CnEVPost Newsletter: Li Auto Beijing plant expected to start production in Aug; Morgan Stanley downgrades CATL rating
CnEVPost Newsletter: Li Auto Beijing plant expected to start production in Aug; Morgan Stanley downgrades CATL rating
Li Auto Beijing plant expected to start production in Aug, report says
Li Auto's Beijing plant is expected to see its first vehicle roll off the line by September, a local media report said in March.
Li Auto rumored to open larger stores in sales network expansion
Li Auto is preparing to open so-called "central stores" in select Chinese cities, moving away from its current model of opening only experience stores in shopping malls, local media said.
BYD sees cumulative sales of Han and Tang family models exceed 1 million
Cumulative sales of Han family models reached 505,062 units and Tang family reached 501,662 units.
Neta shipping new batch of 4,000 EVs to overseas markets
Neta is actively preparing for entry into the European market and will release a heavyweight global model, it said.
CATL shares plunge after Morgan Stanley downgrades rating to underweight
Second-tier battery makers may adopt a more aggressive pricing strategy to gain market share in the second half of the year, and CATL could face increasing risks to its market share and margins in the domestic market, Morgan Stanley said.
Svolt Energy plans to build battery plant in Thailand, report says
Svolt Energy is planning to invest $30 million to build a battery module pack plant in Thailand, according to local media.
The Phoenix battery will be in mass production next year and is expected to be used in production vehicles by the end of next year, Greater Bay said.
China NEV retail up 6% MoM to 557,000 in May, preliminary CPCA data show
The preliminary figure was below the CPCA's previous estimate of around 580,000 units, suggesting that the market performed below expectations in the last week of May.