CnEVPost Newsletter: Nio's board change; China's Jan NEV sales
Nio announces board change, 2 CYVN appointees join
Nio announced changes to its board of directors, with two people appointed by CYVN Holdings joining and one person appointed by Tencent dropping out.
Geely Auto inks deal to purchase Zeekr cars for resale in Mexico
At a time when the cost of fossil fuels is skyrocketing and sustainability is becoming increasingly important, Latin American consumers are eager for greener vehicles, Geely Auto said.
China sells 729,000 NEVs in Jan, 39% lower than Dec, CAAM data show
In January, China sold 445,000 BEVs, 46.06 percent lower than in December, and 284,000 PHEVs, 21.98 percent lower than in December.
China's NEV retail sales down 29% MoM to 670,000 in Jan, preliminary CPCA data show
This means that the penetration of passenger NEVs at retail was 32.8 percent in January, down from 40.2 percent in December.
China Jan EV battery installations: CATL share 49.41%, BYD 18.58%
CATL's share of China's EV battery market increased by 4.93 percentage points in January from December, while BYD's share decreased by 4.37 percentage points.
Global EV battery market share in 2023: CATL 36.8%, BYD 15.8%
As a comparison, CATL and BYD's shares in 2022 were 36.2 percent and 13.9 percent, respectively.