CnEVPost Newsletter: China EV insurance registrations; Nio, Xpeng shares surge in US
CnEVPost Newsletter: China EV insurance registrations; Nio, Xpeng shares surge in US
Between July 1 and July 23, Nio sold 12,700 vehicles, Li Auto 24,600 and Xpeng 6,100 units.
Nio, Xpeng shares surge in US: What happened?
A top Chinese government meeting on Monday boosted investor optimism, with Nio and Xpeng, the laggards of the past few months, coming into more favor.
Nio to offer single-motor model in sub-brand codenamed Alps, report says
Alps is one of Nio's most important cards for next year, and the EV maker is equipping it with a more flexible business strategy, as well as pouring almost all of its cutting-edge technology into it, local media said.
China's economic planner NDRC meets with 6 private firms including Nio
The NDRC listened to the opinions of private entrepreneurs on the current economic situation.
Nio shortlists 10 cities for Nio Day 2023
Nio Day 2023 will be held in one of these 10 cities: Dalian, Guangzhou, Harbin, Haikou, Hangzhou, Jinhua, Kunming, Tianjin, Xi'an and Zhengzhou.
Tesla's revenue from China up 51% YoY to $5.7 billion in Q2
China contributed 22.99 percent of Tesla's revenue in the second quarter, up from 20.97 percent in the first quarter and up from 22.36 percent in the same period last year.
Great Wall Motor sues 6 bloggers for reputation infringement
Great Wall has sued six bloggers for between RMB 2 million and RMB 5 million each, just after BYD sued another blogger the day before.
Toyota's JV with GAC cuts about 1,000 jobs as Japanese carmakers fall behind in China's EV sector
In June, NEV penetration rate was 58.8 percent for China's local car brands, 30.9 percent for luxury brands and just 3.7 percent for mainstream joint venture brands.
CATL's Q2 revenue up 12.5% from Q1 to $14 billion
CATL's revenue from abroad in the first half of the year amounted to RMB 67.17 billion, contributing 35.49 percent of its total revenue.
CPCA expects China Jul NEV retail sales to fall 6.8% MoM to 620,000
The penetration rate of NEVs at retail in July is expected to be around 35.8 percent, up from 35.1 percent in June.
China exports 2.34 million vehicles in H1, NEVs contribute 34%
NEVs exported from China amounted to 800,000 units in the first half of the year, up 105 percent year-on-year.