CnEVPost Newsletter: China EV insurance registrations
Between December 1 and December 17, Nio was 7,900, Xpeng 8,700, Li Auto 24,300, Tesla 41,700, BYD 116,100.
At the end of February, Li's stake in Nio was 10.5 percent, with 44.2 percent of the voting rights. CYVN will hold a 20.1 percent stake in Nio after its latest investment.
The direct impact of Alibaba's share sale on Xpeng shares should be transient and manageable, Morgan Stanley said.
BYD has caught up with Tesla's 17 percent share of the global BEV market in the third quarter and is expected to overtake Tesla as the global leader in the fourth quarter, Counterpoint Research said.
Gansu was hit by a 6.2-magnitude earthquake late last night, which has killed 105 people and injured 186 others.
They spread a large amount of false and inaccurate information, which seriously misled the market and disrupted the normal operation of Xiaomi's automotive business, Xiaomi said.
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