CnEVPost Newsletter: Li Auto raises H2 sales forecast; BYD to build industrial complex in Brazil

Jul 5, 2023

Li Auto raises H2 sales forecast to about 240,000 units, report says

Nio has given its supply chain a full-year sales forecast of 240,000 units, according to local media.

Li Auto reaches 400,000 cumulative delivery milestone

Li Auto has completed its latest 100,000-vehicle delivery in less than four months.

China NEV insurance registrations for week ending Jul 2: BYD 54,000, Nio ES6 1,900

The Tesla Model Y was the best-selling new energy SUV and the Model 3 was the best-selling new energy sedan in China last week.

Nio opens innovation center in Berlin to boost local R&D of software

Berlin innovation center will help Nio's electric vehicles get smarter in Europe and worldwide, the company said.

Nio ES6 wait time gets longer, ES7, ET7, ET5 Touring gets shorter

Nio had sales of 4,100 units last week, up 28.13 percent from 3,200 units the week before.

BYD to build industrial complex with three plants in Brazil

BYD will invest $620 million in the facility, which will include an electric bus and truck chassis plant, a new energy passenger car plant, and a processing plant specializing in LFP battery materials.

Denza N7 gets 11,687 firm orders in 24 hours after launch

Denza officially launched the Denza N7 on July 3, targeting the market where Tesla Model Y is located with a starting price of RMB 301,800.

China Jun NEV retail up 10% MoM to 638,000, preliminary CPCA data show

This is below the CPCA's June 25 estimate of about 670,000 units.

VW boosts investment in EV charging network in China

Volkswagen China and FAW-Volkswagen plan to jointly invest about 800 million yuan in charging station operator CAMS to accelerate the deployment of charging network in China.

Global EV battery market share in Jan-May: CATL 36.3%, BYD 16.1%

CATL's battery installed base grew 59.6 percent year-on-year in January-May, while BYD's grew 107.8 percent year-on-year, according to SNE Research.