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CnEVPost Newsletter: China EV insurance registrations
Most of last week was covered by China's long National Day holiday -- which ran from September 29 to October 6.
Nio CEO William Li told CnEVPost last month that every RMB 50,000 drop in the price of lithium carbonate would result in roughly a 1.5 percent improvement in gross margin for the company.
Xpeng emphasized that the move does not affect businesses including commerce and production. The company fell more than 10 percent in the US on Monday.
WM Motor still has commercial value and some of its creditors are willing to reorganize, it said.
BYD sold a record 28,039 NEVs in overseas markets in September, up 12.05 percent from August.
Neta becomes the second EV maker after Avatr to announce that it will use CATL's Shenxing Battery.
Neta will carry Hesai's ultra-high-definition, long-range AT128 LiDAR on its new models, which are expected to begin mass production in the first half of 2025.
RoboSense's LiDARs have been used in 14 production vehicles, with August sales exceeding 50 percent of last year's total sales.
As of the end of September, China's BEV ownership stood at 14.01 million, accounting for 76.9 percent of the total NEV ownership.
China's NEV penetration at retail was 36.6 percent in September, down from 37.3 percent in August.
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