CnEVPost Newsletter: NIO secures new investment; China NEV insurance registrations
CnEVPost Newsletter: NIO secures new investment; China NEV insurance registrations
BREAKING: NIO secures $1.1 billion investment from Abu Dhabi fund
The investment will further strengthen NIO's balance sheet to power its continuous endeavors in accelerating business growth, driving technological innovations and building long-term competitiveness, said William Li.
China NEV insurance registrations for week ending Jun 18: Tesla 14,500, Li Auto 7,800, NIO 2,000
NIO was 2,000 units last week, higher than the previous week's 1,500 units. From June 1 to June 18 NIO sales were 4,800 units.
China's EV sector at crossroads as NIO joins bloody price war
NIO's about-face highlights the plight now facing China's EV makers, as they try to navigate an unexpected turn in the road that analysts say could stretch on for some time to come.
NIO completes key regulatory process for its 1st phone model
NIO's first phone model will be released and begin deliveries in the third quarter, William Li said in April.
XPeng signs partnership deal with home appliance giant Midea's auto parts unit
Midea's automotive parts division, Welling, will provide thermal management products, including electric compressors, for the entire XPeng model line.
Denza sees 1st production cars of N7 SUV roll off line
The Denza N7 will go on sale later this month, with deliveries to begin in July.
Leapmotor sees cumulative deliveries reach 200,000 units
That means Leapmotor has delivered 7,038 vehicles so far this month. The company delivered 12,058 vehicles in May.
Leapmotor partners with ZF to develop smart chassis
Leapmotor will enter the European market, and ZF will use its branding in Europe to help the NEV maker.
HiPhi begins accepting pre-orders for HiPhi X and HiPhi Z in Europe, deliveries to begin in Q3
HiPhi's third model, the HiPhi Y, which will be launched in China on July 15, will also be introduced to the European market soon and will be available for pre-order there by the end of the year.
Buick launches Electra E4 electric SUV in China at competitive pricing
The Buick Electra E4 starts at RMB 189,900 in China, with deliveries set to begin in July.
Qiantu's parent firm to establish joint venture in Jordan
The joint venture will bring Qiantu's K50, K20 and K25 to Jordan and serve the Middle East and North African markets, Qiantu said.
Data table: China NEV weekly insurance registrations
Weekly insurance registrations for vehicles of NIO, XPeng, Li Auto, Tesla, Zeekr, Neta, and Leapmotor are included in this article.