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CnEVPost Newsletter: Analysts comment on NIO Q2 earnings; Tesla China sales data
NIO expected to see rapid delivery growth as it transitions to new models, analyst says - CnEVPost — cnevpost.com XPeng and Li Auto are currently in a period of transition between old and new products, and sales performance will be under pressure in the near term, according to a local analyst.
NIO Q2 earnings: Here's Deutsche Bank's first look - CnEVPost The earnings report represents the final reset of numbers before the long-awaited product supercycle takes off and NIO can finally demonstrate the power of its brand and ecosystem.
NIO Capital leads latest funding round in US-based suspension startup ClearMotion - CnEVPost The financing will be used to support the 2024 debut of ClearMotion's fully active suspension CM1, which eliminates the sway in the car that disrupts the ride.
BYD signs land deal for plant with annual capacity of 150,000 EVs in Thailand - CnEVPost BYD's plant is expected to start operations in 2024 and the vehicles will be exported to ASEAN countries and Europe.
Tesla sells 76,965 China-made vehicles in Aug, including 42,463 for export - CnEVPost Tesla China exported 42,463 vehicles in August, the highest since production began at Tesla's Shanghai plant. This means Chinese consumers received deliveries of 34,502 vehicles.
Xiaomi CEO says EV race is just getting started - CnEVPost "The race is just getting started, and I think Xiaomi has plenty of opportunities," Lei Jun said.
China's wholesale sales of passenger NEVs hit record 632,000 units in Aug, CPCA data show - CnEVPost In terms of wholesale sales, China's new energy passenger vehicle penetration rate reached a record 30.1 percent in August, the first time it exceeded 30 percent.