CnEVPost Newsletter: Li Auto Q3 earnings; Tesla price hike

Nov 9, 2023

Li Auto Q3 revenue beats estimates, profitable for 4th consecutive quarter

Li Auto reported gross margin of 22.0 percent in the third quarter, higher than 12.7 percent in the same period last year and 21.8 percent in the second quarter.

Li Auto Q3 earnings: Deutsche Bank's 1st look

Li Auto's third-quarter results were somewhat mixed, with a strong outlook for fourth-quarter sales, according to Deutsche Bank.

Nio rumored to be integrating sub-brand Alps into main brand's team

Alps is rumored to no longer be a standalone program, with the team's personnel assigned to various Nio divisions and some positions cut.

Nio Oct deliveries breakdown: ES6 at 5,875, ET5 Touring at 3,105

The ES6 remains the best-selling Nio model, but deliveries were down from September, while deliveries of the EC6 coupe SUV were up significantly.

Tesla raises prices of Model 3 and Model Y's long-range versions slightly in China

The price of the Model 3 Long Range has been raised by RMB 1,500 in China, while the Model Y Long Range has gone up by RMB 2,500.

Tesla says price hike in China due to rising costs

Prices are going up because of rising costs, and if costs go down, prices could go down, a Tesla staff said.

BYD Fang Cheng Bao officially launches 1st model Bao 5, deliveries to start this month

The Bao 5 SUV is available in three variants with a starting price of RMB 289,800 and can accelerate from 0 to 100 km/h in 4.8 seconds.

BYD expands promotion to cover more models

BYD is aiming to sell at least 3 million NEVs in 2023, with nearly 2.4 million sold this year through the end of October.