CnEVPost Newsletter: Rumors on Nio's car-making qualifications, Stellantis-Leapmotor deal

Oct 25, 2023

Nio has gained car production qualification by acquiring local automaker, report says

Nio acquired Leopard in a government-coordinated buyout to qualify for vehicle production, and potential further acquisitions of two of JAC's plants will allow it to end its history of contract manufacturing, local media said.

Nio among 1st adopters of Qualcomm's Snapdragon 8 Gen 3 chipset

Qualcomm overnight launched its latest Snapdragon 8 Gen 3 chipset, which is expected to be standard on flagship Android-powered phones in 2024.

Nio's 2nd swap station in Macau goes live

The station is Nio's 1999th in China and appears to commemorate Macau's return to China in 1999.

Xpeng to report Q3 earnings on Nov 15

Xpeng delivered 40,008 vehicles in Q3, within guidance range, with new SUV G6 contributing 48.6 percent.

BYD showcases 5 models at Tokyo auto show, Yangwang U8 makes overseas debut

BYD has become the first Chinese automaker to participate in the Tokyo auto show, with the ultra-luxury Yangwang U8 making its overseas debut and demonstrating its tank turn feature.

Stellantis nears deal to buy 20% of Leapmotor, report says

As part of the deal, Leapmotor and Stellantis are also discussing a joint venture, according to Bloomberg.

Premium Chinese EV brand HiPhi reportedly making massive layoffs

Rumors on Chinese social media said HiPhi will lay off up to 20 percent of its workforce and up to 50 percent in some divisions.

Chinese autonomous driving startup Pony confirms $100 million investment from Saudi Arabia

Pony.ai plans to set up a joint venture with Neom in Northwest Saudi Arabia to provide autonomous driving technology solutions for the region.

Canalys expects China's auto exports to reach 5.4 million in 2023, NEVs to contribute 40%

MG, Tesla, and BYD were the brands that exported the most NEVs from China in the first half of the year, contributing 25.3 percent, 22 percent, and 15.4 percent, respectively.

China's NEV retail sales at 472,000 in Oct 1-22, up 4% from same period last month

China's retail penetration of NEVs was 38.9 percent in the October 1-22 period.