CnEVPost Newsletter: China NEV sales; drop in battery prices
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CnEVPost Newsletter: China NEV sales; drop in battery prices
China's NEV retail sales up 2.7% MoM to record 767,000 in Oct, CPCA data show
China's NEV penetration rate at retail was 37.8 percent in October, up from 36.9 percent in September.
Tesla delivers 28,626 vehicles in China in Oct, exports 43,489 from Shanghai plant
Tesla's share of the NEV market in China was 3.73 percent in October, and its share of the BEV market was 5.78 percent.
Xpeng Q3 earnings preview: In-line results expected, margins likely to beat
"In light of China's EV market remaining ultra competitive for the foreseeable future, Xpeng's strategy continues to resonate well with us, making the stock our Top Pick in the group," Deutsche Bank said.
Saudi PIF could invest at least $250 million in Human Horizons at a valuation of $3 billion, and a deal could be reached as early as this year, according to Bloomberg.
TrendForce expects China's power battery price decline to continue into 2024
China's lithium battery industry's overcapacity will continue into 2024, and battery prices will still decline next year, TrendForce said.
Lithium carbonate prices keep falling as supply-demand imbalance fears persist
The average price of battery-grade lithium carbonate in China is falling close to RMB 150,000 per ton, about half of what it was at the end of June, as supply-demand imbalances continue.