CnEVPost Newsletter: NIO kicks off preparations for NIO Day 2023; BYD launches 2023 Yuan Pro
NIO is more likely to announce plans for its sub-brands than new NIO-brand models on NIO Day 2023.
With margins and cash burn looking worse following first-quarter earnings, XPeng management may be making its last stand with the G6, Deutsche Bank said.
Musk met with China's Minister of Industry and Information Technology and Minister of Commerce today. He met with China's foreign minister after arriving in Beijing yesterday and was seen meeting with CATL's chairman.
The Yuan family of models sold 39,160 units in April, making it the second highest-selling BYD model for the month.
Denza, which currently has only the Denza D9 MPV on sale, delivered 10,526 units in April, the second consecutive month with more than 10,000 units.
Neta delivered 11,080 vehicles in April, bringing its cumulative deliveries since inception to 285,305, according to data monitored by CnEVPost.
Geely is in the early stages of planning its entry into Thailand's EV market, including weighing imported and locally made models, Reuters reported.
In the first four weeks of May, retail sales of all passenger vehicles in China were 1,392,000 units, up 19 percent year-on-year but down 6 percent from the same period last month, according to the CPCA.
With the price of battery-grade lithium carbonate falling back to around RMB 300,000 per ton, the cost advantage of sodium batteries is seen as no longer prominent.
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