CnEVPost Newsletter: BYD sees another record month as local peers' sales plunge
BYD sees another record month as local peers' sales plunge - CnEVPost — cnevpost.com BYD's performance in April was in stark contrast to China's major new car makers, who all saw a significant drop in sales from March.
BYD April sales breakdown: Han family at 13,421 units, Dolphin at 12,040 - CnEVPost Despite the impact of the Covid outbreak on China's auto supply chain, BYD's sales rose across the board in April for all family models.
NIO owner helps promote ET7 in Wuhan, central China with her own resources for free - CnEVPost An NIO ES6 owner has offered her media resources to help get the ET7 sedan on a giant screen in a central business district in Wuhan.
NeoPark construction continues as China celebrates Labor Day holiday - CnEVPost More than 600 workers gave up their Labor Day holiday leave to continue working on the NeoPark Phase I (North) project.
EV stocks fall in Hong Kong as broader market moves lower - CnEVPost At press time, NIO was down 3.4 percent, XPeng was down 3.45 percent and Li Auto was down 4.96 percent.
Deutsche Bank on China EV deliveries: April weak as expected due to Covid, expect May recovery - CnEVPost Edison Yu's team expects some spillover in May related to suppliers slowly returning to production, with June likely to be the first normal month.
Deutsche Bank lowers price target on Li Auto to $28 ahead of Q1 results - CnEVPost Edison Yu's team lowered their price target on Li Auto by $6 to $28, based on 3.0x 2023E EV/Sales, down from 3.5x previously.
CATL remains world's largest EV battery maker with 35% share in Q1 - CnEVPost CATL shipped 33.3 GWh in the first quarter, with a 35 percent share, up from 34.4 percent at the end of February.