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CnEVPost Newsletter: Changes in Nio vehicle wait times; China Sept NEV sales
Three days ago, on October 8, wait times for four of Nio's least expensive models were all reduced to 2-3 weeks.
Li Auto's management believes China's NEV penetration will reach 90 percent by 2028, when it will need to sell at least 3 million vehicles annually if it is to become one of the top five players, according to local media.
During the third quarter, Tesla delivered 139,624 vehicles in China, accounting for 32.1 percent of its global deliveries of 435,059 vehicles.
The Taycan is one of the highest-priced EVs available in China, with a starting price of about $123,110.
Haomo unveiled three ADAS kits priced as low as $410 and not relying on high-definition maps to capitalize on the opportunity presented by smart driving features that will cover the vast majority of new cars over the next two years.
China's NEV penetration rate at retail stood at 36.9 percent in September, up 5.1 percentage points from 31.8 percent a year earlier but down from 37.3 percent in August.
From January to September, China's NEV sales amounted to 6,278,000 units, accounting for 29.8 percent of all vehicle sales.
CATL's share fell by 4.88 percentage points in September from August, while BYD's rose by 0.03 percentage points.
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