CnEVPost Newsletter: Nio's board change; China's Jan NEV sales
Nio announced changes to its board of directors, with two people appointed by CYVN Holdings joining and one person appointed by Tencent dropping out.
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.
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.
This means that the penetration of passenger NEVs at retail was 32.8 percent in January, down from 40.2 percent in December.
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.
As a comparison, CATL and BYD's shares in 2022 were 36.2 percent and 13.9 percent, respectively.
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