CnEVPost Newsletter: Cathie Wood's position on XPeng; Tesla recalls; Didi delisting plans
Cathie Wood opens position on XPeng, buys $13.4 million worth of stock - CnEVPost — cnevpost.com ARKQ bought 277,263 shares of XPeng's ADRs worth about $13.4 million on Thursday, representing 0.56 percent of the position.
XPeng secures land in Guangzhou for $236 million, expected to be used for R&D projects - CnEVPost The site is located less than 10 kilometers from XPeng's headquarters building and will be used for new energy vehicle research and development projects.
Tesla recalls 21,599 locally made Model Y vehicles in China - CnEVPost From January to October, 106,236 Model Y units were sold in China.
Didi announces it will delist from US, starts preparations for HK listing - CnEVPost Didi announced today that it is starting the process of delisting from the New York Stock Exchange with immediate effect and initiating preparations for a listing in Hong Kong.
BYD says its project with Toyota still confidential - CnEVPost A report earlier today said Toyota will launch an all-electric compact car in China in April next year that will use BYD's core technologies.
Toyota reportedly plans to launch EV with BYD technology in China - CnEVPost The model will be unveiled at the Beijing Auto Show next April and could cost less than 200,000 yuan ($30,000) and will only be sold in China.
BYD sold 91,219 NEVs in Nov, up 242% year-on-year - CnEVPost BYD sold 46,137 pure electric passenger cars and 43,984 plug-in hybrids in November.
Former Volkswagen China exec creates new EV brand - CnEVPost Details of the brand are expected to be announced at next year's Beijing Auto Show, and Dongfeng Motor plans to OEM the vehicles for it.
Sokon, Huawei's auto partner, sold 4,591 NEVs in Nov, up 78% year-on-year - CnEVPost That's down about 8 percent from 4,976 units in October.
Chinese regulator calls on EV industry players to address challenges posed by cold weather - CnEVPost A Chinese regulatory body has asked industry players to first ensure that users can use their vehicles properly.