CnEVPost Newsletter: NIO launches new ES6; XPeng posts Q1 earnings

May 24, 2023

NIO officially launches new ES6, potentially lifting key factor holding back sales

NIO has produced a batch of the new ES6 and deliveries will begin on May 25. Deliveries of customized vehicles will begin in mid-June.

New NIO ES6 launch: Live updates

Including the battery, the new ES6 has a starting price of RMB 368,000 ($52,220) and the 150-kWh semi-solid-state battery pack will be available in July.

XPeng Q1 earnings miss expectations, gross margin falls to 1.7%

XPeng reported a negative 2.5 percent vehicle margin for the first quarter, a decline attributed to increased sales promotions and the expiration of the NEV subsidy.

XPeng Q1 earnings: Deutsche Bank's first look

"XPeng delivered even softer 1Q23 results than we previewed, accompanied by a muted 2Q outlook," Edison Yu's team said.

BYD rolls out 1st energy storage system using blade batteries

BYD has been using blade batteries in its full line of passenger cars and released a bus chassis platform using blade batteries in September last year.

LiDAR maker Hesai posts record Q1 revenue

Hesai began trading on the Nasdaq on February 9 and has suffered a prolonged sell-off since then, with a cumulative decline of more than 60 percent to date.

Lithium carbonate supply in China seen as still in surplus, despite recent price rebound

The overall supply-demand pattern in China's lithium carbonate market has not changed much, and remains oversupplied, industry sources said.