BYD Song L electric cars at the 21st Changchun International Automobile Expo in Changchun, Jilin province, China, on July 17, 2024.
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SINGAPORE — Chinese automakers BYD, Leapmotor, and Xiaomi have raced past their annual delivery targets a month ahead of schedule, underscoring their rapid growth and strong market demand as the year comes to a close.
Electric vehicle juggernaut BYD delivered 504,003 passenger vehicles in November, up from last month’s 500,526. Its cumulative deliveries for passenger cars stand at 3,740,930, exceeding its initial full-year target of 3.6 million deliveries.
Meanwhile, Stellantis-backed Leapmotor saw 40,169 deliveries in November, up 5.22% from the previous month and 117% year on year. The company has delivered 251,207 cars year-to-date, surpassing its 250,000 annual delivery target.
Xiaomi, likewise, achieved the feat of surpassing its annual target of 100,000 deliveries midway through November. The company launched its first car, the SU7, in March this year.
For the full month of November, the Chinese phonemaker company delivered more than 20,000 cars for the second consecutive month this year. Xiaomi has revised its target to 130,000 deliveries by the end of the year.
Chinese electric carmaker Zeekr said Sunday it delivered 27,011 cars in November, beating the previous month’s record by 7.83%, and increasing by 106% year on year.
This month’s deliveries brings its full year’s deliveries to 194,933 — only slightly short of its full-year delivery target of 230,000 vehicles.
The Geely-backed automaker began deliveries of its new five-seater SUV Zeekr Mix on Oct. 23.
Xpeng also achieved an all-time best with 30,895 deliveries in November, up 29% from the previous month.
The deliveries included the company’s mass-market car, Mona M03, which exceeded 10,000 deliveries for the third consecutive month. Xpeng launched Mona M03 in late August with prices starting at $16,812, while Tesla’s cheapest car, the Model 3, starts at 231,900 yuan ($31,897).
Xpeng’s November deliveries also included more than 7,000 deliveries of the P7+, which launched Nov. 7 and received 31,528 orders by midnight that day.
Premium brand Niodelivered 20,575 cars in November, up 28.9% year on year. Deliveries included 5,082 vehicles from its lower-priced brand Onvo, which was launched in September.
In a Nov. 20 earnings call, the company said it aimed to deliver between 72,000 and 75,000 cars in the fourth quarter. That means Nio has to deliver at least 30,449 cars in December to meet the minimum target.
Nio will also launch its Firefly brand on Dec. 21, CEO William Li said in the same call. Co-founder and president Qin Lihong confirmed to local media last month that the car would be purely electric, refuting local media claims of a potential hybrid model.
Nio’s full-year delivery target for 2024, derived from quarterly guidance, ranges from 218,000 to 227,000 deliveries. Per CNBC’s calculations, Nio has delivered a total of 190,832 cars year-to-date.
The company shared plans to double electric car deliveries next year in the earnings call, with a target of 20,000 Onvo cars per month by March 2025.
Li Auto, whose cars mostly come with a fuel tank to extend the battery’s driving range, delivered 48,740 cars in November, down 5.25% from October’s deliveries. As of end-November, the company delivered 441,995 cars out of its annual goal of 480,000.
The company previously aimed to deliver 800,000 cars for the full year, but cut its target in June.
Huawei-backed Aito did not disclose its November deliveries, but announced on Nov. 27 that it had delivered over 180,000 units of the M7.
And amid the intensifying price war in China, American automaker Teslacut prices by 10,000 yuan for its Model Y through Dec. 31. With the discount, the Model Y now retails at 239,900 yuan.
Tesla is now buying advertising on Elon Musk’s X (formerly Twitter) to get Tesla shareholders to vote for his CEO compensation package worth up to $1 trillion in stock options.
Tesla, under Elon Musk’s leadership, has famously been against advertising. The CEO is even on the record saying that he “hates advertising” and that “other companies spend money on advertising and manipulating public opinion, Tesla focuses on the product.”
However, that was before he acquired Twitter, now X, which relies heavily on advertising.
The automaker is in a full-on marketing blitz to convince shareholders to vote for the package and to allow Tesla to issue more shares in exchange.
Now, Tesla is even buying social media ads to push shareholders to vote for Musk’s compensation package and they are even buying ads on Musk’s privately owned platform, X:
They are also buying ads on Instagram, Facebook, and Reddit.
As we previously reported, Tesla’s board has claimed that voting for the compensation package will determine the future of Tesla.
Musk went even further and linked his compensation package to the future of the world.
Earlier today, the CEO claimed that his compensation plan is not about money, but about control over Tesla:
It’s not about “compensation”, but about me having enough influence over Tesla to ensure safety if we build millions of robots. If I can just get kicked out in the future by activist shareholder advisory firms who don’t even own Tesla shares themselves, I’m not comfortable with that future.
