cnEVpost newsletter: Buyers and sellers of NIO stock in Q4; NIO, XPeng, Li Auto to report earnings
February 11 to 17 is the Chinese Lunar New Year holiday. Good luck to everyone in 2021!
This is who bought and sold NIO stock in Q4 - cnEVpost What we didn't notice before is that Swiss National Bank, Switzerland's central bank, is also an investor in NIO.
Chinese regulators interview Tesla to strengthen consumer protection - cnEVpost Five departments, including China's State Administration for Market Regulation (SAMR), recently interviewed Tesla, asking it to effectively protect the legal rights of consumers.
Tesla refutes reports of $25,000 Model 2 as fake news - cnEVpost Reports that Tesla is developing a $25,000 vehicle are circulating widely among Chinese Internet users today. In response, Tesla has dismissed them as fake news.
Tesla's revenue in China jumps 123.6% to $6.66 billion in 2020 - cnEVpost In 2019, China's contribution to Tesla's revenue is 12.12 percent, and in 2020 that percentage increased to 21.13 percent.
Audi plans to launch 6 new energy vehicles in China this year - cnEVpost German premium automaker Audi plans to launch six new energy vehicles in China this year in cooperation with China FAW, according to Werner Eichhorn, president of Audi China, at an online press conference.
Will Apple Car be a threat to NIO, XPeng and Li Auto? - cnEVpost In the opinion of one analyst who follows the industry closely, the answer is no.
Analyst says NIO would still be years away from entering US market - cnEVpost Yu said they currently assume no contribution from US sales in their 2025 earnings forecast and reaffirmed his $70 price target on NIO.
NIO's William Li withdraws as legal representative of GAC NIO - cnEVpost GAC NIO was established on April 10, 2018, with GAC Group and GAC New Energy each holding 22.5%, NIO and NIO Fund each holding 22.5%, and the remaining 10% of shares held by the founding team.
WM Motor enters into $1.7B strategic partnership with Chinese financial institutions - cnEVpost The first RMB 3.5 billion credit facility from a syndicate of Shanghai-based banks has been signed and will be used primarily for WM Motor's operations and layout in terms of products and customer services, the company said.
Baidu launches autonomous driving platform in Guangzhou, to deploy over 100 Robotaxis and 1,000 pick-up stations - cnEVpost Chinese search engine giant Baidu (NASDAQ:BIDU) today announced the launch of a multi-modal autonomous driving MaaS (mobility as a service) platform in Guangzhou that will leverage a fleet including Apollo Robotaxis and Robobuses to provide AI-powered urban mobility services.
CATL reportedly to supply power cells to Hyundai Motor Group - cnEVpost Chinese battery supplier CATL is said to supply power cells to two models built on Hyundai Motor Group's E-GMP platform, with supplies set to begin in 2023, according to cls.cn, citing sources familiar with the matter.
Evergrande's car-making arm launches 3 new models, expanding its model lineup to 9 - cnEVpost The Hengchi 7 is an all-electric B-class luxury sedan, Hengchi 8 is an all-electric C-class luxury coupe, and Hengchi 9 is an all-electric B-class luxury midsize SUV.
WeRide becomes first self-driving company in China to receive ride-hailing license - cnEVpost WeRide, with L4 autonomous driving technology, has become the first autonomous driving company in China that receives a ride-hailing operation license, which was issued by the Guangzhou Municipal Bureau of Transportation.
China's January NEV sales up 238.5% year-on-year, but down about 28% from December - cnEVpost From the comparison with December, the faster rate of production decline reflects the lack of automotive chip supply affects the pace of production of enterprises, the CAAM said.
These are the top-selling new energy models in China in January - cnEVpost With 25,778 units, Hongguang Mini EV held the top spot, selling far more cars than any other brands.
XPeng to charge Supercharger idle fees to decrease wait times - cnEVpost The idle fee is RMB 1.0 yuan/minute (16¢) and the billing starts 30 minutes after the end of charging.
Chinese ministry discusses supply shortages with auto chip companies - cnEVpost The MIIT suggested that automotive chip supply companies should pay attention to the Chinese market, increase the deployment of production capacity, and improve the efficiency of the distribution chain.
Great Wall Motor enters chip industry with investment in auto chip firm Horizon Robotics - cnEVpost Great Wall Motor announced today that it has completed a strategic investment in Horizon Robotics, an automotive chip company, which means it has officially entered the chip industry.
NIO says buyback of NIO China shares has nothing to do with the latter's IPO - cnEVpost Chinese electric carmaker NIO recently bought back and increased its stake in NIO China at a total cost of RMB 15.5 billion ($2.4 billion), which was seen by some as a move to prepare for NIO China's IPO. However, NIO has denied this.
Li ONE receives five stars in new safety test - cnEVpost Li ONE, the only model from Li Auto, received the highest rating in the latest China New Car Assessment Program (C-NCAP) on February 8, 2021.
NIO to report Q4 and full-year 2020 financial results on March 1 - cnEVpost Data compiled by cnEVpost showed NIO delivered 17,353 vehicles in the fourth quarter and 43,728 in 2020, up 121 percent from 2019.
Li Auto to report Q4 and full-year 2020 earnings on February 25 - cnEVpost Li Auto today announced that it will release its fourth quarter and full-year 2020 financial results on February 25, 2021, before the US stock market opens.
XPeng to report Q4 and full-year 2020 financial results on March 8 - cnEVpost Data compiled by cnEVpost showed XPeng delivered 12,964 vehicles in the fourth quarter and 27,041 in 2020.