CnEVPost Newsletter: NIO Q1 earnings preview; Tesla China-made vehicle sales

Jun 5, 2023

NIO Q1 earnings preview: Struggling along for another quarter

Deutsche Bank expects NIO to report soft results for the first quarter, with downside risk to margins, though some relief in on the way.

NIO may launch ET5 Touring on Jun 15, more photos revealed

NIO management aims to capitalize on the success of the Zeekr 001, which proves there is a sizeable local market for luxury sporty EV wagons, Deutsche Bank said.

NIO ES7 and ET7 wait times get slightly longer

Wait times for both the NIO ES7 and ET7 have gone from about 3 weeks to 3-4 weeks.

Tesla sells 77,695 China-made vehicles in May, up 2.44% from Apr

From January to May, Tesla sold 382,859 China-made vehicles, up 77.37 percent from 215,851 units in the same period last year.

Wuling mulls post-delivery fuel-engine option for Baojun Yep

Wuling is considering offering a range-extender option for the Baojun Yep, which would provide the mini EV with the ability to get an extra 80 kilometers of range by refueling.

BMW recalls 99 EVs in China for risk of power output interruption

The recall involves the locally produced i3 and iX3, as well as the imported i4, i7 and iX EVs.

Battery cell prices in China fall 9% MoM in May, report says

Strong increases in lithium carbonate prices will not be immediately reflected in lithium battery prices, and prices of other raw materials are still falling, TrendForce said.

Global EV battery market share in Jan-April: CATL 35.9%, BYD 16.1%

In January-April, CALB's power battery installations of 8.4 GWh surpassed Samsung SDI's 7.5 GWh, according to SNE Research.

China NEV wholesale in May at about 670,000 units, CPCA estimates show

From January to May, China's wholesale sales of passenger NEVs are expected to be 2.78 million units, up 46 percent year-on-year, the CPCA said.