CnEVPost Newsletter: China EV insurance registrations

Oct 10, 2023

China EV insurance registrations for week ending Oct 8: Li Auto 6,900, Nio 1,300, Xpeng 1,300

Most of last week was covered by China's long National Day holiday -- which ran from September 29 to October 6.

CATL rumored to have given lower prices for batteries supplied to Nio and Zeekr

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 suspends procurement head in anti-corruption drive

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 files for bankruptcy, says it will seek rebirth

WM Motor still has commercial value and some of its creditors are willing to reorganize, it said.

BYD launches Seal electric sedan in Singapore and Chile

BYD sold a record 28,039 NEVs in overseas markets in September, up 12.05 percent from August.

Neta deepens partnership with CATL, to use Shenxing ultra-fast charging battery

Neta becomes the second EV maker after Avatr to announce that it will use CATL's Shenxing Battery.

Neta to equip its new models with Hesai's LiDARs in 2025

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.

BYD-backed RoboSense delivers record over 20,000 LiDARs in Aug

RoboSense's LiDARs have been used in 14 production vehicles, with August sales exceeding 50 percent of last year's total sales.

China's NEV ownership reaches 18.21 million

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 NEV retail up 4% MoM to 743,000 in Sept, preliminary CPCA data show

China's NEV penetration at retail was 36.6 percent in September, down from 37.3 percent in August.