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CnEVPost Newsletter: China EV insurance registrations; China EV trio's sales targets
Nio's insurance registrations were down 8.7 percent last week compared to the previous week, Xpeng was down 18.97 percent and Li Auto was down 14 percent as deliveries are usually slow at the beginning of the month.
Automakers usually provide high forecasts to their supply chain, while suppliers make their own judgments based on the competitiveness of the vehicle models and the operating results of the car companies.
Guangzhou Shipyard has begun construction on the first of 2 vehicle carriers for BYD, capable of carrying up to 7,000 vehicles.
Tesla will raise the prices of the long-range versions of the Model 3 and Model Y in China on Thursday, November 9, local media quoted the company as saying.
Tesla plans to raise the prices of the cheaper versions of the Model Y in China, as a continuation of the price hike it put on the crossover's most expensive version in the country late last month.
China's passenger NEV penetration at retail stood at 37.7 percent in October, up from 36.9 percent in September.
CATL and BYD's shares in January-September both declined slightly from January-August.
Shanghai has opened a total of 926 roads for autonomous driving tests, with a total mileage of 1,800 kilometers.
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