CnEVPost Newsletter: NIO reports Q1 earnings; XPeng begins G6 pre-sale; BYD unveils sub-brand
NIO guided for second quarter vehicle deliveries to be between 23,000 and 25,000 units, meaning it expects June deliveries to be in the range of 10,187-12,187 units.
NIO is confident it will see sales of more than 20,000 units per month in the second half of the year, but its goal of achieving profitability in the fourth quarter may have to be delayed, its management said.
NIO and XPeng both saw net losses in the first quarter, while Li Auto posted net income.
NIO could bring the ET5 Touring and the new ES6 to European customers at a launch event next week.
ET5 and ES7 add gold exterior option, ET5, ES7 and new ES8 all add front wiper defrost feature.
G6 show cars are already available at XPeng stores, and the model will be officially launched on June 29, with deliveries starting in July.
XPeng's stock traded in Hong Kong continues to rally after the announcement of the G6's pre-sale price, currently up about 5 percent.
Fang Cheng Bao's model lineup ranges from off-road vehicles to sports cars, and its initial model, a hardcore SUV codenamed SF, is expected to be launched this year.
While the overall trend is for FSD to enter China, there are still two major issues before it becomes a reality -- data collection eligibility and supercomputing centers, according to CITIC Securities.
CATL and Arun Plus have entered into a CTP partnership agreement to provide the Thai company with a CTP production line and share CTP production technology.
Eve Energy will build a project for large cylindrical batteries for passenger cars in Hungary over a four-year construction period.
China's auto industry still needs to further recover and expand demand, and the release of consumption potential needs to be accelerated, the CAAM said.
CATL remains the largest power battery maker in China, but BYD's lead in the LFP market expanded in May.
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