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NIO launches Battery as a Service (BaaS) in China; battery swap system

Green Car Congress

Premium EV manufacturer NIO has launched Battery as a Service (BaaS) for customers in China. NIO BaaS users can purchase a car without the battery, making EVs more price competitive against existing powertrains, while also providing the flexibility to change battery capacity depending on their needs and pay accordingly.

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Tesla hints at upcoming Model Y price hike in China

Teslarati

It appears that Tesla China is poised to raise the price of the Gigafactory Shanghai-made Model Y crossover. The expected price hike comes just weeks after the electric vehicle maker increased the price of the Model Y Performance by RMB 14,000 (around $1,920). Don’t hesitate to contact us with news tips.

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BloombergNEF annual battery price survey finds prices fell 6% from 2020 to 2021

Green Car Congress

Lithium-ion battery pack prices, which were above $1,200 per kilowatt-hour in 2010, have fallen 89% in real terms to $132/kWh in 2021, according to a new report from BloombergNEF (BNEF). All prices are in real 2021 $, unless stated as nominal.) At the cell level, average BEV prices were just $97/kWh.

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BMW Group extends joint venture contract in China until 2040

Green Car Congress

BMW Group now holds 75% of the shares in BBA, while its Chinese partner, Brilliance China Automotive Holdings Ltd. It will also be used to manufacture additional fully electric models in China. Founded in 2003 with Chinese partner Brilliance China Automotive Holdings Ltd. CBA), indirectly holds the remaining 25%. against 2020).

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Tesla cuts prices in China on Model Y configurations

Teslarati

Tesla is cutting prices in China on its Model Y crossover by as much as 4.5 The automaker’s Model Y Long Range and Performance configurations both dropped in price. Tesla has slashed prices frequently this year, with most cuts coming during the first few months of 2023. The drops are by 4.5 percent, respectively.

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Tesla China launches Enhanced Autopilot subscriptions

Teslarati

Tesla has launched subscriptions for Enhanced Autopilot (EAP) in China, as many expect that the company could soon launch its Full Self-Driving (FSD) in the country. Tesla currently also offers EAP in China for a one-time purchase of 32,000 yuan (~$4,509), as can be seen on the company’s order configurator. In the U.S.,

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China auto price war: BMW dealers offer discounts of up to $14,360 for i3

CN EV Post

A rare price stampede is taking place in the Chinese auto market. Image from BMW China Weibo) As a large number of car companies in China are offering huge subsidies or price cuts, BMW is offering more than 100,000 yuan ($14,360) off its all-electric model, the i3, according to local media.

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