CnEVPost Newsletter: China NEV weekly sales; XPeng earnings preview
CnEVPost Newsletter: China NEV weekly sales; XPeng earnings preview
China NEV insurance registrations for week ending May 14: BYD 46,892, Tesla 9,990, NIO 1,200
NIO's sales appear to continue to be dampened by the upcoming new ES6, as potential consumers may be waiting for this more cost-effective SUV.
China NEV retail up 101% YoY in May 1-14, CPCA data show
As price wars fade and consumer wait-and-see sentiment eases, pent-up demand has been released, the CPCA said.
XPeng Q1 earnings preview: Counting down to G6
XPeng's financial performance in the first quarter and its outlook for the second quarter will be weak, though the company may see a turnaround after the launch of G6, according to Edison Yu's team.
VW reportedly in talks to use Huawei software in its cars in China
Volkswagen is one of the top-selling car companies in China, but it is lagging behind local carmakers in the country's NEV market.
China issues policy to support NEV consumption in rural areas
A government document voices support for NEV development in rural areas in terms of NEV purchases, charging infrastructure development, and consumer education.