CnEVPost Newsletter: Li Auto terminates at-the-market share offering, sees 500,000th vehicle delivered
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CnEVPost Newsletter: Li Auto terminates at-the-market share offering, sees 500,000th vehicle delivered
Li Auto terminates $2 billion at-the-market equity offering after raising over $500 million
Li Auto announced last June 28 that it would sell up to a total of $2 billion in ADSs on Nasdaq in an ATM stock offering program.
Li Auto reaches 500,000th delivery milestone
As of today, Li Auto's cumulative deliveries so far this month stand at 34,501 units.
BYD Fang Cheng Bao sees 1st production car of Bao 5 roll off line
Fang Cheng Bao began accepting customer reservations for the Bao 5 a month ago, with a pre-sale price range of RMB 300,000 - RMB 400,000 yuan.
Tesla Shanghai plant produces Model Y with integrated die casting that significantly reduces costs
Model Y production at Giga Shanghai is using one-piece die casting for the rear structure, allowing the component to cost up to 40 percent less.
Changan's new EV brand Qiyuan launches debut model A07 in EREV and BEV versions
The Qiyuan A07 is available in three EREV variants and two BEV variants, a strategy that has been proven by local EV makers to be more effective in gaining sales than just offering BEVs.
MG's electric roadster Cyberster opens for pre-order in China
The MG Cyberster is available in three versions and can accelerate from 0 to 100 kilometers per hour in 3.2 seconds.
China NEV retail sales in Sept 1-24 at 508,000 units, up 11% from same period last month
China's NEV penetration at retail was 40.4 percent in the September 1-24 period, and 34.2 percent year-to-date.