CnEVPost Newsletter: Nio starts taking orders for refreshed models; Xpeng makes big push in overseas markets
Nio starts taking orders for 2024 models: Prices unchanged, deliveries of 5 models to start in Mar
Deliveries of the new ES8, EC7, ES6, EC6, and ET5 Touring will begin in March, the ET5 in April, and the ES7 in May.
Nio App resumes showing wait times, most models 2-4 weeks
ET5 Touring, ES6, EC6, EC7, ES8 all have wait times of 2-4 weeks, while the ET5 has 9-11 weeks and the ES7 11-13 weeks.
Nio to report Q4 earnings on Mar 5
Nio delivered 50,045 vehicles in the fourth quarter, exceeding the upper end of its previous guidance range of 47,000 to 49,000 vehicles.
Nio needs to sort out its strategic direction to turn profitable in foreseeable future, analysts say
Nio still needs to get its strategic direction sorted out before it can expect to turn profitable in the foreseeable future, particularly for its second brand, Alps, analysts at CMB International said.
Xpeng announces dealer partnerships in 5 overseas markets, local deliveries to begin in Q2
Xpeng established dealer partnerships in the UAE, Egypt, Azerbaijan, Jordan and Lebanon, with plans to expand to other European markets including Germany, the UK, Italy and France this year.
Huawei strikes strategic partnership with Dongfeng's electric off-road brand M Hero
Huawei and M Hero are still discussing specific partnership models, with those based on parts supply or the HI model being prioritized.
HiPhi founder apologizes to employees, says firm has only 3-month window left
Ding Lei said that he was using old-fashioned business strategies and was no match for his counterparts from Internet companies. He also said that there have been companies expressing interest in HiPhi, including acquisitions and investments.
Great Wall-backed autonomous driving startup Haomo raises over RMB 100 million in new funding round
Haomo's new funding is the first in the autonomous driving space after China's Lunar New Year holiday, and one of the few large amounts raised in the space during the capital winter of the past couple of years.
CPCA expects China's Feb NEV retail sales at 380,000, down 43% from Jan
China's auto market saw seasonal weakness in February as the 2024 Lunar New Year holiday fell in mid-February, the CPCA noted.