China NEV insurance registrations for week ending Feb 5: BYD 24,280, Tesla 8,643, NIO 1,948

Insurance registrations for NEVs in China by major EV makers rebounded last week, although they have not yet reached the levels seen before the Chinese New Year holiday.

CICC expects China NEV sales to reach 1.5 million in Q1, with Jan as recent low point

CICC expects the first quarter to contribute 15.7 percent of China's 2023 NEV sales, with 20.7 percent, 27.6 percent and 35.9 percent from the second to fourth quarters, respectively.

Neta aims for 300,000 vehicle sales in 2023

Neta is undergoing a supply chain restructuring to address the Neta S capacity shortage, which is expected to be completed in the next 2-3 months.

BYD to begin construction of 543 MWh energy storage system in Las Vegas in Q2

BYD has launched the deployment of the project, which will begin construction in the second quarter and is expected to be in commercial operation by the end of the year.

BYD-backed RoboSense to provide LiDARs for multiple Toyota models

RoboSense will provide RS-LiDAR-M series LiDARs for a number of FAW Toyota's best-selling models, promising accurate sensing capabilities for vehicles.

Gotion to explore building 40 GWh overseas facility with European battery maker InoBat

Gotion and InoBat will explore building a 40 GWh cell and Pack facility in Europe and explore producing energy storage batteries based on the latter's existing facility in Slovakia.

China's Jan passenger vehicle retail sales fall 41% year-on-year, preliminary CPCA data show

The CPCA's preliminary figures were 8.8 percent below its January 28 estimate of 1.36 million units, implying a worse-than-expected performance in the final days of January.