The CEO previously threatened Tesla shareholders not to build AI products at Tesla, despite claiming they were critical to the company’s future, if he doesn’t get 25% control over the company.
Electrek’s Take
The CEO of a publicly traded company threatens shareholders to gain control over the company and uses company funds to purchase ads that benefit his privately held company, with the goal of persuading the shareholders of the publicly traded company to give him more money.
If that’s not late-stage capitalism, I don’t know what is.
Also, I know I won’t shock anyone here, but Elon is lying about this not being about money.
If he wants to increase his percentage of Tesla shares, he could do exactly what his friend Larry Ellison did with Oracle and do long-term buybacks. It would benefit everyone, but it’s not what he wants. He wants the shiny new stock options.
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Voltpost just rolled out the Voltpost Air, its next-gen lamppost EV charger in New York City, and this one comes with a key twist: it’s mounted 10 feet above ground.
The Voltpost Air uses that elevated design with a retractable cable system to protect against weather damage and vandalism, setting it apart from Voltpost’s original curbside charger. It’s also built for faster installation, broader pole compatibility, and better reliability.
It can be installed on both wooden and metal lampposts and utility poles, curbside or in parking lots. Site hosts can deploy one or two chargers per pole, making it a flexible option for cities and property owners. Drivers can pay with the app or by tapping with a credit card. Voltpost Air supports Level 2 charging, up to 9.6 kW per charging port.
Luke Mairo, COO and cofounder of Voltpost, said that “the modular design and quick installation reduce costs and complexity, making it easier than ever to expand charging infrastructure.” Voltpost is already operating chargers in Oak Park, Illinois, and at the American Center for Mobility near Detroit. The company has projects underway in New York, California, Michigan, Illinois, Connecticut, and Massachusetts.
Former US Joint Office of Energy and Transportation executive director Gabe Klein, now a Voltpost board advisor, said, “The transition to renewable transportation requires bold, scalable solutions that can integrate seamlessly into existing urban infrastructure. Technologies like Voltpost’s lamppost chargers are vital because they unlock new opportunities to deploy EV charging.”
The Brooklyn installation is part of New York City Economic Development Corporation’s (NYCEDC) Pilots at Brooklyn Army Terminal (BAT) program, which supports climate-tech companies in scaling new solutions. It’s expected to be available to the public by the end of the year. New York State Energy Research and Development Authority (NYSERDA) president and CEO Doreen M. Harris called the model “highly replicable” and said it could be adopted across New York State.
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Voltpost Air is now available for deployment at public and private sites.
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Is Kia’s electric van finally coming to the US? The Kia PV5 was caught testing with a unique design, hinting it’s destined for the US.
Is Kia’s electric van coming to the US?
Although Kia has yet to announce it publicly, all signs point to the PV5 launching in the US. In February, the electric van was first spotted charging at a station in Indiana.
A few photos and a video sent to Electrek confirmed it was indeed the Kia PV5. The sighting came somewhat as a surprise, as the only official statement from Kia said the PV5 would arrive in Europe and South Korea this year, followed by “launches in other markets” in 2026, but no mention was made of the US.
After another PV5 was spotted in Arizona, rumors that Kia’s electric van was coming to the US began to surface again.
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Kia still has yet to confirm or deny a US launch, but another sighting hints at the PV5’s imminent debut. The latest spotting, by KindelAuto, appears to be of the US-spec 2026 Kia PV5.
It looks about the same as the Kia PV5 Passenger, which is already available in parts of Europe and South Korea. However, although it’s not very clear, Kia’s electric van appears to have added side marker lights, a requirement in the US.
Following its launch in the UK earlier this year, the Kia PV5 Passenger is now being introduced to new European markets.
The Kia PV5 Passenger electric van (Source: Kia)
In the UK, it starts at £32,995 ($44,000) on the road. In Germany, the PV5 Passenger is priced from €38,290 ($45,000) or €249 per month.
Kia’s electric van is available in two variants: Passenger, for everyday driving, and Cargo, for business use. The PV5 Passenger is available with two battery pack options: 51.5 kWh and 71.2 kWh, providing WLTP ranges of 183 miles and 256 miles, respectively. Meanwhile, several more variants are on the way.
Kia PV5 tech day (Source: Kia)
During its PV5 Tech Day in July, we learned that Kia plans to launch seven PV5 body types, including a Light Camper, a premium “Prime” Passenger model, and an open bed version.
We’ll have to wait for the official word, but there’s still hope Kia’s electric van will make it to the US. We should find out soon. Can we get the EV5 too? That might be pushing it.
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