CnEVPost Newsletter: NIO reports Q1 earnings; XPeng begins G6 pre-sale; BYD unveils sub-brand
CnEVPost Newsletter: NIO reports Q1 earnings; XPeng begins G6 pre-sale; BYD unveils sub-brand
NIO Q1 earnings miss expectations, gross margin drops to 1.5%
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 Q1 earnings call: Live text updates
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.
Q1 earnings: How does NIO compare to XPeng and Li Auto?
NIO and XPeng both saw net losses in the first quarter, while Li Auto posted net income.
NIO to launch 'brand new NIO models' in Europe on Jun 15
NIO could bring the ET5 Touring and the new ES6 to European customers at a launch event next week.
NIO offers new options for ET5, ES7 and new ES8
ET5 and ES7 add gold exterior option, ET5, ES7 and new ES8 all add front wiper defrost feature.
XPeng begins pre-sales of G6 with starting price significantly lower than Tesla Model Y
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 surges in HK as investors seem to like G6's pre-sale price
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.
BYD officially names F brand Fang Cheng Bao, initial model to be launched this year
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.
Analysts list 2 major issues Tesla must address before bringing FSD to China
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 to supply CTP battery pack production line to Thailand's Arun Plus
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 to invest up to $1.4 billion in Hungary battery plant
Eve Energy will build a project for large cylindrical batteries for passenger cars in Hungary over a four-year construction period.
China NEV sales up 12.74% MoM to 717,000 in May, CAAM data show
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.
China EV battery installations in May: BYD extends lead in LFP market
CATL remains the largest power battery maker in China, but BYD's lead in the LFP market expanded in May.