CnEVPost Newsletter: China EV insurance registrations; BYD earnings preview

Oct 17, 2023

China EV insurance registrations for week ending Oct 15: Li Auto 10,500, Tesla 7,500, Nio 3,500

As of October 15, Li Auto was at 17,800 so far this month, Tesla at 8,400, Nio at 5,100 and Xpeng at 4,600 units.

Nio applies trademark for its 1st in-house chip Yangjian

Nio's first chip, a LiDAR master chip, will begin mass production in October, the company previously said.

BYD expects Q3 net profit to rise as much as 69% from Q2

BYD expects its net profit for the first three quarters to be RMB 20.5 billion - RMB 22.5 billion, up 120.16 percent - 141.64 percent year-on-year.

Li Auto CEO shares uncamouflaged images of Li Mega MPV

Li Auto CEO shared two camouflage-free images of the Li Mega and hinted that the model will have very low wind resistance.

Huawei-backed Aito to offer up to $1,370 subsidy for delivery delays as firm orders for new M7 exceed 60,000

Aito's new M7, which was launched on September 12, has more than 60,000 firm orders in the first month of its launch.

Didi's autonomous trucking arm KargoBot becomes independent firm

KargoBot has become an independently operated company and received an investment of over RMB 450 million, according to local media.

Anhui aims to add about 400% more public chargers in 4 years

Anhui aims to have more than 500,000 public charging piles and 500 battery swap stations by 2027, which will meet the charging needs of 1 million NEVs.