CnEVPost Newsletter: BYD previews H1 results; Tesla continues hiring in China
BYD expects net profit of up to $533 million in H1 - CnEVPost — cnevpost.com BYD's strong growth in NEV sales has driven a significant improvement in its earnings and eased the pressure on earnings from upstream raw material prices.
Tesla continues to hire for production, sales positions in China - CnEVPost Tesla is still hiring for hundreds of positions in China, mostly related to production, sales and after-sales service.
Tianqi Lithium expects H1 net profit to rise over 110 times year-on-year - CnEVPost Tianqi Lithium attributed the big increase in its first-half results to the significant growth in sales volume and selling price of its lithium products.
JAC expects to see losses in H1 as chip and battery prices rise - CnEVPost JAC's gross profit from its main businesses decreased by about RMB 832 million in the January-June period compared to the same period last year due to rising prices of raw materials.
Mini EV maker Wuling announces entry into hybrid market - CnEVPost SAIC-GM-Wuling sold more than 120,000 units of all vehicles in June, including 6,249 units of the Hongguang Mini EV.
Convertible version of Mini EV said to be launched in August - CnEVPost The Mini EV Cabrio will be available in two range options of 200 and 300 kilometers, with a price range of RMB 40,000 ($5,940) to 60,000, according to local media.
Chinese state paper article calls for more policies to spur NEV consumption - CnEVPost China needs to further optimize NEV consumption to provide support for stable auto consumption and economic growth, according to an article in Economic Daily.