CnEVPost Newsletter: Nio's new milestone; New EV filings in China
Nio has provided 5 million battery swap services in the last 102 days, meaning an average of about 50,000 services per day.
As of today, Nio's battery swap network has achieved coverage of six vertical highways, four horizontal highways and eight city clusters in China.
In early June, a media report said Li Auto's Beijing plant is expected to be completed and start production in August.
BYD's earnings preview implies that its net profit for the second quarter will be RMB 6.37 billion to RMB 7.57 billion, up 128.56 percent to 171.62 percent year-on-year.
BYD has submitted a $1 billion investment proposal to partner with a local company to produce EVs and batteries in India, according to Reuters.
BYD unveiled the model on the first day of the Shanghai auto show on April 18, with a starting price of RMB 200,000 yuan to 250,000 yuan and an expected launch date in the third quarter.
Fang Cheng Bao announced 10 days ago that its first model is named Leopard 5.
Tesla began selling China-made Model 3 and Model Y models in Canada earlier this year.
Leapmotor previously said that all models of its C platform and future new platforms will have both BEV and EREV versions.
The Avatr 12 is a mid-to-large-sized sedan that will be powered by electric motors supplied by Huawei and will be available in single-motor and dual-motor versions.
The Optiq is smaller in size than Cadillac's only EV currently on sale in China, the Lyriq, and is expected to take on stiff competition at lower prices.
Gotion's earnings preview implies it will post a net profit of RMB 7,439 to RMB 124.4 million in the second quarter, a year-on-year increase of 129.46 percent to 283.68 percent.
Great Wall aims to start producing its Haval-branded models in Uzbekistan within 2023 and by 2024 see an annual production capacity of more than 10,000 units.
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