sale price range of RMB 220,000 ($30,070) to RMB 280,000, the Song L will be a pioneering choice for mainstream Chinese families, BYD said today. Built on BYD’s e-Platform 3.0, the Song L is available in five versions, including four single-motor versions…
Ford is delaying production at one of two EV battery plants located on a common site in Kentucky, the Louisville Courier Journal reports. Citing lower-than-expected demand for EVs, Ford will continue construction of the two plants comprising the BlueOval SK Battery Park, a joint venture with battery supplier SK On in the state that’s being financed with part of a $9.2 billion government loan. But one plant’s opening has been put on hold. The first plant remains on track to open in 2025. The second plant was originally slated to begin production in 2026, but that date is now uncertain.…
Have you ever felt the need to walk faster in your daily life? Well, neither have I, but technology, as it does, continues to advance each and every day, bringing forth all sorts of weird and wonderful creations. The Moonwalkers, a new innovation developed by a startup called Shift Robotics, are an example of this. To some people, the idea they embody is completely absurd. Meanwhile, to others, they could be the future of walking as we know it. Walking is the most natural means of mobility we as human beings have, and while electric scooters and bicycles are revolutionizing…
BYD had a record gross margin of 25.7 percent for its auto business in the third quarter, a 4-percentage point improvement from the second quarter. https://img.cnevpost.com/2023/10/31194804/2023103111480357.mp3 (Image credit: CnEVPost) BYD (OTCMKTS: BYDDY) reported strong third-quarter earnings yesterday, and analyst comments provided more insight into the results. Excluding BYD Electronic, BYD’s gross margin in its automotive business was a record 25.7 percent in the third quarter, a 4-percentage-point improvement from the second quarter, said Essence Securities analyst Xu Huixiong’s team in a research note today. The team sees four main reasons behind this: China’s auto industry saw favorable demand and milder…
Electric motorcycles have demonstrated superior performance in many areas from acceleration to speed and even towing, but they’ve long trailed behind ICE-bikes when it comes to range. That’s set to change with the launch of the new 2024 Evoke 6061-GT electric motorcycle, now preaparing to make its North American debut. Evoke Motorcycles has built urban-oriented naked bikes for years, focusing on sporty commuter designs. With the launch of its original 6061 design in 2020, the Beijing-based company entered the cruiser market with a novel frame concept. The twin-plate aluminum exo-frame wasn’t just innovative looking, it also offered a rarely seen…
Between October 1 and October 29, insurance registrations were 14,100 for Nio, 15,200 for Xpeng, 36,800 for Li Auto and 27,300 for Tesla in China. Insurance registrations in China for the major electric vehicle (EV) companies were mostly up last week, with the usual upward pulse as the month ends. For the week of October 23 to October 29, Li Auto (NASDAQ: LI) sold 10,000 vehicles, continuing to lead the pack among China’s new car makers, the company said today on Weibo. As before, Li Auto didn’t explain the basis for calculating the weekly sales, but apparently, they were insurance…
By the end of the year, Yangwang aims to open more than 90 directly-managed stores in more than 40 cities in China. https://img.cnevpost.com/2023/10/31113223/2023103103322276.mp3 (Image credit: Yangwang) In addition to its personalized brand Fang Cheng Bao, BYD’s (OTCMKTS: BYDDY) premium Yangwang brand is also rapidly expanding its sales network. Yangwang’s first 22 stores have opened for trial operations, covering 21 cities including Shanghai, Shenzhen, Chengdu, Hangzhou, Suzhou and Qingdao, the brand announced yesterday. By the end of the year, Yangwang will open more than 90 directly-managed stores in more than 40 cities in China, the brand said. BYD officially launched the…
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Chevrolet has confirmed a few more details regarding the upcoming Equinox EV—including more detail on its arrival timing, a price hike for the base version, and the attraction of a nearly 320-mile range for an effective cost in some cases of under $30,000. In a press call Monday afternoon, GM revealed that the base Chevrolet Equinox EV will launch in calendar year 2024 with a starting price of $34,995—before the $7,500 EV tax credit that most buyers will likely qualify for and, starting next year, be able to claim up front at the dealership. That puts the effective starting price…
The progressing expansion of the electric vehicle market and huge expectations about future growth have prompted massive EV-related investments in the U.S. Aside from new EV factories and a small tsunami of EV battery factories, there is also a significant wave of new EV charging equipment factories coming right now, an analysis of Department of Energy data shows. The DOE’s Vehicle Technologies Office highlights that since 2021, manufacturers have announced more than $500 million in EV charger investments. This includes all types of electric vehicle charging equipment, including Level 2 AC charging points, DC fast chargers and some wireless charging systems…