CnEVPost Newsletter: Nio reports Q3 earnings, buys JAC's plant assets
Nio Q3 earnings: Revenue hits record high, gross margin rebounds to 8%, loss narrows
Nio guided for fourth-quarter vehicle deliveries in the range of 47,000 to 49,000, meaning it expects to deliver between 14,967 and 16,967 vehicles in December.
Nio Q3 earnings call live updates: New flagship model to be unveiled on Nio Day 2023
Nio Day 2023 will be held on December 23 in Xi'an, Shaanxi province, Northwest China, where Nio will unveil a new flagship model.
Nio Q3 earnings: Deutsche Bank's 1st look
Nio reported third-quarter results that were results largely as previewed and gave a better-than-feared outlook for the fourth quarter, said Edison Yu's team.
Nio buys plant assets sold by JAC for $442 million
Nio said it will acquire the manufacturing equipment and assets of the F1 and F2 plants from JAC for a total consideration of about RMB 3.16 billion.
Huawei-backed Luxeed to launch 2nd model in H2 2024 to take on Tesla Model Y, report says
Luxeed launched its first model, the Luxeed S7, on November 28 as a direct competitor to the Tesla Model 3.
GAC Aion enters Cambodian auto market with launch of Aion Y Plus
GAC Aion has entered the Cambodian automotive market in partnership with a local dealer, its second international market entry after Thailand.
As demand in the power and energy storage battery markets cools, cell makers have adjusted their capacity utilization rates downward to reduce inventory.
For the week of November 27 to December 3, BYD's vehicle insurance registrations in China were 56,200 units.