CnEVPost Newsletter: China auto sector inflection point, Li Auto Q1 earnings, and more
CICC sees China auto sector not far from inflection point as two major concerns gain marginal improvements - CnEVPost — cnevpost.com CICC said the marginal improvements are expected to drive sales and earnings higher in the auto sector in the second half of the year.
Li Auto Q1 revenue jumped 320% year-on-year to $545.7 million, beating expectations - CnEVPost Li Auto posted revenue of RMB 3.58 billion ($545.7 million) in the first quarter, beating Wall Street estimates of RMB 3.355 billion, according to the company's unaudited earnings report released Wednesday.
Li Auto CEO says 'more money is better' in response to secondary listing rumors - CnEVPost He said Li Auto doesn't mind getting its capital reserves in any way it can, including secondary market financing, bank loans and debt issuance.
Li Auto says it has built team to handle overseas markets - CnEVPost Li Auto does have plans for overseas markets and is thinking seriously about them, Shen Yanan, co-founder and president of the Chinese electric car company, said Wednesday.
Li Auto says global chip shortage could continue into next year - CnEVPost A global chip shortage could continue through the end of the year and even into early next year, Chinese electric vehicle maker Li Auto co-founder and president Shen Yanan said on Wednesday.
Arcfox model equipped with 'Huawei Inside' sees first vehicle from Validation Build rolls off line - CnEVPost The starting price for this version is RMB 388,900 and the premium version is priced at RMB 429,900. They are expected to be delivered in November and December this year.
CATL says solid-state batteries still a long way from commercialization - CnEVPost CATL said the company is able to make samples of solid-state batteries, but the indicators show there is still a long way from commercialization.
China steps up EV push in public sectors - CnEVPost China will start letting local cities apply to participate in a full-scale electrification pilot and study support policies in the hope that electrification of the public sector will boost private consumption.