CnEVPost Newsletter: Li Auto insurance subsidy; Xpeng X9 spy photo
While Li Auto claims that it is offering the insurance subsidy to celebrate the milestones in the deliveries of its L-series models, it is more likely to be an effort to maintain current sales momentum.
The Xpeng X9 will be launched at the end of the fourth quarter and will likely make a limited contribution to this year's deliveries, the EV maker's management said earlier this month.
Neta has announced the closing of a RMB 7 billion Crossover round of financing, without revealing any other details about the funding.
Gotion's net profit for the first half of the year reached RMB 209 million, up 223.75 percent year-on-year.
In the first four weeks of August, China's NEV retail penetration was 39.67 percent, while it was 33.70 percent year-to-date.
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