CnEVPost Newsletter: Nio's new deals; Li Auto's earnings; BYD's sales target
Nio signs technology license agreement with CYVN subsidiary Forseven
Nio will grant Forseven a worldwide license to use certain of the company's existing and future technologies related to or subsisting in the company's smart EV platforms.
Nio's power unit ties up with China Southern Power Grid's energy storage arm
China Southern Power Grid Energy Storage will work with Nio Power in areas including battery banks, battery swap stations, and virtual power plants.
Li Auto doubles net income in Q4 from Q3, gross margin improves to 23.5%
Li Auto guides deliveries to be between 100,000 and 103,000 units in the first quarter of 2024, an increase of 90.2 percent to 95.9 percent from the first quarter of 2023.
Li Auto Q4 earnings: Deutsche Bank's 1st look
Li Auto reported strong fourth-quarter results and provided a better-than-expected outlook for first-quarter sales, Deutsche Bank said.
Li Auto management said they expect to see deliveries top 50,000 in March and 70,000 in June.
Li Auto reveals supercharging station buildout plan for this year
Li Auto said it aims to reach 2,000 supercharging stations by the end of 2024.
BYD's initial plan for its 2024 sales target is 4 million units, report says
BYD is set to announce a 4-million-unit target, with a higher 4.2 million sales forecast given to suppliers, including 2 million BEVs, and 2.2 million PHEVs, according to local media.
BYD says updated Qin Plus gets 23,590 orders in 1st week on market
BYD launched the updated Qin Plus sedan on February 19, the first model it's updating in its second offensive against traditional fuel cars.
Xpeng to report Q4 earnings on Mar 19
Li Auto already reported its fourth-quarter earnings earlier today, while Nio will report its earnings on March 5.
Neta has launched preparations for HK IPO, report says
Neta started preparations for its IPO in Hong Kong in the fourth quarter of 2023, with the amount of cornerstone investments signed up so far exceeding RMB 2 billion, according to local media.
IM Motors to become latest Chinese EV maker to add gas engines to EV models
IM Motors CEO said the company's fifth model will be an EREV, set to become the latest after Avatr to look to gasoline engines to boost sales.
IM Motors launches 2024 L7 sedan with lower starting price
The L7, IM Motors' first model, has been updated with its starting price cut by RMB 38,900, or 11.5 percent.