CnEVPost Newsletter: China NEV insurance registrations; BYD, Tesla battery supply rift rumors
Tesla's insurance registrations last week in China were higher than the previous week's 13,266, while NIO's were lower than the previous week's 3,345.
China's auto industry is facing cyclical swings in the transition to electrification that can't be weathered by price wars and require automakers to stick to brand values, an NIO executive said.
NIO delivered 12,157 vehicles in February, including 6,471 ET5s, 649 ET7s and 2,848 ES6s.
A BYD spokesperson, responding to CnEVPost's request for comment, said the information was untrue and not in line with the actual situation.
BYD has launched the Dolphin, Tang EV, Atto 3 and Han EV in Jordan, the first stop for the NEV maker to expand into the Middle East market.
The price war in China's auto industry has intensified the wait-and-see mood among car buyers, and Li Auto's move helps to allay potential consumers' concerns to some extent.
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